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Gurnee : Real Estate Advice

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  • Local Info2
  • Home Buying9
  • Home Selling3
  • Market Conditions2

Activity 44
Kim Benedict, Real Estate Pro in Overland Park, KS
Fri Feb 28, 2014
Kim Benedict answered:
Find an agent that can help. If theres nothing on MLS that takes sec 8 look on Sec 8 website and some of the internet websites that list rentals. Its up to the owner of the property along with the property being qualified to accommodate Sec 8 applicants which is a timely and expansive process to go through. ... more
0 votes 2 answers Share Flag
mommytipsand…, Renter in Gurnee, IL
Fri Feb 14, 2014
mommytipsandrecipes answered:
John Walin, Real Estate Pro in Libertyville, IL
Tue Feb 11, 2014
John Walin answered:
Scott's absolutely correct. Many hoa's want to attain FHA approval and non owner occupants affect that eligibility. One way to rent is to create a land contract with option to purchase after rental, and have the understanding with the tenant that you will not exercise the sale component of that contract. A two year lease with a crazy high price two years hence, That way the condo won't appraise out for a mortgage and the sale falls through..

Talk to attorney to write it up properly to protect your interests and avoid HOA coming after you.
I sold a condo listing I had in pembrook 2, gurnee last November, no rentals in there, but ok in pembrook 1.

If you like my answer, thumbs up and best answer me, thanks!
... more
0 votes 3 answers Share Flag
Lisa Schade, Real Estate Pro in Libertyville, IL
Tue Jan 7, 2014
Lisa Schade answered:
Hi Uma Ram-
Everyone here has answered questions about the Woodland School District, and while they are both correct, There are four, Primary, elementary, intermediate and middle, it would also mean that there are 3.

However, it appears that your question is pertaining to relevance of 101 Woodlake, the apartment complex on 21.

This complex is in District 56. Which is also a Gurnee School district.

Please let me know if you would like to discuss this further.

Lisa Schade
847-557-8593
Lisa@MadewithSchade.com

Re/Max Suburban
1344 S. Milwaukee Ave,
Libertyville, IL 60048
... more
0 votes 3 answers Share Flag
Michael Petr…, Real Estate Pro in Omaha, NE
Wed Sep 25, 2013
Michael Petrovich answered:
Payment on a $60,000 loan at today's 15 year rate of approximately 3.5% (this will depend on several factors like credit and down payment) is $428.92. At a rate of 3.625% it is $432.62. At 3.75% it is 436.33. On a small loan the rate is not going to change the payment that much. This does not factor in taxes and insurance. It also does not factor in PMI. If you are putting down less than 20% you will have monthly PMI. This also depends on credit and the amount you are putting down. Some lenders offer Upfront PMI. Rather than pay PMI monthly you pay a lump sum at closing to have the monthly fee waived. If you plan on being in the house more than about 3 years it will work out to your advantage. ... more
0 votes 3 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sun Aug 18, 2013
John Walin answered:
Hi
How long will you be stationed at Great Lakes? I don't think it makes sense to buy if you are stationed here less than 3 years. New construction Volo is pretty far west, and builders nowadays do not build spec houses so you have a 6 month building time, short term rentals are rare and charge a premium. Do your own research on school districts, if that is a factor. My vote is Gurnee resale and with VA loans the best deal going if you have a VA certificate of eligibility in hand.
My son ETS last year from active duty Army, I work a lot with service personnel, call, text or email me if you want to discuss options.
Thumbs up me and best answer if you like my response.
Thanks!!

John Walin
Trulia PRO VIP
Coldwell Banker
847 276-0120 mobile/text
john.walin@cbexchange.com
... more
0 votes 5 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Thu Jun 6, 2013
John Walin answered:
Deborah is right!
the first stage for a bank is to record a notice of default with the county. Plus illinois has a long redemption period for the owner to become current with mortgage. ... more
0 votes 10 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sun Mar 31, 2013
John Walin answered:
short answer is no.................great over answered answer Don!
0 votes 8 answers Share Flag
Greg Zaccagni,  in Illinois
Sun Mar 31, 2013
Greg Zaccagni asked:
and customer service would be greatly appreciated!
http://www.richmondamerican.com/Default.htm
0 votes 0 Answers Share Flag
Dan Chase, Home Buyer in Texas City, TX
Sun Mar 31, 2013
Dan Chase answered:
And to think all this time I thought it was selling a low ceiling house to a midget. <oops>
0 votes 4 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sun Mar 31, 2013
John Walin answered:
John Walin, Real Estate Pro in Libertyville, IL
Sun Mar 31, 2013
John Walin answered:
John Walin, Real Estate Pro in Libertyville, IL
Sun Mar 17, 2013
John Walin answered:
i had a presentation at an office sales meeting one month ago where we were pitched on this investor group that buys REO foreclosures, improves the property and streamlines the rent to own scenario. They only buy in well regarded school districts and have 5 year contract in which at any time you can do the buy out option at a predetermined price. i beleive it had a 5% escalation every year so there is incentive to buy it at your earliest convenience, but you can treat it as a straight rental or exercise the option. I can check to see what they have going on in Gurnee. Plus if they know they have an interested party, they will act as the buyer on the house you like and rent it back to you.

Before the presentation never heard of such a thing and would have agreed with other agents, that rent to own on a case by case basis is hard, seller has no incentive and seller not sohisticated as to figure out what to price it at for a future 1-5 years hence. They are doing this in Las Vegas and CA, expanding to IL and most havent heard of them, but seems legit.
... more
0 votes 8 answers Share Flag
Gary Geer, Real Estate Pro in Antioch, IL
Thu Feb 21, 2013
Gary Geer answered:
lornajean46,

Are you still looking for a home in the Gurnee area? Gurnee is one of the areas I specialize in. Sometimes rental listings don't specify if they will accept section 8 housing, but I can always find out if they will. The best part is my service is does not cost you anything as a potential tenant in most cases. Get all the most recent and updated information daily on rental listings. I also offer a FREE and without obligation market analysis for anyone who is looking to rent, sell, or buy in Lake and McHenry Counties. Why not get the most current market information to aid you in any decision?

All the best,
Gary Geer
Results Realty USA
... more
0 votes 2 answers Share Flag
Eric L. Bail…,  in Westchester, IL
Mon Oct 29, 2012
Eric L. Bailey answered:
Hi Stephanie:

I have two properties that would fit your needs. Please send me your email address or give me a call at 708-375-1099.
0 votes 2 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Tue Dec 20, 2011
John Walin answered:
Hi Mrs Snow
Pembrook subdivision might be a good place to consider. Do you have pets or smoke? Both limit owners interest in renting to you. Also, credit score and rental application need to be adequate to stellar.
Call me and I can customize a web page for you to see everything in your targeted monthly rent range under the BR count and pet limitations.
thanks!!
John 847 276-0120
... more
1 vote 4 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Tue Dec 6, 2011
John Walin answered:
John Walin, Real Estate Pro in Libertyville, IL
Fri Sep 16, 2011
John Walin answered:
I get it, you have the default setting on email alerts set to notify you of any new postings. NOTHING we are doing, just look at the alerts button above click on it and uncheck both boxes. Also your profile page and undo any auto notification you inadvertantly checked. ... more
1 vote 4 answers Share Flag
John Walin, Real Estate Pro in Libertyville, IL
Sat Jul 2, 2011
John Walin answered:
WOW this is an old question. Only thing to add that the best answer missed was average numbers are deceiving. Whether avg sold price or avg days on market, those stats are useless as a basis to say where to come in at on a specific property. Some homes sell in 5 days, others sell in 200 days and some never sell making an avg of 156 days on market. ... more
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