Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Chicago : Real Estate Advice

  • All5K
  • Local Info378
  • Home Buying1K
  • Home Selling273
  • Market Conditions100

Activity 6,461
Wed Nov 1, 2017
Frank S. answered:
Hello Tanyawelch, you should study RENT vs BUY listing and compare payments and qualifications. The rentals in 60639 start from $750 for 1bd 1ba apt, from $800 for 2bd 1ba condo and the single family homes start from $1,890 for 5bd 2ba home. You may be asked for additional deposit.

The purchase in 60639 start from 70k for 1bd 1ba condo, from 100k for 3bd 1b condo and the single family homes start from 87k for 2bd 1ba home. You may qualify to buy and pay about the same payment as rent.

Your eviction can be removed in 3-4 days once you have it straightened out and paid and recorded. You may qualify to buy if you are in payments for three months or paid in full.

Check out the web reference link below...
... more
0 votes 1 answer Share Flag
Wed Nov 1, 2017
Kathy Burgreen answered:
I’m a former realtor and VP of my HOA in the New York City area. I understand your anger but you need to learn the HOA’s side of the story. We get the same issues from owners in our condo, so you’re not the only one.
There are 2 main issues: HOA’s are under pressure from lenders regarding rented vs. owner occupancy in condo’s. Mortgage lenders analyze financial documents of condos and refuse to give buyers financing if the financial documents state there is a 20% or higher rental rate in the building. More than 20% is too risky for lenders. When owners in your building want to sell, they rely on lenders viewing your building as below 20% tenant occupied. If your next door neighbor can’t sell their unit because you’re renting yours, that neighbor will fight you and either complain to the HOA or take you to court. Obviously, complaining to the HOA is free while a lawsuit is $$$$.

It’s possible your tenants are disrupting the neighbors, violating House rules, etc. Therefore, your neighbors may have complained to the HOA.

When owning a condo and living in a HOA community, you need to know that building residents LOVE to gossip and/or complain to the HOA. I hear all of the BS in my building too. In your situation, you need to contact the HOA and ask them what the specific reason why you can’t rent anymore. PRAY that it’s because of the first one - not the second reason. The first reason is a lot easier to deal with than a disruptive tenant. There could be a 3rd reason that I didn’t mention, but the two I mentioned are the most common.
... more
0 votes 1 answer Share Flag
Wed Nov 1, 2017
Nino Mebke asked:
Mon Oct 30, 2017
Jeffrey Nobleza answered:
I'm not an attorney and don't know the whole story here. But yes, you still have to file for eviction. Only a sheriff in Cook County can evict someone regardless who has ownership. Ownership does not equal possession necessarily.

Jeff Nobleza
Baird and Warner Real Estate
... more
0 votes 1 answer Share Flag
Mon Oct 30, 2017
Jeffrey Nobleza answered:
Obviously different folks may all have different "answers" and opinions to your question.

I am of the opinion that you should focus on which township/city you would like to live in as a priority. Are schools a priority to you? How much space do you need? Do you prefer to be close to shopping and major highways? Keep in mind that real estate taxes in many of these places may vary widely. (For a $520K ish home in Naperville I found taxes to be $11K / a smaller sized home in Buffalo Grove had $16.6K in taxes and a similar sized home in Roselle to have $5.5K in taxes). In addition, many folks find it easier to switch jobs instead of switching homes, is there a chance you move here and switch to a different job?

Feel free to reach out to me if you would like to explore this further. I'm from Lisle originally so I am familiar with the immediate areas around it (Lisle, Naperville, Downers Grove). I have sold in Addison and Arlington Heights- my wife and I are looking in Arlington Heights so I can give you some insight here too.

Jeff Nobleza
Baird & Warner Real Estate
... more
0 votes 2 answers Share Flag
Sun Oct 29, 2017
Cleo Moss answered:
Hello my name is Cleo I live in Cincinnati, Ohio and raising two young men,I'm a full time college student, full- time job and mother, I have a section 8 voucher and tired of staying in high crime areas. Could anyone with any information help me gain a quiet, peaceful neighborhood or landlord whom is willing to rent to a great tenant like myself whom doesn't engage in a lot of company and no drugs. Thank- you ... more
0 votes 15 answers Share Flag
Sun Oct 29, 2017
Jesu49 answered:
I would think NYC. But Googling it would be more beneficial.
0 votes 17 answers Share Flag
Sun Oct 29, 2017
Jenifer Kynor, TurboTenant answered:
Open-ended questions are very important. Try to get to know your tenant while also understanding financial situations. You need to know income, more about their at job, credit score, etc. You always want to know background and criminal history (hopefully none).

Call the previous landlord. Ask if they were ever late on rent, how they left the condition of their home, any damages, and IF YOU WOULD RENT TO THEM AGAIN. If they say no, that is a huge red flag.

For work, verify they work there and their income. Make sure you see what their management thinks of their character. Are they a problem at work?

The goal of all of this is to make sure they are financially able to rent your home and second if you WANT them to. Will they be responsible, neat and tidy? Or a nuisance, disrespectful and messy.

Use your best judgement. If you have a valid reason to not rent to them and you are not comfortable, don't.
... more
0 votes 28 answers Share Flag
Sat Oct 28, 2017
H_donna19 answered:
Have house under roof but need to finish the inside and outside. How do I do that
0 votes 9 answers Share Flag
Fri Oct 27, 2017
stepehnsiva answered:
Hello

Are you a business man or woman? Are you in any financial stress or do you need funds to start up your own business? Do you have a low credit score and you are finding it hard to obtain a loan from local banks and other financial institutes?

a) Personal Loan, Business Expansion.

b) Business Start-up and Education.

c) Debt Consolidation.

d) Hard Money Loans.

Our method offers you the chance to state the amount of loan needed and also the duration you can afford to complete the loan repayment with an interest rate of 3%. This gives you a real chance to get the funds you need. if you are Interested email us today at : ukriaineloancompany@gmail.com
... more
0 votes 4 answers Share Flag
Thu Oct 26, 2017
L byron-doran answered:
Assessments at condo buildings in the downtown area vary greatly.
There are a couple buildings in River North that offer low HOA's but the buildings have no amenities or low amenities. No doorman or just doorman on weekends/ no fitness center/ both buildings have extensive security even though no doorman.
Two of the building that come to mind are 33 West Huron and 630 N. Franklin St.
Both buildings have a full time engineer and staff that serve as a quasi security during the day.
Both buildings have gated/secured access to the building.
East bank Club is such a nice gym and so close that some residents do not mind living in a River North building with no gym and they save a lot of money on the low HOA's.
... more
0 votes 6 answers Share Flag
Mon Oct 23, 2017
Jeff Nobleza answered:
If you engage the right real estate agent and attorney to do a short sale, they should not charge you for their advice. Feel free to contact me via private message or google me (trulia doesn't allow me to put my contact info in these responses).

Jeff Nobleza
Baird and Warner Real Estate
... more
0 votes 1 answer Share Flag
Mon Oct 23, 2017
Jeff Nobleza answered:
Paul,
I'd be happy to help. I own a small portfolio of properties myself.

Trulia.com does not allow me to put my contact info in our responses, please private message or google me.


Jeff Nobleza
Baird & Warner Real Estate
... more
0 votes 1 answer Share Flag
Mon Oct 23, 2017
Mary answered:
Hi,

We have closed your Trulia profile as you requested. Please allow up to 1 week for our emails to stop completely.

Thank you for using Trulia!

Mary
Consumer Care Advocate

Contact Us: http://www.trulia.com/help/ask/
Help Center: https://support.trulia.com/hc/en-us
... more
0 votes 1 answer Share Flag
Sat Oct 21, 2017
Kathy Burgreen answered:
Yes you can have the title changed to your name and file it with the county. More important to you is make sure the HOA fee is paid on time every month. If you fail to pay, the HOA can legally foreclose on your condo. ... more
1 vote 1 answer Share Flag
Thu Oct 19, 2017
Josephine Wang answered:
I have one bedroom plus one den apartment in Roscoe Village, $1250 per month, pet friendly.

my cell number 312 7213953
0 votes 2 answers Share Flag
Wed Oct 18, 2017
Frank S. answered:
Hello Sarah, yes sure no problem as long as your BK is two years from the discharge date. You would need a minimum 580 fico score for a cash out FHA refinance so you are good. Check the web reference below... ... more
0 votes 1 answer Share Flag
Wed Oct 18, 2017
April Y. Chang answered:
A very old discussion, 10 years ago! Like this question so much that I'd like to give my 2 cents.

My take is to go with your instinct. You are right on, if after all the effort you try to paint a realistic picture for the seller in the listing presentation, still not listening, then the seller doesn't want to sell regardless what he/she said. That's disingenuous. Yes, it's not worth the effort and you won't be able to help eventually, because it's almost impossible to get a buyer to pay for an overpriced property, the chance is slim. We are not talking about a little overpriced, I believe we are talking about WAY overpriced. It's like gambling, and the odds are not on seller's side. How many gambler wins overall, right? Do we want to be a part of it when we can find something more productive to work at?

Good point to have it in writing to get price reduced, set expectation in writing. However, I doubt that he may agree if he's 'hard-headed', you may not get his listing at all. He may just move on to another realtor who may agree to gamble with him, at the realtor's expenses. The bright side is, at least, you know from the the get-go, and you choose not to play his game.

Be honest, if it's yours, it will come back to you; call a spade a spade. There's no way, if he/she is 'hard-headed', from my experience, to 'persuade' him/her. Motivated sellers don't argue with agents given the right data/facts, it's an argument you may never win.

Sellers with this mindset don't need realtors, they can sell it on their own and eventually sell for less. FSBO sells 10% less than properties listed with realtors, in average, and this national data is trending up as we speak. Guess what, some sellers don't realize the value to have a good realtor on their side, and some may even think they know better, no, they don't, but in denial. Hey, if that makes them happy to not realize it, so be it. It's some sellers' choice, no offense. We as realtors have mission to go out to help those who sincerely would like to work with us and make sales happen.

Patti, you've given all you can, kudos to you trying to help him! We've all been there or run into one occasionally, we learn and we move on for good.

My short answer is to 'try' our best to present the market price, be prepared to walk away if we can't agreed on a realistic strategy, may as well put a clause to get reimbursement on marketing expenses spent. A motivated seller would agree to sign, if not, he/she knows it's not going to sell, why bother to get that listing that will expire?
... more
0 votes 41 answers Share Flag
Sun Oct 15, 2017
Sarah Johnson asked:
I have been living in a Wicker Park basement unit since August. Ever since I've moved in, we've encountered numerous problems. The kitchen sink has backed up into the shower now twice, the…
0 votes 0 Answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search

Followers

963