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Home Buying in 60647 : Real Estate Advice

  • All66
  • Local Info6
  • Home Buying26
  • Home Selling5
  • Market Conditions0

Activity 26
Thu Nov 16, 2017
Susie Kay answered:
Be forewarned, there are a lot of misleading info on the internet. I would suggest that you work with a local realtor to assist you.
0 votes 1 answer Share Flag
Tue Nov 8, 2016
Angelica P answered:

Please follow these instructions to see your saved home from your list.

1. Hover your mouse over your screen name at the top right and click My Boards;.

2. Click the Saved Homes tab. A list of your saved homes appears.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

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0 votes 1 answer Share Flag
Tue Dec 23, 2014
This should not be a problem and this is not uncommon - as long as its not just one residential unit on top of 1 commercial space. 5% down would not be an issue as long as you qualify.
Please feel free to contact me should you need assistance
Sam Sharp
Senior VP of Mortgage Lending
Guaranteed Rate
773 290 0455
... more
0 votes 6 answers Share Flag
Fri Dec 12, 2014
Sue O'Kane answered:
No, but it helps though. It used to be that 20% down was the standard amount required. Nowadays, with the help of the FHA, you can put as little as 3% down. It all depends on your ability to borrow, which is dependent on your FICO score. ... more
0 votes 21 answers Share Flag
Thu Dec 11, 2014
Christy Starks answered:
Elevator's definitely add value and open the market considerably for more buyers. Opening into the unit can sometimes be considered a drawback depending on the access entry to the unit, though. ... more
0 votes 13 answers Share Flag
Thu Jul 3, 2014
Jeff Nobleza answered:
I would be happy to refer you to set up some one on one interviews with builders I work with.
They both have spec homes they can walk you through. Give me a call

Jeff Nobleza
773 677 5340
Baird & Warner Real Estate
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0 votes 5 answers Share Flag
Mon May 12, 2014
Rick Newnham answered:
It's not a bad idea to scout out an area, if you're not familiar with it, and rent to start out with. With the interest rates still so low and home prices starting to rise, you might want to consider a short term lease so you can take advantage of getting the best price now. By purchasing yourself you will become your own landlord, paying your own mortgage and not somebody else's. Good luck!!! ... more
0 votes 11 answers Share Flag
Thu May 8, 2014
Scott Newman answered:
It really depends on his income. Every $100K you borrow costs about $500/month give or take depending on rate and he should spend no more than a 1/3 of his pre-tax income on housing depending on what his other debts are.

As a simple example- if you want to buy a $200K home you're looking at $1K a month plus whatever taxes and maintenance ends up being (let's call it 300-1K depending on the state you live in).
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0 votes 16 answers Share Flag
Mon Mar 31, 2014
BJ Tregoning answered:
I would love to help!
Organic Realty
Bj Tregoning
0 votes 27 answers Share Flag
Fri Aug 2, 2013
Matt Laricy answered:
0 votes 6 answers Share Flag
Wed Jul 3, 2013
John Meyers answered:
Bucktown continues to be a great area to invest in without the Lincoln Park prices. As another broker mentioned, it is wise to visit the area that you are interested in during the day and at night.

I would be happy to help if you still need a broker.
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0 votes 19 answers Share Flag
Tue Jul 2, 2013
Sohail Salahuddin answered:
Good Morning,

The most sound advise I can give you is to meet with a mortgage professional who can work with you to create a plan that allows you to pay off your debt and save for buying in the future.

You can also contact Jason Accola at Wintrust as they have program that may work well for you now while interest rates are still low, called the Smart Moves Program.

Jason Accola, 312.316.3000

Sohail A. Salahuddin | Founder and Team Leader

Innovative Property Consultants Group | Sales and Leasing

Jameson Sotheby’s International Realty

425 W. North Ave. | Chicago, IL 60610 

O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030

"Extraordinary Service For Extraordinary Lives"
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0 votes 11 answers Share Flag
Sun Jun 23, 2013
Brian and Dan Merrion answered:
would you sell it? I have a few buyer in Bucktown right now- not sure if it would be the right fit but would be happy to pass along.
0 votes 5 answers Share Flag
Mon Jun 10, 2013
Matthew Walton answered:
Thu Jun 6, 2013
johnson10913 answered:
I just read that coach houses was for hores and carriges, but now in chicago they use them for rental income or additional income.
0 votes 6 answers Share Flag
Fri Mar 22, 2013
Sally English answered:
In a similar situation in Atlanta Georgia, I agreed to allow the estate pay my marketing expenses (around $500) and I released the estate from paying a commission. It felt like the right thing to do. Much depends on what the executor told the listing agent when the deal was struck. In my case, the executor asked me to consider the situation and "do my best". ... more
0 votes 15 answers Share Flag
Tue Sep 25, 2012
Joanna Weiss answered:
I dont' think that you should commit mortgage fraud by signing the paperwork. The underwirter probably saw the leases and didnt like the loan. If you are able to delay the clsoing, that would be best. Or if the seller can offer cash to have the tenant move. There is usually a 60 day clause in leases that allow the owner ask the tenants to leave. Please let me know if I could help you with this transaction. Joanna 773-327-3580. ... more
0 votes 11 answers Share Flag
Sat Jul 28, 2012
Sarah Ziehr answered:
It means you need to hire an attorney because whoever buys this will have to deal with a third person who is claiming a stake in the property.
0 votes 6 answers Share Flag
Sat Jul 28, 2012
Sarah Ziehr answered:
Short sale: You sell your property for less than you owe and take a hit.

Foreclosure: Your property is taken away from you by the banks and they sell it to recover losses.
0 votes 5 answers Share Flag
Mon Apr 30, 2012
Andy Ogorzaly answered:
I love this area! I would say this area will remain pretty stable because it is basically Bucktown, which is very desirable. Plus, it's close to everything.
0 votes 3 answers Share Flag
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