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Niles : Real Estate Advice

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  • Local Info3
  • Home Buying7
  • Home Selling3
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Activity 27
Thu Nov 24, 2016
Kathy Burgreen answered:
Trulia is not set up for phone contact with consumers. Trulia & Zillow phone support is only available to agents who pay monthly advertising fees.

You will get a faster response asking a question here & letting contributors answer your question. ... more
0 votes 1 answer Share Flag
Tue Feb 23, 2016
Molly Hawkins answered:
That's wonderful that you've got a great job at an early age! Are you trying to make an apartment purchase? With no established credit, that would be difficult, if not impossible. If just renting, though, it's a different story for sure. One quick way to start building your credit to make a home purchase in the future would be to get a credit card and begin using it regularly making sure to pay off the balance monthly. And of course, stay up to date on car payments and all other bills. If you're just attempting to rent, you may need to go and speak with the landlord in person. It might be helpful to have some personal references typed up to give them, plus be prepared for at least a month or two deposit. Best of luck on your endeavor! ... more
0 votes 1 answer Share Flag
Tue Feb 2, 2016
Angie Rowland answered:
Active contingent is a property status generally referring to a short sale property that is in contract between a buyer and seller but the sale is still contingent upon the lenders approval. Once approved by the lender the status will be updated as pending. ... more
0 votes 5 answers Share Flag
Tue Oct 8, 2013
Laura Karambelas answered:
Good morning!

I would suggest you work with an agent to help you find foreclosures. Banks list ALL of their inventory with agents.

Your agent should set you up on a search so that you are alerted of new foreclosures as soon as they hit the market. Make sure the agent you work with is familiar with the foreclosure process as well as there are additional buyer expenses, addendums, etc. when buying a foreclosure.

Best of luck.
... more
0 votes 1 answer Share Flag
Mon Oct 7, 2013
Betty Shamoun answered:
I would be more than happy to assist you in your home search. Please email me what your needs, wants and desires so I may better assist you. Betty@BettyShamoun.com
0 votes 3 answers Share Flag
Thu Sep 26, 2013
Chris Fischer answered:
You will need to provide the property address in order for me to help you, or contact the listing agent directly for clarification.
0 votes 2 answers Share Flag
Fri Jun 7, 2013
Paul Cionczyk answered:
RealtyTrac.com markets itself heavily as working with foreclosures. I'm a real estate broker, and so I can see the records in my system, without having to use and pay for RealtyTrac's services.

All depends on your end goal.
... more
0 votes 4 answers Share Flag
Mon Feb 18, 2013
Riccardo Wardlow answered:
3 years after a foreclosure for FHA 4 years for Conventional.

That is the period of time you have to wait.
0 votes 2 answers Share Flag
Mon Sep 10, 2012
Terry Farnsworth answered:
Hi Janet,

I am extremely familiar with HomePath, what they require, and what to expect when you put in an offer. I've worked with numerous buyers interested in HomePath properties - so I'm very familiar with the process and what they require in terms of submitting an offer.

Please feel free to reach out to me via phone, email, or via my website - www.SelectiveBuyer.com. I would be happy to answer all of your questions in detail.

Thanks,
Terry Farnsworth
Licensed Broker
Prospect Equities Premier
terryfarnsworth@prospectequities.com
(630) -747-3426
www.SelectiveBuyer.com
... more
0 votes 2 answers Share Flag
Sun Nov 13, 2011
Phoebe Co answered:
Thank you for a great question. Nowadays, banks have been more proactive in streamlining its short sale process. I observed there are lesser waiting time for short sale deals to close. I always tell clients to have a back up strategy, like having some place to move to ( maybe relatives' home or rent month to month) in case the closing would be postponed. The realtor professional is also instrumental in the success of the transaction if there is constant coordination with attorney working on the paperwork involved. I have had training as a Certified Distressed Property Expert ( CDPE) and have taken the designation as Short sale and Foreclosure Expert. Good luck! ... more
0 votes 10 answers Share Flag
Wed Sep 28, 2011
Anna M Brocco answered:
Ask your caseworker for a list of available rentals; check local realty offices, word of mouth, print media for by owner rentals, etc.; also see links below...
http://www.ihda.org/viewpage.aspx?pageid=78
http://www.gosection8.com/
http://www.hud.gov/local/index.cfm?state=il&topic=renting
... more
0 votes 1 answer Share Flag
Mon Aug 22, 2011
Barbara Angarone answered:
If you are asking about the property located on New England which was temporarily off the market before being re-activated. In this situation it was unavailable for showings during that short time, and now it is available to see. Usually for a repair, update, or paperwork.
Give me a call and I will find out the details.
... more
0 votes 6 answers Share Flag
Wed Jul 6, 2011
Anetta Bani Hani answered:
I do handle rentals in Niles are. I live in Niles and I know a lot of property owners who want to rent sometimes they come directly to me because they know that I live there and I know the community. So if you planinng to move here give me a call : 224-425-2853 or email me at zanita08@yahoo.com and I can help you to find your place. ... more
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Thu May 5, 2011
Ranj Mohip answered:
It seems that the bank feels that your house is worth more than you think it is. Did your agent give the appraiser (or BPO agent) the CMA of $175K when the appraiser/BPO agent came to your house? You can either tell the buyer that the bank countered at $205K or you can challenge the appraisal/BPO. Banks typically want to net 80% of the current value--the prior balance is irrelevant.

The information in this answer is general information and is not intended as legal advice, nor do I intend to create an attorney-client relationship with any reader by answering this question or otherwise contributing as a member of Trulia.com.
... more
0 votes 3 answers Share Flag
Mon Apr 25, 2011
Barbara Angarone answered:
Though our market is lower than last years. There are to many variables to directly answer that question without seeing the unit. Are they the exact same unit number & just one floor higher? Same layout, exposure, view, finishes, appliances. If they are all the same, Top floor might be more desirable. A good idea is to look up the original selling prices, even a better garage spot might sell for more. If you need an agent who would research all this further for you to make a wise informative purchase. If you need a lender who would explain all the costs involved to assist if you could afford it, I work with many.Give me a call!

Barbara Angarone
Century 21 McMullen Real Estate, Inc.
c 773-875-3953
... more
0 votes 4 answers Share Flag
Wed Apr 20, 2011
Ron Rovtar answered:
If the sellers can neither bring money to closing nor borrow to cover a deficit, then this is by definition a "short sale" and the bank must be brought into the deal and agree to allow the sale to go forward. The sellers will have to prove to the bank that they cannot continue to make the payments.

Best,
Ron
... more
1 vote 8 answers Share Flag
Tue Sep 28, 2010
Gerald Godla-Mar answered:
Niles has a wonderful school system if you would like I would love to sent you listing...
0 votes 2 answers Share Flag
Wed Aug 11, 2010
Mack McCoy answered:
Usually, you can determine whether someone is caring from having a conversation or two with them. One thing you might do is ask them how they've helped someone like you who had a home to sell and wanted to buy another.

Reliability is harder to predict, and "qualified" is more a matter of whether they meet YOUR qualifications than anything else.

I don't believe in "checklists," the idea that you should have a clipboard full of questions to interrogate every agent you meet with.

I do think that you should leave an interview with a real estate agent knowing

- how long they have been in the business
- if they are knowledgeable about properties in your neighborhood
- if they are knowledgeable about the neighborhood(s) you want to buy in

As to whether you should work with two different agents, I think that finding one good agent to meet your needs - or anybody's needs - is difficult enough!

All the best,
... more
0 votes 7 answers Share Flag
Mon Aug 9, 2010
Edith Karoline Jasser answered:
Hi Ilet...
When putting your home on the market at this time.... there are 3 very important things you have to consider:

A) your home has to be in perfect showing condition, i.e. it may need some staging, and any repairs need to be done, and/or some improvements or upgrades if not already done.

B) Very competitive pricing.... In this market in the beginning your home needs to be priced right
compare to currently competing homes, and those recently sold similar to yours

C) You may be even more aggressive in pricing your current home, if you intend to sell in a relatively short period of time...

We are in a buyers market and therefore you may end up getting less for your home than you expect, but then you will also pay less for your next one. But depending on what you sell and what you intend to buy as far as type of home, size of home, size of lot, location etc. is concerned you have to weigh your options and your advantages and disadvantages carefully with the Realtor you intend to work with....

Interest rates are low, and as a buyer you will have many choices....

Good Luck to you and I hope this helps you a little....
Edith YourRealtor4Life Working always in the very BEST interest of her clients
chicago and Northern and NW suburbs expert
... more
0 votes 4 answers Share Flag
Wed Jun 2, 2010
Cherrie Catama-Smith answered:
Hi Paul,

Renting your condo out will count against you, but if you can qualify to purchase another home with your condo payments, you will be good to go. You may want to save that wheel barrel of cash you need to sell your condo and rent it out. The rental market is quite strong and it may be best to hold onto the condo until the market picks back up.

Hope everything works out!

Cherrie Catama
Newman Realty
cherrie@newmanrealtyillinois.com
... more
0 votes 10 answers Share Flag
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