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Home Selling in 60613 : Real Estate Advice

  • All61
  • Local Info2
  • Home Buying24
  • Home Selling13
  • Market Conditions5

Activity 13
Mon Jun 27, 2016
Jeff Nobleza answered:
HOA's and management companies have been sued in the past due to situations like you describe. You are willing to pay for a lawyer and hoping to be made whole after you win I recommend Adam Gurney for a real estate litigation attorney at 312 -854-8092 or adam@lawfirmmiles.com. He has helped me in legal disputes involving real estate situations in Chicago.

Jeff Nobleza
@Properties
... more
0 votes 1 answer Share Flag
Thu May 21, 2015
Christos Papanastasatos answered:
You may have the following:

Transfer Tax $3.50 per $1,000 of the sales price
Title Fees
Attorney Fees
Recording Fees
Real Estate Fees
State of IL Fees
Cook County Fees
City of Chicago Fees ( if in Chicago)
Property Taxes from Jan. 1st to closing
... more
0 votes 9 answers Share Flag
Mon Apr 13, 2015
Daniel Fowler answered:
Hi Avery,
Have you found a way to post your condo for sale yet? If not, I would also be happy to assist you! I can send you current market data for your area and on the most similar homes to yours. I can also explain how you can enhance online presence and have your home appear on all major Real Estate websites! I would be happy to discuss with you any time. I have also worked with several buyers and sellers in the 60613 zip code. Please feel free to contact me any time!

Best,
Dan Fowler
Broker Associate
@properties
dfowler@atproperties.com
... more
0 votes 6 answers Share Flag
Tue Jan 7, 2014
Jacqueline Smith answered:
If it was not in the property report or the bylaws, the owners, not the board or management has to vote by either 66.67% or 75% to amend the rules. If the condo has the right of first refusal they may hold up sales, but for legitimate reasons that are in their control. Consult your lawyer and/or contact the association lawyer. ... more
0 votes 8 answers Share Flag
Sun Apr 14, 2013
Bill Eckler answered:
Wed Jan 16, 2013
EP answered:
what if my building has a total of 12 units; 6 owner occupied, 3 renters, and 3 for sale by owner but the owner is not living in the unit. Are those 3 considered owner occupied?

Would the building meet the 50% ratio? ... more
0 votes 15 answers Share Flag
Thu Feb 16, 2012
Kristinpegram answered:
Mike- did you ever find anything else about this program? We have an interview with them on Tuesday. Thoughts?
0 votes 2 answers Share Flag
Sun May 1, 2011
Joe Schiller answered:
Mike,
price and terms is the game. the terms in this market are 70% of the value to accept risk. I want you to reduce your price 10% (90% of Value) and sell it and send me 10% for my advice, keep 10%, and negotiate an additional 10% from the builder.. you think I am kidding.. unforunately I am not. The interests rates are grat, the inventory is GREATER.. trust me- I have 100's of sales under my belt- you are giving away all your power. Slow down- do what I said..I would even take 5% if need be..Good Luck ... more
0 votes 6 answers Share Flag
Tue Mar 10, 2009
Why Buy? Rent! answered:
List it on your own: "FSBO." Very easy to do with a condo....oh yeah...the BEST part. Add 6% on to what you take home after closing. $200k condo? $12k in tax-free money. Good luck and check it out. ... more
0 votes 14 answers Share Flag
Sun Feb 15, 2009
Eric Marcus answered:
On Jan. 20, 2009 one of our Uptown client's condominium closed for $221,000 that we had listed for $229,000. The closing costs were:

Attorney Fee: $500
State/City Transfer Tax and Recording Charges: $1,043
Commission: $11,050
Title Insurance and other: $1,235
Misc. $175

Tax Credit to Buyer: $1,894 (this will vary depending on your taxes)

That should get you very close. Other things that could come into play are special assessment payoffs and repair credits.

Best of luck with your sale!

Eric Marcus, ESM Realty
Your Real Friend in Chicago Real Estate
http://www.esmrealty.com
773-244-1110
... more
0 votes 5 answers Share Flag
Sat Jan 31, 2009
Ken Dooley answered:
Hi Joe,

You've received a lot of good information in the answers so far. I was inspired to create a blog post based on your question concerning market timing and inventory in 60613. I attached a chart to my blog post to give a better picture of recent inventory trends for Single Family Homes. You can see from the chart that the trend is up at this time. Note that the level is higher than the start of last year due to an inventory overhang. Bottom line, expect more competition no matter when you list.

http://www.kendooley.com/my-blog/2009/1/31/spring-inventory-60613-chicago.html

Best of luck, Ken Dooley
... more
0 votes 13 answers Share Flag
Mon Aug 18, 2008
Bob Brandt answered:
Since the cook county tax bills are not out yet for 2008 or even the second installment of 2007, I think what you paid on 7/1/08 was the first installment of the 2007. So you will probably owe 14 months, using the 2006 tax year and multiplying by whatever proration is in your contract. Your attorney and Realtor can easily do this for you. ... more
0 votes 4 answers Share Flag
Mon Sep 3, 2007
Jim Roth answered:
I would advice you to list as soon as you can, if you hope to get offers and accept a contract by Sept. 8th.
0 votes 10 answers Share Flag
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