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Home Buying in 60031 : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 6
Mon Aug 14, 2017
Alysse Musgrave answered:
I have yet to see a house that was cheap enough or special enough to justify the risk and aggravation involved with buying a foreclosure or short sale. There are plenty of dumpy homes that you can buy directly from the seller, not the bank. I suggest you buy one of those instead.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.

Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
(214) 734-3863

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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Fri May 13, 2016
Joya asked:
We made an offer on a house. Offer was accepted and everyone signed. I did the inspection and submitted our requests for repairs. The seller flew off the handle (we were not asking for anything…
0 votes 0 Answers Share Flag
Wed Nov 19, 2014
Gary Geer answered:
You should sit down with your agent and discuss your situation. The agent can help provide guidance to assist you in making the best decision.

All the best.
0 votes 5 answers Share Flag
Wed Aug 27, 2014
Larry Bernstein answered:
If you are still in the market to purchase, I can offer options with credit scores down to 580 w/ 3.5% down. If you are putting 10% down, I can offer options down to 550 scores. Call me if you would like to discuss. Thank you.
Larry Bernstein, American Financial Network, (847) 815 - 8229
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Sun Aug 18, 2013
John Walin answered:
How long will you be stationed at Great Lakes? I don't think it makes sense to buy if you are stationed here less than 3 years. New construction Volo is pretty far west, and builders nowadays do not build spec houses so you have a 6 month building time, short term rentals are rare and charge a premium. Do your own research on school districts, if that is a factor. My vote is Gurnee resale and with VA loans the best deal going if you have a VA certificate of eligibility in hand.
My son ETS last year from active duty Army, I work a lot with service personnel, call, text or email me if you want to discuss options.
Thumbs up me and best answer if you like my response.

John Walin
Trulia PRO VIP
Coldwell Banker
847 276-0120 mobile/text
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Mon Jan 31, 2011
John Walin answered:
Credit score is but one factor used in underwriting approval. it is the first hurdle, but also taken into consideration is job history/stability, salary or variable contract work. Also look at total debt to income ratio and liquid assets. I have seen people with decent credit scores denied loans because of too much overall debt or job instability. Owning your own business can be tough too because they look at net income not gross income before expenses. Rule of thumb is 18 months in the same job. Plus they want to get 2 years of most recent taxes.

If you like my answer, select best answer and give me a thumbs up, thanks! Of course call me if you would like me to put you in contact with a lender that can pre-qualify you over the phone.

Best of luck!
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