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Home Buying in Chicago Heights : Real Estate Advice

  • All65
  • Local Info4
  • Home Buying21
  • Home Selling11
  • Market Conditions2

Activity 25
Cecelia Marl…, Real Estate Pro in Chicago, IL
Wed Mar 10, 2010
Cecelia Marlow answered:
Hi Chicagojen,
You are absolutely correct, as are my colleagues, in regards to financing this property. The ideal situation is to leverage your current cash and utilize a 203K rehab loan. This will include the purchase price of the property, as well as, any repairs that need to be completed for the property to be in move in condition. The nice part about the 203K program is that you can also include appliances, making the property more marketable for prospective tenants. If you have further questions, please feel free to contact me, we specialize in 203K Financing.

Cecelia Marlow
Your Home Loan Partners
Pan American Mortgage, LLC
773-782-6000 Direct
877-588-6956 Toll Free
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Rajah Redmond, Real Estate Pro in Frankfort, IL
Wed Feb 17, 2010
Rajah Redmond answered:
Hello David. It looks like you may have your question answered already but I am familiar with the chicago heights are. I am an agent with Meeker Real estate. We primarily focus on short sales and forclosures. You will not have a problem finding a good deal in chicago heights. I owned a rental property there myself. Feel free to contact me with any questions you may have.

Rajah Redmond
cell# 708 415-1452
Web site
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Dorene Slavi…, Real Estate Pro in Torrance, CA
Fri Jul 24, 2009
Dorene Slavitz answered:
Try to buy a small fixer upper home in the very best neighborhood you can afford.
1 vote 2 answers Share Flag
Wayne Beals, Real Estate Pro in Chicago, IL
Sun Jul 20, 2008
Wayne Beals answered:

Lucy is exactly right. You should sit down with a good lender to help you navigate you financing options. The final purchase price will be determined largely by interest rate and down-payment. Once you have determined how much you can afford, a good realtor can get you options.

Email me if you need a lender referral for a pre-approval consult.
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Lucy Perna, Real Estate Pro in Arlington Heights, IL
Wed Jul 16, 2008
Lucy Perna answered:
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