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Market Conditions in Chicago : Real Estate Advice

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  • Home Buying1K
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Activity 297
Tue Apr 14, 2015
Mark Zatz answered:
If you can be specific with an area and what type of property, I would be happy to send you some data and statistics..
0 votes 4 answers Share Flag
Fri Mar 27, 2015
Jack Schlenk answered:
Cleaning my desk I found Pitfalls & Possibilities by Lynn Madison 9 pages "NEGOTIATION"
Highlights:
Negotiating Starts before an Offer is Made
What Makes a Good Negotiator?
Setting Expectations
Prepare Your Clients
Counter in writing
Know the Rules
Reo's
Standard of Practice 1-6, 1-7, 3-6, 1-13,1-15, 3-4,
Listing Not in MLS
Multiple Offers, What can buyers do? What can you do?
Using an Escalation Clause
Tips on using an escalation clause in you offer
A few final thoughts

Get a copy of Pitfalls & Possibilities the data will help you.
... more
0 votes 20 answers Share Flag
Wed Mar 25, 2015
Noah Seidenberg answered:
There are so many questions to be answered. You need to talk to a lender or mortgage broker.
0 votes 2 answers Share Flag
Tue Mar 24, 2015
Matt Laricy answered:
The best way to find out about different types of financing is to speak to a lender.
0 votes 3 answers Share Flag
Thu Mar 19, 2015
Noah Seidenberg answered:
3750 N LAKE SHORE DR 2D had a HOA of $1,341 but that includes property taxes too, it's a CO-OP. If you want more info please feel free to contact me, I know that area and building.
Thanks ... more
0 votes 1 answer Share Flag
Wed Mar 18, 2015
Mike Opyd answered:
As Realtors we can comment on if areas are good or not. Prices are going to be going up for a while. The market always goes up and down so at some point we'll see it come down. The foreclosure market is almost non-existent at this point. ... more
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Thu Mar 12, 2015
Noah Seidenberg answered:
Just check out the local police departments police reports and look online for their incident reports. You make your own decision from this
1 vote 10 answers Share Flag
Thu Mar 12, 2015
Noah Seidenberg answered:
Unrealistic Craig. Once someone buys the property you can't stop them from changing it. I admire your feelings in protecting something so special but how can you make that part of the contract. I don't think you can unless it is a historic landmark.
I wish all the best to you.
... more
0 votes 5 answers Share Flag
Tue Mar 10, 2015
Noah Seidenberg answered:
It depends on if the property is priced correctly. If so I would say at least 3 to 5 in a 7 day week.
Hope this helps
0 votes 5 answers Share Flag
Tue Mar 10, 2015
Noah Seidenberg answered:
As of today it has been on the market for 61 days
0 votes 1 answer Share Flag
Sat Mar 7, 2015
Bob Brandt answered:
All the Realtor programs like RPR, FIND, REALIST and functions in the MLS are truly amazing, instead of the often wrong consumer sites, like Zillow.
0 votes 1 answer Share Flag
Fri Feb 27, 2015
Mark Malave answered:
13% in one year is unrealistic. The 5.9% might be a little low for your area, so try to negotiate something with them. If you are good tenant, they will want to keep you.
0 votes 6 answers Share Flag
Fri Feb 27, 2015
Mark Malave answered:
What exactly are you asking Jesse?
0 votes 1 answer Share Flag
Wed Feb 25, 2015
Mark Zatz answered:
I believe they have. I would be happy to provide you market statistics over the last few years.
Contact me via phone or email.

Mark Zatz
630-669-9532
0 votes 2 answers Share Flag
Thu Jan 29, 2015
Matt Laricy answered:
Its tough to give you an estimate on the property without seeing it. Have your Realtor give you a CMA. You can also say for 17-19 about 3% increase in each year.
0 votes 3 answers Share Flag
Tue Jan 27, 2015
Matt Laricy answered:
This is not on the market but you could be held liable for 6 months back payments on foreclosures. Have your agent call the association up to see how it is financially speaking as well.
0 votes 3 answers Share Flag
Wed Jan 14, 2015
Mike Opyd answered:
Nothing available in this building right now. Small building so not likely to have many resale opportunities. Plus prices were much higher than this range. Wellover a million.
0 votes 13 answers Share Flag
Fri Jan 9, 2015
Mark Zatz answered:
I would suggest to look on the chicago police website and review the specific areas you are looking at. Talking to local residents and or other professionals can also be helpful.
0 votes 3 answers Share Flag
Fri Jan 9, 2015
Mark Zatz answered:
Sounds to me like a decent deal within the range of current market conditions.
0 votes 2 answers Share Flag
Thu Jan 8, 2015
Jeff Nobleza answered:
You should probably offer compensation for this sort of information. A knowledgeable individual would have to put some effort and have a certain skill set to gather the information that you want.

Jeff Nobleza
Baird & Warner
... more
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