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Champaign : Real Estate Advice

  • All80
  • Local Info9
  • Home Buying26
  • Home Selling3
  • Market Conditions6

Activity 77
Fri Nov 18, 2016
keia foster asked:
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Thu Jun 9, 2016
Jc30692 answered:
I listed my home for sale by owner on the for sale by owner site, paying the additional fee to get it listed on the MLS offering a co-broke commission. However, see my question regarding commission. A lot of buyers are less than upfront with you as a seller or with agents. ... more
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Thu Jun 9, 2016
Jc30692 asked:
I live in IL, listed my home FSBO paying an additional fee to have the home listed in the MLS. I had secured a buyer and had a signed contract in place within 5 days. They reported "NO…
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Wed May 25, 2016
Hhollwedel asked:
Tue May 24, 2016
Jmsryan asked:
Wed May 18, 2016
Frances.marusarz asked:
Tue May 3, 2016
collwaltman2003 asked:
So, I am wondering the correct address for the pictures that are listed with 911 Laura Drive property. The property is very attractive and seemed worth more than the asking price which…
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Sat Mar 12, 2016
Bob Brandt answered:
The 2 companies merged a few months back and they have consolidated services.
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Thu Mar 3, 2016
Pintail asked:
How can I make my search criteria cumulative - for example, I selected "farm/ranch" as search criteria along with a minimum 2-ac. lot size, but the results include urban 'ranch-style'…
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Thu Feb 4, 2016
J answered:
Have you included Google Maps printouts of bus route directions to major points of interest in the area? Showing what it's value is rather than say it's baked in and should be apparent to a viewer is a bit out of left field.

Have you updated your listing photos? Some that still have snow in their photos and it makes me wonder how serious the buyer and his/her agent are at giving shoppers the best set of images for the property.

I've toured some Chambana properties and I'm surprised that a handful have "I don't care about this property" red flags to potential buyers: one or two light bulbs are out, blinds don't pull up/down smoothly and reed replacement, and/or there isn't new carpet (or one that's fresh and was steam cleaned recently. If the seller isn't going to fix simple things like this, it makes potential buyers wonder what else could be wrong or hidden to the untrained eye. Not making small things like that to make it showroom ready is definitely a potential deal breaker.
... more
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Fri Aug 28, 2015
Diana Hellman answered:
Only real estate professionals can post on Trulia. Try Zillow instead.
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Tue Jan 20, 2015
Sandy Thompson Girolami answered:
Some lenders, mine included, will consider a 580 credit score but only with 10% down. Don't know to many that will touch it otherwise. You will pay a much higher interest rate though until your credit score gets to at least 620. Life many have suggested, it might be in your best interest to get your finances in order before you attempt to purchase a home. It will be a lot easier. Underwriting may possibly approve the loan with a 580 Credit score and 10% down but it won't be easy ... more
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Tue Jan 20, 2015
Sandy Thompson Girolami answered:
I would be happy to take a look at your situation. What price range are you looking to purchase in? You do need to show some money in the bank in order to purchase a home.

I would suggest trying to round up 3% of whatever price your looking to purchase in because the underwriter will want to see that in your acct. If you can get some seller credit from the seller which is very common combined with a tax credit which in most of Illinois is pretty hefty. You might only end up needing a few thousand at the closing table. If you don't have at least a few thousand socked away, you probably are not in a position to comfortably purchase a home by yourself.

FHA also allows gifts to be used for down-payments. Its very common for people to get a "gift" from a family member to help with the down payment. Gifts cannot be received in cash, they need to be in the form of a check and verifiable. If you received cash as a gift it needs to sit in the bank for at least 2 months before it will be "seasoned" and allowed.
... more
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Wed Dec 24, 2014
Josh Barnett answered:
Save up for the down payment.
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Tue Oct 28, 2014
Beth Young answered:
You are not required to have one by the state of Illinois. You will want to make sure that you select an attorney who specializes in real estate. In most cases, you are selling one of your largest investments and it involves a buyer. For a residential sale in our area, the cost of the attorney can be $400-$500. The attorney will provide some important services to protect you during the transaction. They will review the contract to ensure that it is valid. They will also order the title search and commitment from the title company. The sellers attorney is responsible for communicating with the bank where the mortgage is held. This is to make certain that the pay off amount is accurate. Your attorney will contact the homeowners associations and other applicable utilities to make certain that the seller receives reimbursement for any dues/fees that are applicable after the home is sold. This is why it is important to use a local attorney where the property is located because they will be familiar with your area and what you may have paid. Your attorney will prepare the deed and any other documents required for closing. They will gather most recent tax information and prepare closing figures for the closing agent. In addition to the duties required prior to closing, your attorney should be be available to communicate with you and your real estate agent before, during and after the closing. They will attend your closing and be present in case an unexpected issue arises. ... more
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Mon Oct 20, 2014
Tammy Hayes answered:
Many counties or cities will have a police department or sheriffs department web site that has crime statistics. Look for one in your area of interest. That is your best resource. Crime mapping web sites are not always as accurate. ... more
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Mon Oct 20, 2014
Mark Waldhoff answered:
Champaign schools have a unique setup so the question of which school will my children attend can't be answered by simply looking at a map.
Here's a link to the Family Information Center for Unit 4 schools. You can find maps of the local schools but more importantly I'd suggest calling the office to get an explanation of the School of Choice program. ... more
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