Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Lombard : Real Estate Advice

  • All78
  • Local Info8
  • Home Buying17
  • Home Selling6
  • Market Conditions3

Activity 20
Fri Sep 23, 2016
Everettarchuleta answered:
I agree with above answers. These are the important thing. Furniture also attracts buyers. I think front door and other doors are one of the main things. You can give it an attractive look by changing door knobs and handles. Vintage metal printing door knobs can give a unique look. Copper knobs are also available at affordable prices. ... more
0 votes 11 answers Share Flag
Fri Jan 8, 2016
Harjeet Bhatti answered:
First step would be to talk with your choice of lender. If your lender sees any problem in your credit or other issues they can prepare you for pre-approval. You have enough time and small steps will help you to learn the process easily. ... more
0 votes 4 answers Share Flag
Mon Sep 22, 2014
Rosemary Strodtman answered:
Are you looking to rent or own? Be careful to avoid high condo assessment fees. Liberty Square by Yorktwn has lower assessment fees. Pool available in neighboring complex, too. Pay only if you want to use it. I currently have a nice 3 bedroom available at 2260 S grace in this complex. ... more
0 votes 1 answer Share Flag
Tue Jul 15, 2014
Nicholas S Nelson answered:
Good Afternoon Tammy,

I would suggest you get in contact with a realtor that knows the Oak Brook & Lombard area so that they can do a search for properties in that area for you.

As a mortgage lender, I can help you get preapproved to find out what mortgage programs you can qualify for and how much home you can afford. Most realtors & sellers will require a preapproval letter before making any offer. I offer a free preapproval process that will review your credit, income & assets to determine what can be done. I offer conventional, FHA, VA and portfolio lending.

If you are interested in getting more information on a preapproval, please contact me at the below phone or email.

Good Luck,

Nick Nelson (NMLS#384413)
Mortgage Lender
Community Bank of Rockford, A Division of Harvard State Bank
2470 Eastrock Dr.
Rockford, IL. 61108
(815) 289-0880 - Phone
nnelson@thehsb.com - Email
... more
0 votes 1 answer Share Flag
Tue Jul 15, 2014
Tammy.9856Burch asked:
Thu Feb 27, 2014
Anna M Brocco answered:
In order to best protect yourself consult with an attorney who specializes in real estate before consider the idea....
1 vote 4 answers Share Flag
Wed Feb 26, 2014
Lillie Fuse Williams answered:
You were given great answers. Real estate is a highly negotiable but highly confidential career when it comes to personal information. anything that is of public information is readily available in your tax or court house. ... more
0 votes 3 answers Share Flag
Mon Dec 9, 2013
Lester S. answered:
It varies from market to market, price point and other variables......the answer generally lies in what type of financing is being used in that market and specifically in that transaction. Cash and 20% down buyers will usually not request closing cost credits from a seller, while low or no money down financed buyers (generally 5% down or less) usually will. While they have qualifying credit and debt to income ratios for these programs, they often simply lack the funds necessary to cover the down payment and all the costs without wiping out all their needed reserves. While there are some correlations to first time buyers having less funds and using these loans, a first time buyer with conventional 20% down financing (or cash) probably won't be requesting/negotiating closing cost credits. On the other hand, a 4th or 5th time home buyer using FHA (3.5%) or VA (0 down) financing most likely will be looking for these credits. From there, you can usually make some general assumptions.....if you're talking about an $800K purchase, you probably won't expect to be negotiating closing cost credits. If you are talking about a lower price point market or town home/condo association you might find that a significant or even majority of sales include seller assisted financing. Hope this helps.

Regards,

Lester S.
"Lester the Lister"
RE/MAX 1st
630.207.2532
LestertheLister@yahoo.com
... more
0 votes 7 answers Share Flag
Fri Aug 16, 2013
My NC Homes Team answered:
you should not need an agent to attend an open house, but if you are working with one you should make this clear to the agent hosting the open site when you do go. In your case it sounds as if these homes went under contract and the listing agent may have failed to update their open house notice. You may want to try checking for open houses either on Saturday afternoon or Sunday morning so that you get the most accurate info regarding the status of the property. ... more
0 votes 12 answers Share Flag
Fri Aug 16, 2013
Riccardo Wardlow answered:
Not only do we give FHA loans but we can do them down to a 580 score.


Riccardo Wardlow
Owner
Quality Mortgage Lending
630-670-8266

RATED A+ WITH THE BBB

*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 620 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 620 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
*We do Itin loans
... more
0 votes 3 answers Share Flag
Tue Jul 2, 2013
Tim Wangler answered:
Zillow and trulia use algorithms that use general information. It does not compare apples to apples. Appraisers typically use MLS data and have certain criteria like radious of near by sales, condition of home and so on. ... more
0 votes 11 answers Share Flag
Sat Feb 9, 2013
Evelyn Santiago answered:
Yes, you are correct it's a short sale and has been contingent since April 2012. The mortgage company was Merrill Lynch so it was probably bought by one of the top four and servicing rights moved.

I do short sales and currently have 2 from April of 2012 - the servicer is taking for ever and despite us providing all required paperwork they continue to delay.

You never know why certain short sales take longer than others. Every single one is different - same servicer but different investor, different values on bpo, mortgage insurance, too many variables so all we can do is make educated guess.

There are currently 8 townhomes available in Lombard that are 2 bedrooms + with at least 2 baths ranging from $159,900 to $219K

Contact me and I will be happy to send you a list.
... more
0 votes 2 answers Share Flag
Mon Apr 9, 2012
Shawn Anderson SRES,CNC answered:
Asking buyers to cover these fees is pretty normal. Those sellers knowing they were going to loose their homes stop paying the HOA dues. I've seen some at $10,000. It is the first thing I find out before writing. I alos call to find out how the Association is doing with deliquents. I can can quickly assess if this has to be a cash buyer only or if your lender will decline the loan due to this exact info. Best to find this all out first. Your agent should have made these easy calls just out of due diligence. They should chexk with the village to see if there are any unpaids with them as well. I just did one where I called the asoociation myself and found out that my buyer would have to rplace the garage door within 45 days of closing because it was in terrible shape. You are on the hook for these fees the bank does not take responsibilty for them, wouldn't itbe nice if they did. ... more
0 votes 6 answers Share Flag
Sat Sep 10, 2011
Michael Cline answered:
Hey William,

This thread is over 2 years old. You may want to look at the dates before posting. Just a thought to help you out.

Mike.
0 votes 3 answers Share Flag
Fri Sep 24, 2010
Diane M Karpman answered:
Dear Trish,

I am a Realtor in the Lombard/Elmhurst area and know that I have a large home with big backyard that may suit your needs. This home is within the Glen Ellyn School district. 5 bedrm/2 bath, remodeled, 2 tiered wooden deck, large yard, swing set, 2.5 garage, extra wide driveway. Lake Michigan water.
To see the listing go to my web-site go to www.1979downingst.com (Lombard -near Finley & Butterfield-close to all shopping and restaurants) Open House Sept 29 1-4
www.dianemkarpman.com I am with Koenig & Strey Real Living.
I have been practicing Real Estate sales for over 15 years and enjoy working wiht all buyers.
I have clients that would be willing to talk with you to get a scope of my abilities to get the job done.

I look foward to hearing from you.
Sincerely,
Diane M. Karpman
847-636-0200
... more
0 votes 8 answers Share Flag
Fri May 7, 2010
Patricia McCrite answered:
This is tough because it may be cheaper to pay for the needed repairs yourself rather than hire an attorney to sue for damages. Drainage issues tend to be reasonable to repair even if someone has to come out to regrade areas surrounding your home. Adding french drains or some other type of drain solution can also be reasonable. Unfortunately, you have to pay for it because it wasnt done prior to possession- which may mean that you bought new? Can you contact the builder and express your concerns? ... more
0 votes 2 answers Share Flag
Sun Dec 6, 2009
Sean Dawes answered:
Lombard,

1) If you are being foreclosed on, what makes you think you can afford another home? Looking at spending habits who is to say you wont experience the same issue.

2) If you have outstanding debt and preforeclosure now, no one is going to lend to you. And after the chapter 7 no one will lend to you either for a while.

My suggestion, rent and work on improving your credit and increase a savings to prevent this from happening again. By that time you should be able to re-evaluate buying a home.

I am not an attorney so you should always consult legal advice.


Sean Dawes
... more
0 votes 3 answers Share Flag
Mon Jul 6, 2009
Steve Smither answered:
Mike,

The best advice I would give you is to consult an appraiser.
This is their job to justify value.
I work with an appraiser that is very knowledgable of that area.
If you would like his information please contact me at ssmither@ardain.com
Steve Smither
Ardain Mortgage
Palatine Illinois
... more
0 votes 3 answers Share Flag
Fri Jul 25, 2008
Lisa Schade answered:
Hi Mike-
Wow! Not all agents are created equal, and I'm sorry that you had a bad experience. But, we shouldn't all have to pay the consequences. Many of us do work extremely hard for the income that we make. Many of us are underpaid for our services.

Unfortunately, as is true in any profession, there are always bad experiences, and everyone else in that profession gets judged by that bad experience.

I suggest that the next time you decide to buy, you interview multiple agents, if you have to, to find an agent that will work on your behalf. Ask them questions, trust in their answers and ask for references.

If they're serious about there profession and getting the job done right for you, they will work with you to make you feel as comfortable as you need to feel.
... more
0 votes 9 answers Share Flag
Mon Mar 10, 2008
Dave Eisley answered:
What are the comps on the knockdowns versus the upgrades? In other words, look at something in the neighborhhod and figure out what it would cost to do what was done on the home you are looking at. You may want to consider having it appraised as well for another opinion. ... more
0 votes 3 answers Share Flag
Search Advice
Search
Home Buying in Lombard Zip Codes

Followers

168