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Burr Ridge : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 23
Thu Jan 19, 2017
Alan May answered:
There is no "one" fee that western Chicago agents charge. Each agent/agency charges their fee based on the services they offer.

Contact several agents/agencies and ask what they charge, and what they offer for that fee.

Good luck.
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Fri Aug 5, 2016
Howard Chou asked:
An offer came through that I declined at the same time for less than asking price and also I let my realtor know I may be needing to cancel my listing . I have not yet said definite. Should…
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Thu Jul 21, 2016
Alan May answered:
Some buyers will want shiny new floors, other will appreciate the value of buying their own sweat equity, and allowing them to refinish the floors in the color they want, instead of what you choose. ... more
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Tue Jun 7, 2016
Bob Brandt answered:
There must be something wrong with them since you are asking, so you probably do. They may look a lot nicer when done and people seem to love hardwood floors that look great. Avoid the full shiny gloss finish though. Satin may be best. ... more
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Thu Apr 14, 2016
Wendy Kiang answered:
The commission is usually a percentage of the sale price but a good Realtor's motivation is not to sell just higher price homes, a good Realtor will be concentrating on selling his/her listings regardless of the price. I have been in real estate since 1987, I can tell you honestly that I treat all my listings with the same kind of energy and expertise to make sure that we sell the property.

Condo sales are a bit different because you have association, condo documents and condo rules and regulations to think about. Make sure you go on line to find a real estate company nearby ( doesn't have to be in the same town, but close enough so the Realtor is familiar with the community), and then interview the agent.
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Thu Apr 14, 2016
Kim answered:
I am exactly in the same boat, Joey ! Now that a whole year has gone by ( for you ) are you feeling any better ?
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Tue Nov 10, 2015
UpNest Top Realtors answered:
The only way to get your FSBO home listed on Trulia is to have it listed on the MLS. Only agents have access, but you could also pay for what's called a flat fee listing service if you want to sell by owner (generally not a good idea).

We created UpNest ( to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you.

Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you.

Good luck!
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Mon Dec 30, 2013
William G Stone answered:
Statistically and without viewing your home it is generally worth $1.55 to $1.75M depending upon numerous other factors, including school districts, present and expected real estate taxes and location.
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Fri Dec 27, 2013
Wendy Kiang answered:
I would suggest that you talk to a mortgage person that you can trust first to find out what's the maximum allowable amount for you. and then contact a good Realtor who would make sure that between the mortgage, tax, insurance (PITI) and assessment, you are only looking at the one's you are qualified to look.

Also, recently mortgage underwriters have been tough on condos, most of them want to see good owner occupancy rate, less delinquencies, and the association put in at least 10% of the assessment into the reserve fund.

I am a Realtor who is active in the area, please feel free to reach out if you need further assistance.
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Thu Dec 26, 2013
SD Winfrey answered:
Tue Jul 23, 2013
Karen Berlin asked:
Is this a possibility with Trulia; I would really only need to submit for my local servicing area (Burr Ridge, Oakbrook, Hinsdale, Willowbrook, La Grange and Western Springs, IL. I have…
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Wed Jul 3, 2013
Wendy Kiang answered:
You can find out what the assessed value is, and if your purchase price is substantially less than the assessed value. Take the closing document to the county assessor's office, ask to have the assessed value reduced. ... more
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Thu Jun 27, 2013
Lester S. answered:
Hi Dave, I am a local broker with RE/MAX nearby, feel free to contact me directly using my contact info listed below.....


Lester S.
"Lester the Lister"
RE/MAX 1st
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Tue May 14, 2013
William G Stone answered:
Given the recent sales results it remains clear to me as it was in 2010 that Burr Ridge will outpace Hinsdale. The village is now allowing subdivisions to install video surveillance cameras that can be monitored by the police from the brand new police station. In addition high profile celebrities are moving into Burr Ridge for the reasons I noted in 2010. ... more
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Sat Mar 23, 2013
Edith Karoline Jasser answered:
As far as I know there is not transfer stamp i.e. it says N/A, but the seller needs to call the village to
have the final water reading arranged, no matter what the water situation is, call the village with the address to make sure what you need to do, and double check then on the transfer stamps, but I am pretty certain there is none in Burr Ridge..... call 630 654 8181

Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more or
Check out my website at
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
... more
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Fri Mar 15, 2013
Lester S. answered:
Hi Debrah, I have a unique program that opens up a lot more options/access for you in looking for a rental home, as well as offers much more stability in your rental home as many of today's rentals are only available for rent because they can't sell. It could offer you a better option in renting this home or finding others. I won't waste your time and promise this will be worth your while.


Lester S.
RE/MAX 1st
630.207.2532 (cell)
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Sun Jul 15, 2012
Lester S. answered:
that is a question that takes more than an email can answer....the quick answer is there are some programs/grants/non profits that can assist. the first question is, have you sat down face to face with a good mortgage broker to assess your credit worthiness and qualifications for a loan? If not, then this is what you need to do first, before you ask this question. I can only assume from your question that you have no money of your own towards the purchase? If this is the case, or if your available funds are very limited, then again, you need to sit down with a mortgage broker to see what, if anything, you can qualify for and afford. the days of easy money are over! I don't mean to sound flippant, but the internet is not the place you should be going to get this kind of help, you need good advice on loans and good representation to assist in making the right the house you are renting a good value compared to what else is available? is it in your affordability and comfort zones? ... more
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Mon Feb 6, 2012
Evelyn Santiago answered:
Unfortunately, the link to the property did not take so I am unable to identify the property you are interested in viewing. Please feel free to send me an email, your pre-approval or your mother's preapproval if you are getting a mortgage or a proof of funds to buy the property if you are paying cash. Due to today's lending standards this is standard operating procedure before we are able to show you a home.

Sometimes properties are already under contract so if you like I can also send you a list of properties with your specific criteria which you can view on your own webpage.
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Thu Jan 5, 2012
Laura Karambelas answered:
That usually means that the home will not qualify for a Conventional Loan due to the condition or the property not being completed. The home will ONLY be able to be purchased with cash or a rehab loan. ... more
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Thu Oct 28, 2010
Tammy Hayes answered:
Contact an FHA lender to check funding for a particular subdivision.

Let FHA Loans Help You
FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) � which is part of HUD � insures the loan, so your lender can offer you a better deal.
• Low down payments
• Low closing costs
• Easy credit qualifying
What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products � one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.
Ask an FHA lender to tell you more about FHA loan products.
Find an FHA lender
Need advice? Contact a HUD-approved housing counselor or call
(800) 569-4287.
Need help with your downpayment? State and local governments offer programs that can help. Find a program near you.
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