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Property Q&A in 60016 : Real Estate Advice

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  • Home Buying16
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Activity 4
Wed Jun 11, 2014
sohin82 asked:
Please call me on 440-503-668

This question was asked from this property:
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Fri Feb 24, 2012
Lisa Compean-GRI,PCV,CLO answered:
The question may still be a little too general. Is this in comparison to a similar property in a different area? Or maybe a specific address vs. the neighbors houses. Maybe a particular price range?

Some recently purchased and appealed their assessments, some never thought of appealing their Taxes... Generally, if you have a question as to why you may be paying more than your neighbors then it's time to contact the assessor's office and make a request to re-assess based on property tax records and recent sales for the surrounding area. I'd expect that's more what people are really interested in these days but I don't know if that's what you are actually asking for.

If you really are interested in the way the assessments are calculated in general- I think the assessors office for Cook county might be the place to ask that question. There are so many variables to the calculations based on tax data about each home that it's not something you will get an easy answer to however. If there were improvements made to a home that aren't included in the assessor database you'll get a different answer as well, if you are calculating for yourself. More information -definitely needed...

All houses are different so take bottomline costs to occupy and then compare it to other homes you like in another area. Compare Square footage and you might find a particular area is more to your liking. I don't think I've ever heard someone chose an area due to it's low taxes however. It's the whole package overall.
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Fri Feb 24, 2012
Thomas Kostopoulos answered:
I'll Assume She Is An Owner Looking To Rent Her Condo Instead Of Selling It As Opposed To A Renter Looking To Sublet-If There Are Currently No Renting Of Units By Any New Condo Buyers/Owners-She Could Be "Grandfathered" in To Being Able To Rent Her Unit Or If She Can't Sell Because Her Mortgage Is More Than The Unit Is Worth-She May Be Able To Rent Due To Hardship-She Would Have To Get Clarity From Her Association On This ... more
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Tue Jan 3, 2012
Lisa Compean-GRI,PCV,CLO answered:
I'm sorry but yes, you have to comply. Anytime you live in an association run housing complex. You and everyone else has to abide by the rules. the rules are basically set up to keep everyone from ruining the basic continuity and beauty of the landscaping, etc.

Now you could decide to go to the next association meeting and bring up that you'd like to have flower pots and could they amend the by-laws. A great way to get that done is to have your neighbors sign a petition to allow that to go on. Just know that if you neighbor across the way decides to put the largest ugliest plant and pot near your property- you won't be able to stop them...Lisa
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