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Galena : Real Estate Advice

  • All31
  • Local Info1
  • Home Buying7
  • Home Selling3
  • Market Conditions2

Activity 23
Fri May 8, 2015
Lisa asked:
Mon Dec 8, 2014
Bob Brandt answered:
Only a more detailed search system like the Realtor MLS would eliminate, add or rubberband around a certain area you want or do not want.
You can make a new local Galena Realtor friend and ask them to set it up for you. Maybe they have some good coffee in their office too. Win, Win, Win.....
The Galena area is beautiful and I hope you enjoy it there.
... more
0 votes 1 answer Share Flag
Sun Dec 7, 2014
Coyotefarms answered:
Why is this not answered by one of the salespeople who hope to sell these properties?? If we buy in the Galena Territory I will insist that all such charges be disclosed as a prior condition of any sales contract. The actual charges enter into the price negotiation in my mind, This is about the cost of living in that residence. ... more
0 votes 3 answers Share Flag
Sun Jun 15, 2014
kokomuncie answered:
Hi Raj,

Don't know if you've already bought a house, but we have a FSBO in the low 100's. It is a 4 bed/2 bath and comfortably sleeps 10. Does need updating.

Let me know if you are interested,
Cindy 630-484-1231
... more
0 votes 3 answers Share Flag
Sat Jan 25, 2014
Bob Brandt answered:
The home you picked out is a Fannie Mae foreclosure. You may want to call your local Galena Realtor and ask them their opinion on the current and future market in the beautiful, scenic and historic town of Galena. ... more
1 vote 1 answer Share Flag
Tue Jul 16, 2013
Taxes are deemed by property value and due in arrears on Illinois property.

Mike Decman Envoy Loan Analyst
0 votes 2 answers Share Flag
Tue Feb 12, 2013
lgoeins answered:
The advantage would have to 1.) it's renewable 2.) it is a comparatively less pollution gathering energy
The disadvantage would have to be that t provides less energy per unit than materials like coal ... more
0 votes 4 answers Share Flag
Fri Dec 28, 2012
Debbie Wolcott answered:
Because IL property taxes are quite high. I'd buy this house if it wasn't for 11,000.00 in property taxes. I use to live in the area and we were transferred to OK. Now, at retirement I'd like to go back. Price of the house is fair it is the property taxes that keep me from it. Still thinking though, got to admit that area is beautiful. ... more
1 vote 2 answers Share Flag
Tue Dec 18, 2012
Edith Karoline Jasser answered:
I am one of the Realtors encouraging Buyers to be careful.....
I know that home prices are low and interest rates are low, so in general a good time to buy property.

But I always always advise my client buyers to sit down with a reputable lender to explore what their
options are, i.e. what kind of loan, for how much borrowed money, then to consider their closing costs
or how to get them paid by the Seller, and then look at their monthly expenditure when owning the home

monthly loan payment
taxes per month
insurance per month
electric bill
gas bill
water bill
repairs money put aside every month for repairs new water heater, new A/C etc.

Then deduct your other monthly expenses like food, car insurance repair and gas
clothing and entertainment (like cable, movies etc.)
and cell phones

Is there anything left or do you not have enough money at the end of each month?

Furthermore what happens if for bad luck you lose your job, do you have a reserve of
money that can carry you through a few months until you find another job?

Just be careful before jumping into it, make sure a good Realtor and Lender will put
honest and straightforward numbers in front of you, and then take some time to think
about it.

Sometimes waiting a little like a year and save some money, is a smart move.

Let me know if you need a Galena area lender and Realtor to start discussing it.

Good luck to you.

Hope this helps...

Most Sincerely yours,
Edith YourRealtor4Life and your Chicago and Northern Illinois
and RElocation Expert
Working always in the very BEST interest of her clients
at @Properties North Shore
Edith speaks French, German, Spanish & more
Get to know Edith and her Service her website is
... more
0 votes 4 answers Share Flag
Wed Jun 13, 2012
Marco Gomez & The Reach Team answered:
Your best bet is to ask each loan officer how many VA loans each has closed and ask for references from past borrowers. The biggest reason for doing this is that you want to make sure the Loan officer is extremely familiar with the VA process. ... more
0 votes 1 answer Share Flag
Tue May 22, 2012
Ray Oczak answered:
Real estate values in the Galena Territory will begin to appreciate as fast and if not faster than the residential properties in the Midwest. There are 16 million people living within 150 miles of Eagle Ridge. Within a 2.5 hour drive, can you name a golf course or resort community with more amenities or attractions? Invest and enjoy the following attractions:

1) 63 Holes of Championship Golf
2) Lake Galena - Stocked with fish yearly
3) Shenandoah Riding Stables
4) $6 GTA million pool & fitness center
4) Chestnut Mountain Ski Resort
5) Downtown Historical Galena
6) Dubuque Gambling - 2 Casinos within 25 minutes
7) Boating on the Mississippi River - 20 minutes away
8) Beautiful Rolling Hills & Woods - Unique for Illinois
... more
0 votes 2 answers Share Flag
Wed Apr 11, 2012
Jan Alderman asked:
Interest in a building that hasnt been assessed in 3 years, zoned both commercial/residental.
0 votes 0 Answers Share Flag
Sat Feb 11, 2012
Jim Cox answered:
Sue: I am a real estate agent in Galena. For some reason this website often states that the heating system is wood. I think what they are referring to is the fireplace (as opposed to gas). I don't know why this is happening but thanks for pointing it out. I'll check my listings and get that corrected. Let me know what houses you are interested in and I will let you know what type of heating system it has. ... more
0 votes 3 answers Share Flag
Tue Jan 24, 2012
Robby: Can you provide a bit more information on your needs? What kind of home are you looking for ... rooms? Size? Amenities? In town ... or would you drive a distance?? That might help in your search ...
... more
0 votes 1 answer Share Flag
Tue Nov 29, 2011
Carlos Herrera answered:
Hey Jackie,

I am not sure how things have changed in the last few years in your state, but the best recommendation here in Florida is to sign up for the BPO class that most real estate school are offering. It's less than $200 and very comprehensive info is given to completing BPO's to conform to the current market and standards.
I don't want to seem like a spammer because I am NOT and don't like spam myself. So I'll throw this out there. A few years ago a business partner and I wrote an ebook about short sales and sold quite a bit. Point is, we also created a short BPO report that we included with the ebook and it included a large list of BPO contacts we made throughout some time. Although some of the info may be a few years dated, I can't imagine all of these companies not working BPO's. I have been giving away this report for free as a thanks for joining my blog plus all the good value info I offer in the blog. I'm sending it off to anyone that has followed the blog for real estate agents I post on daily. Since I don't want this to be taken as spam, I would be glad to send it your way whether you follow my blog or not. :) Shoot me an email! :))
... more
0 votes 1 answer Share Flag
Fri May 13, 2011
Anthony Cavalea IV answered:
Your Main Variables = Price, Location, Condition, Exposure (marketing)

Location you can't change. Condition is probably good since your house is fairly new.

And the fact that your original price is so close to your current price as a short sale makes me think your price isn't low enough. Short sales are worth less for 2 reasons: 1) The buyer expects (and deserves) a discount just for having to deal with the short sale. 2) Short sellers don't get to walk away with anything anyways so they have little motivation to keep the price high.

90% of marketing is just having your home on the MLS. If your home is on the MLS, there are little things you/your agent can do, but they won't likely be the catalyst that sells the house. If your home isn't in the MLS, get an agent to put it in there ASAP.

Like Deva said below, you may want to consider renting out your home since rentals are in high demand in many areas right now.
... more
0 votes 2 answers Share Flag
Sat Dec 25, 2010
Ruth and Perry Mistry answered:
Hi Ace:

Call a local Realtor that will be your best bet, every other site needs subscription
and costs money.

Happy Holidays.
0 votes 2 answers Share Flag
Thu Jul 29, 2010
Amy OBannon answered:
If you have a buyer don't wait around. It might be a while before you get another one.
0 votes 9 answers Share Flag
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