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Home Buying in 60655 : Real Estate Advice

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  • Home Buying6
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Activity 6
Wed Sep 12, 2012
Lisa F answered:
Thank you to all for your insightful and very helpful answers. I was not aware we did indeed have so many options to explore. I will be contacting a few of you.
0 votes 19 answers Share Flag
Fri Sep 7, 2012
Joe Schiller answered:
you sure do..just ask someone at the table to provide a clear title and they will
0 votes 7 answers Share Flag
Fri Sep 7, 2012
Joe Schiller answered:
Fri Mar 4, 2011
Bill Katsoolias answered:
In addition to the comments arleady provided, another suggestions is to apply with a lender who works with IHDA's ( Smart Move program. Even though you have more than enough to meet the min. down payment for an FHA loan, you can obtain a lower interest rate through this program. Current interest rates through the program on an FHA loan are at 4.50% on a 30 Year Fixed Rate. The porgram allows for a lower min. score (currently 620) than a normal FHA loan with lender credit score overlays. The program is offered to first-time homebuyers or veteran, household income and property purcahse price must be within the program limits.

Bill Katsoolias
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0 votes 13 answers Share Flag
Sun Sep 6, 2009
John Edfors answered:
Hi robbie,
There are multiple property valuations in the city of Chicago. The County Assessor; an appraisal by an independant appraiser; comparative market analysis; and the multiple websites that provide some
level of valuation. So, that means you would want to find the most information about the property that is currently available should you want to purchase your current rental. This information can be provided based on your true interest. Should you want to pursue this, please give me a call, at your leisure and I would be available to send you an email with the information. I will need the property
information to start the process.
John Edfors, SourceOne Realty, 312-264-6546, or jedfors@sourceonerealty,com.
Thank you for your interest.
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