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Rentals in Arlington Heights : Real Estate Advice

  • All116
  • Local Info12
  • Home Buying29
  • Home Selling7
  • Market Conditions4

Activity 15
Thu Jan 19, 2017
Rfabbrini asked:
I posted a rental through Zillow and it propagated to your site. But the address is not disclosed and I would like it to be. How do I get to the rental listing so that I can get the address…
0 votes 0 Answers Share Flag
Sat May 16, 2015
sergey belko asked:
Fri Aug 8, 2014
Lou Zucaro answered:
Hi Matt,

Many apartments allow pets, but some do have a pet weight limitation or even breed limitations. If you want to get in touch, I can get more specific info from you in order to help you find the right home for you and your Husky!

Lou Zucaro
... more
0 votes 1 answer Share Flag
Mon Feb 10, 2014
Jan McNulty answered:
I am so sorry, but I looked in the multiple listing service and see no listing for a rental for under 1200.00 a month. I looked in both Arlington Heights and Mt Prospect. You might be able to find a 1 bedroom in the Rolling Meadows or Wheeling High school areas, but it would probably be at 850. ... more
1 vote 1 answer Share Flag
Wed Sep 4, 2013
Andrew Malak answered:
Tue Aug 6, 2013
Okhee Choi answered:
There are quite few rental properties available in Arlington Heights.
Usually they require Additional Pet Rent Deposit.
I would be happy to help you. Let me kow.
0 votes 2 answers Share Flag
Wed Jun 26, 2013
Arlyn Tratt answered:
I have a rent to own program that would be perfect for you.
It's open to just about any house for sale on the market and there is no obligation to purchase the home at a later date.
Homes for sale are better quality in general than homes for rent.

Check out my trulia profile for more info.
Very pet friendly.

... more
0 votes 4 answers Share Flag
Tue May 28, 2013
Trevor Curran answered:
Good morning Jennzie11,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 11 answers Share Flag
Mon Dec 17, 2012
Brian T. Wolf answered:
Sat Aug 4, 2012
Andrew Malak answered:
I am not sure I understand the question? If you want to buy an condo to rent to section 8 there Is no such thing. You as an new owner would have to apply for it after you buy it. Unfortunately, they don't look for new owners at this this time due to the popularity of the program.
Andrew M.
... more
0 votes 3 answers Share Flag
Fri Jun 29, 2012
Davidhi answered:

You are answering a question to a thread that is over a year old! Great timing. And your comment
"you will not negotiate a better deal by yourself' is well BS. Think about, if the renter uses a real estate agent then the landlord must pay the real estate agent 1 month's rent for the commission. Now if the prospective renter does not use a real estate agent, then the landlord has more room to reduce the price since there is no real estate agent commission to pay. This ain't rocket science. And as far as your statement, "Moreover, agents have acces to more rentals than anyone else.", this is ridiculous since there are so many websites for rental properties. Nice try though trying to keep up the myth that real estate agents have a magical curtain containing super secret listings that only real estate agents have access too.

... more
0 votes 11 answers Share Flag
Thu Jun 28, 2012
Andrew Malak answered:
Yes. They are a referal service. They find potencial renters / buyers and refer them to agents like I. The only difference is that they don't handle your case directly but the agent they refere you to does. For what they have the agent pay them a refereal fee. So you are better of going to an agent directly such as myself.
... more
0 votes 3 answers Share Flag
Thu Jun 28, 2012
Andrew Malak answered:
You better just rent out and watit till you are able to buy because with rent to own there are not that many to chose from.
0 votes 5 answers Share Flag
Thu Jun 28, 2012
Andrew Malak answered:
That depends on what you consider good. For one $2,500 might be good for other $800? PLease state your cost.

These days most of the owners are renting out their condos/appartments.
... more
0 votes 6 answers Share Flag
Thu Jun 28, 2012
Andrew Malak answered:
Yes. If you prove that your kids caretaker lives in that school area and is watching your kids while you are at work. Contact your schools superintendent for details. ... more
0 votes 1 answer Share Flag
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