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60656 : Real Estate Advice

  • All15
  • Local Info1
  • Home Buying7
  • Home Selling1
  • Market Conditions0

Activity 10
Wed Sep 21, 2016
John Meyers answered:
FHA restrictions have recently eased and they now approving more condos for FHA financing.

The easiest way is to find a realtor who works with a mortgage broker who is familiar with FHA loans.

The realtor will know how to find condos that are FHA approved. -- Since there isn't a master list and rules are constantly changing, it involves a little homework on the realtor's part.

You probably know this already, but FHA loans only require 3.5% Down which a lot of potential first-time buyers don't even realize..

Just let me know if you would like some help.

Thanks,
John (Meyers Realty)
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Wed Sep 21, 2016
John Meyers answered:
That is great! -- That you means that you get $3,000 back at closing.

Rather than a suitcase full of cash though, you get it in the form of a deduction of what you owe (or increase of what you are getting back).. :-) ... more
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Tue Jan 26, 2016
Kynuts99 asked:
Thu Jan 29, 2015
UpNest Top Realtors answered:
Typically 6%, but of course that is flexible and can be negotiated mainly depending on the potential selling price of your home.

At UpNest (http://www.upnest.com) we are an innovative online realtor market place that helps you find top local realtors that will be competing for your business. When using our site, you will be able to compare commission quotes (no awkward negotiating for you to do with an agent), length of contract, and services such as number of open houses, staging, marketing and virtual tours that the agents are willing to offer.

After reviewing the different proposals, you then can pick the agent that you feel is best suited for you and your particular situation. Because agents are competing for your business, they will be offering you the best possible services they can offer, guaranteeing you a great deal.
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0 votes 21 answers Share Flag
Tue Sep 3, 2013
Mike Opyd answered:
Mon Nov 12, 2012
Seth Captain answered:
Instruct them to refrain from buying plasma televisions everytime BestBuy runs a sale.
0 votes 16 answers Share Flag
Thu May 17, 2012
Bill J Deligiannis answered:
Consistently ranked as one of the "best" places to live in the US. The city is still in the same location - the schools are still there - the companies along the I-88 corridor haven't left - the parks and programs are still available. Values have come down, yes as have interest rates. It is a great time to purchase and borrow not only in Naperville but all across chicagoland.

I just spoke to someone today who just listed their home in Naperville for over $500k and within 1 day they had an accepted contract. By the way, it is the highest priced home in the subdivision.

This is a great buying opportunity for those who have the ability.
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0 votes 2 answers Share Flag
Thu Feb 16, 2012
Joe Schiller answered:
this is a tricky business that should encourage you to select a agent to help you.. the decison to buy a home can you leave you gaining or loosing $1000's of dollars by trying to do it yourself.. come to my offie and I will help you keep $1000's of dollars ... more
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Wed May 19, 2010
Dan Chase answered:
Cash is king. That means you will have no problems with financing. As such banks, and some sellers will prefer you slightly lower offer over a higher one that has financing and might not happen. ... more
0 votes 8 answers Share Flag
Mon Jun 22, 2009
Chuck Stuparits answered:
John: These are sometimes the roadblocks that transpire prior to closing. What does your attorney suggest? If you really like the place and they gave you a good deal, it sounds like there's a glitch somewhere.I would still defer to your attorney for their advice. ... more
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