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Home Buying in 60615 : Real Estate Advice

  • All35
  • Local Info3
  • Home Buying19
  • Home Selling2
  • Market Conditions0

Activity 19
Tue Jun 21, 2016
Jeff Nobleza answered:
If you would like to explore the possibility to buy instead of rent I have a lender I can refer you to who will work with you to fix your credit. Let me know by messaging me through Trulia

Jeff Nobleza
@ Properties
... more
0 votes 1 answer Share Flag
Sat Jun 27, 2015
Josh Barnett answered:
Speak with a local lender and complete their loan application to know what products are available for you.
0 votes 3 answers Share Flag
Sat Jun 27, 2015
Mark's Of Excellence Team answered:
They look at income, debt, length of credit, as well as payment history.
Mark J Baughman, Realtor (R)
Owner
"MARKS OF EXCELLENCE" Team
Executive Club, 100% Club, Million Dollar Club, Re/Max Top 1% Production: 2006,2007,2008,2009,2010,2011,2012,2013, 2014
RE/MAX Traditions
Mobile: 440-487-3448
Fax: 1-888-812-5245
MBaughman@Remax.net
http://www.MarksOfExcellence.Net
http://www.facebook.com/MarksOfExcellence
... more
0 votes 4 answers Share Flag
Sat Jun 27, 2015
Mark's Of Excellence Team answered:
Wells Fargo is terrible. Their service is sub par and they take forever! Find a different lender ASAP
0 votes 7 answers Share Flag
Fri Mar 8, 2013
Patty Harrison answered:
Hi Mary:


Please let me know if you are still looking to get prequalified. We work with lenders that allow for scores as low as 580! Please visit our website www.smartmortgageinc.com or email me at patty@smartmtgs.net for more information.

I look forward to working with you!

Best regards,

Patty Harrison
Smart Mortgage Center
... more
0 votes 19 answers Share Flag
Fri Nov 9, 2012
Terry Perdue answered:
Any home purchase is a good idea, whether you are in Hyde Park or West of Hyde Park, it is a good idea. If that is the home for your, purchase it and enjoy. Hyde Park has a lot of features such as walking distance to stores, restaurants, and novelty shops. ... more
0 votes 9 answers Share Flag
Fri Jun 8, 2012
Bill J Deligiannis answered:
Get yourself pre approved an let a profeesional tell you whatyour options are.
Contrary to popular belief, banks are lending. FHA loans can be obtained for as little as 3.5% down and Conventional loans can be obtained for as little as 5% down.

Should you have any questions, feel free to contact me.

Bill J Deligiannis
First Centennial Mortgage
630-788-5288
b.deligiannis@gofcm.com
... more
0 votes 3 answers Share Flag
Sun Aug 7, 2011
Margaret Hassani answered:
Yes. This is a good sign and I would be optimistic.
0 votes 4 answers Share Flag
Thu Nov 11, 2010
Jose Hernandez answered:
It's not unusual, we've waited up to a month in some cases. Keep in mind that they have stock piles of REO's and only certain people have the authority to sign off, simply follow up with the listing agent.

Good luck!

Jose Hernandez
773-490-9791
... more
0 votes 8 answers Share Flag
Mon Nov 16, 2009
Mike McCallum answered:
I wouldn't worry too much about it being shown. If you have a fully executed contract they can't sell it to someone else unless you can't get your financing in time. Focus on getting your loan commitment. ... more
0 votes 8 answers Share Flag
Sun Oct 25, 2009
Maria Clark answered:
Dear Kmhaley:

I am very familiar with Hyde Park. Yes, I do believe you can purchase a 2 bedroom condo as an investment property. It is important you find a unique and well maintained building to purchase this condo. I have found from past experience that a secured building with garage parking is key. I sugest the Renaissance of Hyde Park Building. If you would like more information please contact me. I have managed 2 rentals for over five years.

Thank you,
Maria Clark
mariasellsrealty.com
Infinity Realty Group
1608 West Sherwin
Chicago, Il 60626
312 953 4484
immariaclark@yahoo.com
... more
0 votes 7 answers Share Flag
Sun Mar 29, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
dan, I would submit your quesition under remodel & renovate you may get better responses. In general vertical cracks that go through the bricks are not a good indication. The other thing to look at is how level the walls are. It there is moverment and the walls are not level I would get a foundation expert to look at the house. You realtor might be right but you are investing the money and I would get an expert to review the situaition if I was you. Remember the house is built on the foundation! ... more
0 votes 4 answers Share Flag
Wed Mar 11, 2009
Christopher Thomas answered:
Dear Bob,

Most non-MLS sites do not update their listing information in real time. In the case of Realtor.com, they only guarantee that they will update their information within 72 hours of the changes being made in the MLS. If you are working with an agent, then you should have your agent set up an automated search for you via ConnectMLS. If you don't want to have an automated search for yourself, then I'd just suggest contacting the listing agent of whatever property you're interested in to get the most accurate information. Good luck.

Sincerely,
Christopher Thomas
Broker Associate, Sudler Sotheby's International Realty
773-418-0640 (cell)
christopher.thomas@sothebysrealty.com
http://www.mayagentchris.com
... more
0 votes 5 answers Share Flag
Sun Nov 9, 2008
Name asked:
mean local (those located professionally in Hyde Park and Kenwood) of the properties. For example( and there are many- not just an isolated few), homes listed for $1,200,000 actually sell…
0 votes 0 Answers Share Flag
Mon Oct 27, 2008
Margie Smigel answered:
The big question is where did you get the numbers for renovation? Have you carefully inspected both properties? You might have thought that you'd have to update the interiors, but you need to understand what's needed on the outside as well. How's the roof? The windows? Is the circuit breaker box in the house at least 200 amps or will you have to bring in more service? How about the sewer pipes to the street and the water feed to the building? This counts for condos as well as for homes. In the condo, make sure that the association is on top of the repairs. Check out that basement. $300K is a low price for a house in Hyde Park. If you can really finish it for $70K, you might have a terrific investment. If the condo is great in a stable and financially sound building, that could also be a great deal. Just make sure that you won't be due for special assessments in the next few years. ... more
1 vote 6 answers Share Flag
Mon Oct 27, 2008
Margie Smigel answered:
The interesting aspect of the Hyde Park / Kenwood neighborhood is that free standing houses DON'T sell by the square foot price. Before the 1990's, almost 80% of the housing stock in the neighborhood was built before the stock market crash. The lucky thing is that we missed that era of bad architecture (50's-70's) that created some really ugly houses across the city. There has been a surge in new construction since the late 80's, but very little of that has been in detached homes. A house that hasn't been renovated since they put in that great new kitchen and that clever shower in the closet in 1973, will certainly have a different value that one which has been recently updated with new mechanicals and finishes. The great thing about being a buyer in the Kenwood neighborhood is that many of the houses were designed by noted architects in their eras and built by the finest craftsmen. Each house will have its own distinctive features and feel. (I know that house with the hot tub in the bedroom...c'est la vie...). The most convincing thing you can do when negotiating on a house with defects is to do an inspection BEFORE making an offer. Include the inspection report with your offer and document why you are making the offer you are making. This is the best time in the past many years to be a buyer. You have the time and the freedom to be as tough as you'd like. ... more
0 votes 2 answers Share Flag
Mon Jun 30, 2008
Laurie Christofano answered:
In my market (Oak Park) we are seeing buildings whose bylaws have a "right of 1st refusal" clause actually decline in value because these units cannot be approved for FHA financing, a major funding source for 1st time buyers. If you have a say in the matter, get your association to strike that clause! It will help everyone in the long run. ... more
0 votes 2 answers Share Flag
Sun Jun 8, 2008
Scott Epstein answered:
That is correct, the property was foreclosed on in February and did not sell at auction, it was sold back to the bank. If you would like more information on this property please contact me at scott@illinoisrealestate.com. You can also visit our foreclosure site at, http://cook.illinoisrealestate.il-foreclosure.com/ or recent home sales data at http://illinoisrealestate.public-record.com/realestate/ ... more
0 votes 2 answers Share Flag
Mon Mar 17, 2008
RCWessel & Associates, Ltd. answered:
This unit is back on market for $215000. PM me for rebate info
0 votes 2 answers Share Flag
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