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Home Buying in 60201 : Real Estate Advice

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  • Local Info2
  • Home Buying7
  • Home Selling5
  • Market Conditions0

Activity 7
Mon Jun 24, 2013
Ryan Rahim e-pro answered:
Yes most of my non-us citizens buyers have been cash buyers. To fund a loan for a non-us citizen feel free to contact my lender. Thanks

Karlton Uhm, Senior Mortgage Banker

Peoples Home Equity, Inc 1801 S Meyers Rd, Ste 500 Oakbrook Terrace, IL 60181

E-Mail kuhm@peopleshomeequity.com
Direct (630) 225-7585
Cell (630) 865-9635
Fax (630) 812-1367
NMLS 186188
... more
0 votes 8 answers Share Flag
Mon Nov 26, 2012
Mallory Peck answered:
Hi Sylvia,

If you haven't received the information you need yet, feel free to contact me!

Good luck and best wishes!

Mallory
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Thu Mar 11, 2010
Patricia Mankoff answered:
Yes you can buy property here. The taxes come into play when selling a property if you do not have a US social security number . Then it is 10%. From state to state other taxes may apply. In Florida if you purchase as a primary residence then you get a real estate tax break as well as a cap on how much taxes can increase each year. ... more
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Wed Feb 24, 2010
Alan May answered:
Susan is absolutely correct Lincolnwood school district holds its own. I, too, live and work primarily in Evanston, and Lincolnwood remains one of the schools that buyers consistently request, just as you have.

While Evanston has seen pricing dips, well maybe slightly more than dips, Evanston's prices have held up better than many Chicago area communities and has held it's own against other areas in the country.

This is most definitely Northwest Evanston, both north and south of Central street... all the way south to Golf, and north to Isabella where Wilmette begins.
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Mon Apr 20, 2009
Alan May answered:
While Bill is correct, that the average in the 60201 area is about $400,000 +, the area you've specified is even a tighter micro-area, and the average sale price of properties in a tighter area around the home you've selected, is probably a little higher than that... more likely around $500,000 + ... more
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Thu Oct 16, 2008
Edgar Theisen answered:
As a non-citizen, non-resident a 10% tax on sales price applies. As a resident, this rule does not apply.
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Tue May 27, 2008
Alan May answered:
Robin - you had a nice '09.

I certainly think that working with a good buyer's agent is an excellent idea. But just as a general though, I still think that Investor's concept of bidding 88%, even today, should be successful in Evanston's high end market. As you say, the Million + market has been on the slow side.

Investor asked this question in May of 2008, so I'm sure they're long, long gone.
... more
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