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Home Buying in Barrington : Real Estate Advice

  • All34
  • Local Info8
  • Home Buying7
  • Home Selling2
  • Market Conditions2

Activity 18
UpNest Top R…, Real Estate Pro in Burlingame, CA
Tue Jun 21, 2016
UpNest Top Realtors answered:
We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! Our agents also offer buyer rebates which you can learn more about here: http://www.upnest.com ... more
0 votes 31 answers Share Flag
Bob Brandt, Real Estate Pro in Schaumburg, IL
Wed May 11, 2016
Bob Brandt answered:
You may be able to get a preapproval letter for it, but that does not mean it is a good idea.
After you do a complete family budget and calculate all the high expenses of a home like this, it may not leave much cushion for emergency money, retirement money or other things in life that come up.
I grew up in the Barrington area and have been selling homes here for 31 years.
There are many great choices in the 300's and 400's also.
We could meet and crunch a bunch of numbers, preview some homes to make appointments for and go check them out.
... more
0 votes 2 answers Share Flag
Kim Alden, Real Estate Pro in Barrington, IL
Mon Mar 2, 2015
Kim Alden answered:
That question depends on the finishes you are requesting. Prices can range from $125 to $800 a foot depending.
0 votes 10 answers Share Flag
Kim Alden, Real Estate Pro in Barrington, IL
Mon Mar 2, 2015
Kim Alden answered:
They have a great reputation. Many buyers are very happy there including a past staff member.
0 votes 3 answers Share Flag
Michael Decm…, Real Estate Pro in Bolingbrook, IL
Wed Nov 12, 2014
Michael Decman answered:
I have a program where with as little as 5% down(can be gift funds) will qualify you for a loan.

Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Office 630-427-4668
Cell 239-633-6323
e-Fax 800-863-5473
Email mdecman@ccmclending.com
... more
0 votes 18 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Mon Nov 4, 2013
John Walin answered:
No matter the business model, we are paid a success fee. Don't sell it don't get paid. If I promised you a $1500 rebate in stead of the $1,000 your guy offered and didn't sell it, moot point. Stewart is right on! 1/3 of the time a buyer or seller never buys or sells, we put in the work, never get paid with those people. Its the 2/3 that carry those indecisive or disloyal people that want to pick our brains and then figure out the cafeteria plan of what we do that can be discounted. hey, you sold my house in two weeks and didn't have to advertise it or inversely, I lowered my price after 6 months of selling you should lower your commission too to share in taking the hit.

Ask your dentist how much he clears cleaning your teeth after paying the receptionist and rent. THATS why we get sensitive, err like its not your business to figure out how much we net after broker split and expenses and decide if that is fair or excessive. A 20% rebate on pretax earnings before taking out expenses is a 40% hit on net pay.
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0 votes 7 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sat Feb 2, 2013
John Walin answered:
fixing the source of the water entry, grading toward the house or bad flashing on roof to major restoration behind the walls. They walk in wearing hazmat suites looking like a ghostbuster to basically bleach and sanitize and dry the space ... more
1 vote 5 answers Share Flag
PAT FALBO,  in Barrington, IL
Sat Jan 19, 2013
PAT FALBO answered:
It appears Prudential Relocation has purchased the home or in some process of buying the home.

There is almost always room for negotiations in any kind of REO. A company does not want to pay the electric bill, the gas bill or take care of t he lawn for any length of time. Each deal is different tho
there is not a set of rules to follow by all REO companies. Hope I have been able to help?

Can I help you with purchasing a home?
... more
0 votes 7 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sat Jan 19, 2013
John Walin answered:
Lisa McCauley, Real Estate Pro in Barrington, ID
Tue Jan 15, 2013
Lisa McCauley answered:
What is the current zoning now? Is it commercial? Are you trying to get rezoned?

www.monalisahomes.com
0 votes 2 answers Share Flag
Pam Jacobs, Real Estate Pro in Barrington, IL
Sun Jun 28, 2009
Pam Jacobs answered:
The sales price to list price ratio has been 91% over the last 12 months in Barrington. Keep in mind that this is just an average. Many buyers are only judging how good of a deal they got based on how much they are able to negotiate off of list price, but this is a flawed strategy since there's no assurance that the house was over priced or underpriced.

We've seen a number of buyers who have happily overpaid for their home only based on how much they got off of list price, while others have passed up great, great deals, just because the home's list price was already a fantastic deal.

Work with an agent who is an expert in the market you are looking in so you know exactly how good of a deal you are or are not getting.

Expect a good deal, negotiate hard and judge the quality of your deal based on market value...not list price.
... more
0 votes 3 answers Share Flag
Adam Roth, Real Estate Pro in Milan, NM
Fri Jun 19, 2009
Adam Roth answered:
Yes, New Mexico has the MFA which provides assistance to home buyers who are low-income, disabled, or public servants.
0 votes 2 answers Share Flag
The Michael…, Real Estate Pro in Gurnee, IL
Thu Jun 18, 2009
The Michael Lescher Team answered:
The Government has authorized the use of the $8,000 tax credit at the closing table (on FHA loans) for down payment and closing costs. Each lender now needs to to put the mechanics in place. Some have, some have not. You'll want to work with someone who is up to speed on this. ... more
0 votes 3 answers Share Flag
Edward J. Pl…,  in Carol Stream, IL
Sun May 31, 2009
Edward J. Plaskacz answered:
Hi Hotlips,
You sound like someone who has been disappointed by real estate agents in the past. I am sorry to hear that. An MLS is indeed private and owned by real estate professionals. It is the most reliable source of information in the industry. Every member agent has the right and responsibility to maintain its accuracy and integrity. What the public does not realize is that real estate professionals built the MLS and pay for its upkeep and maintenance. Homes are listed in the MLS after the owner enters into an agency agreement with a member broker and agrees to hire a real estate professional to market and sell the home. Discount brokers who belong to the MLS are also able to input their listings.
Problems arise because consumers simply don't understand agency. With discount brokers consumers assume that they will get the same level of marketing exposure as they would with one of the larger reputable firms. In most cases, that simply is not true. It costs more money to provide better service. Discount brokers charge less and therefore will spend less to market and sell a listing. All businesses exist to be profitable. To be profitable with a lower revenue means that your costs must also be lower. Builders make the choice about whether or not to list their homes in the MLS. In a good market, most prefer to hire their own sales staff. I get emails from builders with whom I have registered about new developments and price incentives frequently. I readily share that information with clients. Bank-owned properties also appear in the MLS once the bank chooses to work with a member broker. These days, both banks and builders are turning to real estate professionals for help. A buyer's agent should be able to help you find new construction and bank owned properties in your area of interest.
Anyone contemplating the purchase of real estate needs to hire a good ethical buyer's agent. A good ethical real estate agent is NOT a used-house salesperson. As a buyer's agent, it is my policy to disclose to my buyers everything I can about a listing. For me, the complete marketing history is one mouse click away. I can tell them the complete price history. However, I have to warn you. People read far more into that information than is actually there. Whether a listing is overpriced or underpriced hinges on that specific home and what comparable homes in that area have sold for recently. Buyers should alway ask their agent for the comps. Whether a seller is desperate or not hinges on their individual financial circumstances, not market time. Being on the market a long time does not mean that there is something "wrong" with the house. It could have just been pricing and inadequate marketing. As a buyer's agent, I always try to identify all homes currently available in my buyer's area of interest and price range, regardless of commission.

Ed Plaskacz
Prudential Starck Realtors
AskEdAboutRE@hotmail.com
630-561-0885
... more
0 votes 8 answers Share Flag
Hotlips, Both Buyer and Seller in Beverly Hills, CA
Sun May 31, 2009
Hotlips answered:
Realtors try to create the false impression of a hot market by deliberately "underpricing" a house. Say a seller's agent knows that house will probably go for $400,000. He places ads asking $300,000 instead. (Bait-and-switch is illegal when selling toasters, but apparently not when selling houses.) The goal is to first of all prevent buyers from knowing what a realistic price is, and secondly to get buyers to blindly bid against each other. There are four players in this game and three of them are against the buyer -- the seller, the seller's agent, and the buyer's agent. Yes, the buyer's own agent works against the buyer, because there is no commission if there is no sale. There's a saying in Las Vegas: "There's a patsy in every game, and if you don't know who the patsy is, you're it." ... more
0 votes 5 answers Share Flag
Kathy Diegel, Real Estate Pro in Elgin, IL
Mon Feb 23, 2009
Kathy Diegel answered:
Sites like Trulia or Realtor.com do not give you up to date information on what's available. The only way to get an up to date list of homes is through the MLS. Most realtors have you register your personal information on their website before they let you search the MLS. With my site there is no registration. If you ever have any questions on a home you find on my site I'd be happy to help you. I actually have a live chat on my web site so it makes it very convenient for you to ask questions via instant messaging as well.

Kathy Diegel
Coldwell Banker
... more
0 votes 5 answers Share Flag
Mark Christe…, Real Estate Pro in Arlington Heights, IL
Wed Nov 19, 2008
Mark Christensen answered:
I am going to assume that you found out about the elevated radon levels by having your own testing done. I am also going to assume that you have been in consultation with both your attorney and real estate agent on this matter. If these assumptions are incorrect, my comments will not apply.

The normal means of remediation is to establish a series of blowers and ducting to exhaust the radon through the structures roof to the outside. The cost to do this work will be several thousand dollars and will be dependent upon the size of the structure.

The sticky wicket in this program is that you indicated that this is a condominium, which means you will also be dealing with the rules of an association to complete the work.

I have included the EPA website that will provide you with additional information on EPA approved vendors to do the work as well as zone maps of potential radon levels throughout the state.

I hope that this has helped.
... more
1 vote 3 answers Share Flag
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