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Home Selling in Niles : Real Estate Advice

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  • Local Info3
  • Home Buying7
  • Home Selling3
  • Market Conditions1

Activity 7
Thu Oct 12, 2017
Mary answered:

To post your home for sale by owner on Trulia, click the link below and select Submit listings for sale.

You will be redirected to our partner site, Zillow. Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

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0 votes 1 answer Share Flag
Thu May 5, 2011
Ranj Mohip answered:
It seems that the bank feels that your house is worth more than you think it is. Did your agent give the appraiser (or BPO agent) the CMA of $175K when the appraiser/BPO agent came to your house? You can either tell the buyer that the bank countered at $205K or you can challenge the appraisal/BPO. Banks typically want to net 80% of the current value--the prior balance is irrelevant.

The information in this answer is general information and is not intended as legal advice, nor do I intend to create an attorney-client relationship with any reader by answering this question or otherwise contributing as a member of
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0 votes 3 answers Share Flag
Wed Apr 20, 2011
Ron Rovtar answered:
If the sellers can neither bring money to closing nor borrow to cover a deficit, then this is by definition a "short sale" and the bank must be brought into the deal and agree to allow the sale to go forward. The sellers will have to prove to the bank that they cannot continue to make the payments.

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1 vote 8 answers Share Flag
Wed Aug 11, 2010
Mack McCoy answered:
Usually, you can determine whether someone is caring from having a conversation or two with them. One thing you might do is ask them how they've helped someone like you who had a home to sell and wanted to buy another.

Reliability is harder to predict, and "qualified" is more a matter of whether they meet YOUR qualifications than anything else.

I don't believe in "checklists," the idea that you should have a clipboard full of questions to interrogate every agent you meet with.

I do think that you should leave an interview with a real estate agent knowing

- how long they have been in the business
- if they are knowledgeable about properties in your neighborhood
- if they are knowledgeable about the neighborhood(s) you want to buy in

As to whether you should work with two different agents, I think that finding one good agent to meet your needs - or anybody's needs - is difficult enough!

All the best,
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0 votes 7 answers Share Flag
Mon Aug 9, 2010
Edith Karoline Jasser answered:
Hi Ilet...
When putting your home on the market at this time.... there are 3 very important things you have to consider:

A) your home has to be in perfect showing condition, i.e. it may need some staging, and any repairs need to be done, and/or some improvements or upgrades if not already done.

B) Very competitive pricing.... In this market in the beginning your home needs to be priced right
compare to currently competing homes, and those recently sold similar to yours

C) You may be even more aggressive in pricing your current home, if you intend to sell in a relatively short period of time...

We are in a buyers market and therefore you may end up getting less for your home than you expect, but then you will also pay less for your next one. But depending on what you sell and what you intend to buy as far as type of home, size of home, size of lot, location etc. is concerned you have to weigh your options and your advantages and disadvantages carefully with the Realtor you intend to work with....

Interest rates are low, and as a buyer you will have many choices....

Good Luck to you and I hope this helps you a little....
Edith YourRealtor4Life Working always in the very BEST interest of her clients
chicago and Northern and NW suburbs expert
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Tue Jun 3, 2008
Torrey Lewis answered:
What we have been seeing in the current market is that most buyers will not bite on a promotion such as this. It is great for getting attention, but in the end, the buyers that we are working with will try to negotiate "out" the car, meaning that if you are willing to take $300,000 for the house, and throw in a car worth $8500, then why doesn't the price adjust to $291.500, and then leave the car out?

As others have mentioned, it is also difficult for lenders and appraisers to wrap their heads around such concepts, and it's generally best if any mention of the car is left out of the contracts (please consult with your attorney first).

If you can sell the car before you list the home, you could use the cash from the sale to induce buyers in other ways, such as paying closing costs, assessment fees (if there are any), future property taxes, etc. Make sure to check with your attorney to ensure that anything you offer will be legal and "above-board", and also double check with the prospective buyer's lender to make sure there are no restrictions on the types of credits you are offering.

Hope this helps! Good luck!
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1 vote 4 answers Share Flag
Sat Sep 8, 2007
Cathi Weaver answered:
Hi Saima,

The best time to sell a house is when you need to sell. That could be because you have a contract for another property, your job takes you to another city or state, etc..

If one does not need to sell, it's not a good time to sell.

I'd be happy to sit down with you and help you determine if this is a good time for you to sell or if waiting a year, two or more is better.

Feel free to contact me.

Cathi Weaver
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