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Lakeview : Real Estate Advice

  • All30
  • Local Info3
  • Home Buying10
  • Home Selling6
  • Market Conditions1

Activity 28
Thu Apr 2, 2015
Noah Seidenberg answered:
You are a little early in looking. These properties will be available 6 weeks out.
Contact me if you want my help.
0 votes 1 answer Share Flag
Sun Mar 29, 2015
Kay Mastandrea answered:
You should take a walk through the neighborhood and get a sense of the community. Stop at a local coffee shop, walk through a park and have a meal at a local restaurant. You can google the area nd learn more. ... more
0 votes 10 answers Share Flag
Thu Feb 26, 2015
Todd Shissler answered:
If you are going to purchase, you should start right away. You can always negotiate the closing date.
0 votes 5 answers Share Flag
Thu Sep 11, 2014
Scott Newman answered:
The best thing to do is look at other comps in your building, and price it accordingly. If your building is highly investor based, then that's who you would want to market too. With that said, I would expect lower offers than the surrounding area. ... more
0 votes 16 answers Share Flag
Sun Sep 7, 2014
Jennifer Fivelsdal answered:
Instead of guessing it would be best to ask the listing agent..
1 vote 4 answers Share Flag
Sat Sep 6, 2014
Christy Starks answered:
A knowledgeable and experienced agent specializing in the area in which your house hunting will be invaluable in your ability to negotiate realistically. There is more to closing the deal than simply identifying the property you wish to own. Myriad issues must be addressed toward a smooth and timely closing and a professional will ensure that this will happen. Good luck! ... more
1 vote 30 answers Share Flag
Thu Aug 14, 2014
Christy Starks answered:
Hi Jeff.....I have had stellar success working with David Painter of Exit Stage Right and highly recommend his service: http://www.beststager.com/

Good luck!

Christy Starks, Broker
Jameson Sotheby's International
... more
0 votes 4 answers Share Flag
Sun Jun 22, 2014
Bryan Hayes answered:
Check out the Lakeview Real Estate Market Report for May 2014. Prices are up and Lakeview has been traditionally a strong market and a solid investment.
http://www.youtube.com/watch?v=YeXUmZNqBdE ... more
0 votes 23 answers Share Flag
Thu Dec 26, 2013
Matt Hoyt answered:
For rent, 45-60 days is the earliest to hit the pavement. Online research I'd say 60 days out for that and getting your financials in order.
0 votes 21 answers Share Flag
Wed Jun 19, 2013
Evelyn S. Fred answered:
Alfred Dynia or Beata Valente
Dynia & Associates, LLC
773-427-1900
realestate@dyniallc.com

Ed Bauman
Top Notch Inspections
847-899-2126
ed@topnotchinspector.com

Super reasonable and exceptional service from both! ... more
0 votes 14 answers Share Flag
Tue Apr 30, 2013
answered:
Good evening Simona,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 10 answers Share Flag
Tue Jan 22, 2013
Accurate Inspections & Consulting answered:
City Code section 34 (13-196-560) From April 15 to November 15
- States essentially all openings from a family unit that goes directly to the outdoors. There are variations and exceptions in the full text though. ... more
0 votes 5 answers Share Flag
Thu Jan 17, 2013
Bill J Deligiannis answered:
If more occupants are added without the knowledge of the landlord then the tenants have likely violated the original lease and subject to any fines and consequences as defined in the lease. ... more
0 votes 5 answers Share Flag
Tue Oct 30, 2012
Rusty Payton answered:
Yes, building a roof deck in Chicago is no easy task and you certainly should be advised about building anything without a permit, design plans, etc. You must also consider whether local zoning will allow what you wish to accomplish. There are many restrictions on size, placement and ingress/egress. Talk with a reputable contractor and get several quotes. Good luck!


Rusty A. Payton, Broker
iMove Chicago
5650 N Broadway
Chicago, Illinois 60660

773-961-8819 [Office]
773-289-0806 [Fax]
773-682-5210 [Mobile]

e. payton@iMoveChicago.com


www.iMoveChicago.com

blog: iMoveBlog.com
... more
0 votes 3 answers Share Flag
Thu Jul 5, 2012
Matt Laricy answered:
Call a leasing agent who has experience working with this sort of thing. There are people who do this that would be able to help. I would search for rental agents in the area.
0 votes 4 answers Share Flag
Sun Apr 22, 2012
Bergspooh answered:
can u send me the info on this Coach House. I have been looking for a Coach House in Southport Corridor with no luck. Thanks, Anne Berger bergspooh@aol.com
0 votes 2 answers Share Flag
Wed Feb 17, 2010
Laura Karambelas answered:
Hi Again- Your best bet for the information regarding the fees for a 95%LTV vs. FHA.... or if it would be better to put more down.... is to call my lender directly. You can send me an email and I can give you his information.

I hope this helps!
... more
0 votes 4 answers Share Flag
Wed Jun 24, 2009
Eileen Romito answered:
For example:

The listing agent enters into an agreement with the seller to sell the home for a 5% commission. If a buyer brings his agent along, the seller pays the 5% commission to the listing agent, who then pays half of that to the buyer's agent . If the buyer does not bring an agent along, the listing agent still gets the entire 5%. The contract has already been signed by the seller that they'll pay 5% to the listing agent.

In rare cases, the listing agent may agree to reduce their 5% commission to, say, 4% or so when they are taking on both sides of the deal. But this is NOT always the case and in fact many brokers have a policy that will not allow this to be done. Keep in mind that when the listing agent is handling both the seller and buyer side of the deal, they are doing twice the work! Therefore they usually require twice the compensation.

Good luck but I do always recommend that you use a buyer's agent when purchasing - it doesn't cost you anything out of pocket. What you THINK you may be saving (assuming the listing agent reduces their commission) is easily recouped by a using a buyer's agent who is a strong negotiator and can get you an even lower price.
... more
0 votes 23 answers Share Flag
Tue Feb 3, 2009
Jim Gramata answered:
Bart--beware of the optimism....

Case/Schiller is an excellent analysis of market trends and the current bell curve correction in the market is incredible but remember it is for the metro Chicago area which includes Naperville and Joliet. That is a huge region of real estate.

Lakeview has been and continues to be a bullish investment market even in light of the data below. You really need to 'drill down' into the market stats but look at last quarters summary. In other words, I would make the same trend analysis for whatever property type you are considering and see how that is trending over the past 36 months. That will give you a much better idea of the local market than C/S or my summary.

This was a post I made on Trulia a few weeks ago:

Total condos and townhomes units sold in Chicago's Lakeview neighborhood were down 37% with 245 units sold in the fourth quarter, 2008 compared with 391 units sold in the fourth quarter, 2007. The median sales prices were down 9% to $315.000 from $347,000 in 2007 4Q and the average condo and townhome prices were down 36% in 2008 to $241,592 compared with $376,131 in 2007. Average market time was up 9% to 104 days. (Data from the local MLS)

Listen to the local professionals and look at the real numbers when trying to make sense of today's real estate market and your local micro-real estate economy. Even these numbers cannot be read on face value. Drill downs are required!

For more information and a Chicago Home Buzz market report visit www.ChicagoHomeBuzz.com where this data will be available soon.

Here is my previous Trulia post on Lakeview...

http://www.trulia.com/blog/jim_gramata/2009/01/lakeview_chicago_condost
... more
0 votes 4 answers Share Flag
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