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Home Selling in McHenry : Real Estate Advice

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Activity 2
Tue Feb 28, 2017
1finejew answered:
It really depends on attitude. I recently moved into a condo with a 6 month lease. The plan was to purchase the property at the end of the lease. After the first week of dealing with the miserable HOA, I stopped unpacking. The sole reason I would never buy the place is that the HOA people are so antagonistic. I am a well-behaved, single female. When I finally changed the lock because Mr. HOA kept letting himself in when I didn't answer the door, I was harassed in other ways. He finally stopped after I emailed the HOA {putting it in writing} that next time, I will call the police. Honestly, I would have paid cash and now I'm afraid of HOA's! ... more
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Sun Aug 5, 2012
Randy Schulenburg answered:

First of all, congratulations on owning a home that is free and clear of any mortgage debt. You represent a statistically small percentage of home owners Nationwide who own their home outright.

Secondly, you are responsible for the real estate taxes on your home up and until ownership changes hands on the day of your closing. Since in Illinois real estate taxes are paid in the arrears, you'll pay the remainder of your 2011 tax bill and most likely a proration of the 2012 tax bill that is not yet out but still your responsibility. A typical proration is 105% of the previous years tax bill. However, this is a negotiable aspect of the contract.

Call or text me at 224-805-2616 if you have further questions or need a full time real estate broker to help you with your sale and purchase of a new home.

Randy Schulenburg
Managing Broker
Mortgage 1st Realty, Inc.
... more
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