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Home Buying in 60639 : Real Estate Advice

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  • Local Info2
  • Home Buying9
  • Home Selling2
  • Market Conditions0

Activity 9
Fri Jul 21, 2017
Alysse Musgrave answered:
When you want to buy a home, hire an Exclusive Buyer's Agent to represent you, not a regular buyer's agent. EBAs represent homebuyers only, so there is no conflict of interest to jeopardize your negotiating position. Contact http://naeba.org for a referral to an EBA who will give you valuable advice, not a sales pitch.

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


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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0 votes 3 answers Share Flag
Tue Jan 14, 2014
Evelyn S. Fred answered:
If you have cash you can, otherwise no.

Contact a lender and ask them to help you establish a game plan to work towards eventually being able to qualify for a loan.

Good luck!
0 votes 14 answers Share Flag
Sat Apr 6, 2013
Evelyn S. Fred answered:
Hi Javy,

I would suggest you contact your lender.

As previously asked, do you want to sell in order to buy another home? OR Do you want to keep the home as an investment property for cash flow? Need details.

Good luck!
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0 votes 10 answers Share Flag
Tue Oct 23, 2012
Ivan Sagel answered:
Luis,

Any property that is not considered new construction would be a "resale". If you are looking to buy a place, I would be happy to help.

Best of luck,
Ivan Sagel
312-515-7823
Ivan@atproperties.com
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1 vote 7 answers Share Flag
Mon Oct 10, 2011
Edith Karoline Jasser answered:
Hi Sara I suggest if you are interested in buying a condo and need to know the rental question and all other
details answered before deciding on which property to buy, contact a local realtor familiar with condo purchase and the association by-laws (different for every building!) and can check on the rental question ahead of time
on your behalf. It does not cost you anything to work with a buyers agent and it is to your advantage, not only
finding the right property for you, but also in your price range and with checking the different terms and
regulations for you and on your behalf. If you need a Realtor recommendation let us know.

Good luck to you in your search, other agents below have touched on why in a same building the rules may
be different, more often there could also be a limited number of rentals allowed in the building and they may
have reached that magic number!
Work with a Realtor !!!!

Edith YourRealtor4Life and Northern Illinois Northshore Connection
Working always in the very BEST interests of her clients !
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0 votes 12 answers Share Flag
Mon Oct 10, 2011
Seth Captain answered:
Despite your possible fear of vulture real estate agents, you should know that working with a buyer's agent costs you nothing. Nada. You will not, EVER, save money by thinking the seller will adjust the price because you are not working with an agent. And in most cases, the seller pays more than if he worked with a reputable buyer's agent. Natural, considering there is no possible way a one time buyer can understand the market like a professional who spends every workday dealing with all imaginable issues regarding property value.

That being said...you have nothing to lose by making an offer. If it just listed, fat chance for getting it for that price. I have seen estates hold on to properties for months, even years until they get their hopeful price.
But yes, eventually, an estate sale should sell for something near the comparables, if not a bit lower.

Brush up on your negotiation skills, knowledge of the local market in the last year, understanding of the rental market, and financing situations, and I'm sure you'll be fine. Really.
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0 votes 3 answers Share Flag
Thu Nov 25, 2010
Edward Mendelson answered:
Good question. Try the attached website and type in your address you should come up with some flood zone answers.
You could always call the city and ask if they have any flood zones. If you are buying a house sometimes that info will become available as you may be required to buy flood insurance if the house is in a flood zone. ... more
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Sun Oct 17, 2010
Jeff Star answered:
0 votes 10 answers Share Flag
Fri Jul 25, 2008
Tom McCarey answered:
Sam,
Would you see a blind ophthalmologist? Or take singing lessons from a deaf vocal instructor? These absurd hypotheticals are on par with buying a foreclosed unit in a defunct condo association. It's just not going to work. First, no lender is going to fund the purchase. Second, even if you are paying cash you have to recognize that you are tossing money down the drain because your prospects of resale are minimal at best. Sorry, but the situation you describe sounds like a transaction that Michael Scott would pursue in the tv show "The Office." Aside from comedic effects the reality of it is fundamentally flawed.

Pursue your path boldly!

Tom McCarey
The Real Estate Lounge Chicago
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0 votes 3 answers Share Flag
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