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Home Buying in Palatine : Real Estate Advice

  • All131
  • Local Info16
  • Home Buying35
  • Home Selling10
  • Market Conditions7

Activity 35
Mon Apr 11, 2016
Tarukarumbaev answered:
Here is the situation I encounter. I was looking at Williams Island, building 2000, unit 2308. The combined HOA (building + property) was close to $1900, I do not remember exactly. I turned it down obviously. Now this property advertises with HOA $1000 on one site and $468 on another. So my question - is it allowed to lie about HOA ? Could seller to negotiate lower HOA with condo management to make property more attractive ? If none of it is true, than what is the explanation for discrepancy ? ... more
0 votes 12 answers Share Flag
Mon Mar 24, 2014
Sharon Harding answered:
There are seven units for sale there listed with Realtors ranging in price from the mid $400,000's to just over $500,000. Call me and I can tell you about them.

Sharon Harding
Re/Max Destiny

shschaumburg@aol.com
sharding.illinoisproperty.com
... more
0 votes 5 answers Share Flag
Wed Feb 26, 2014
Todd Gagliano answered:
The lender I use recently told me about a loan program he has that sounds like a perfect fit for you and it's conventional not FHA. This can be very advantageous based on the recent change to the FHA program requiring mortgage insurance for the life of the loan. You will need PMI on a conventional deal but my lender will pay for it upfront for you!
Let me know if you would be interested in speaking with him.
... more
0 votes 14 answers Share Flag
Tue Feb 25, 2014
Bonnie Rooney answered:
I was just noticing your question a year or so ago about building vs renovating and was wondering what you decided to do ...did you buy or renovate?
0 votes 7 answers Share Flag
Thu Jan 30, 2014
Syuzanna Zakharchuk answered:
Hello

I had a similar situation last month. It was resolved at the closing by attorney requesting county assessor's office to update their records with correct address. It delay the closing by 2 days, so I would advise getting your attorney to fix the issue prior to closing. Good luck.

Syuzanna Zakharchuk
Carrington Real Estate
157 N Evergreen Ave,
Arlington Heights IL 60004
224-210-0002
... more
0 votes 4 answers Share Flag
Fri Dec 6, 2013
Mike Opyd answered:
This sounds like a co-op building. Id ask the agent for clarification what the"fees" are for but sounds like the taxes are included int he assessments.
0 votes 6 answers Share Flag
Wed Dec 4, 2013
John Meyers answered:
A single family Palatine home under $80k will not be possible. However, there are some great condos which may be FHA approved.

Just let me know if you would like some help.

Thanks,
John Meyers, Managing Broker
Meyers Realty & Chicagoland Rentals
Park Ridge, Chicago & All Suburbs
www.MeyersRealty1.com
c: (847) 533-7115
... more
0 votes 5 answers Share Flag
Mon May 20, 2013
Mary Zentz answered:
Sorry...Its better to let me know at Mary@MarysHomes.com
0 votes 3 answers Share Flag
Mon Apr 29, 2013
Richard Hauser answered:
Looks like a 2 year old question - so I hope you got your needs met - but my guess is that if you used a traditional agent - you ended up over-paying. For a question like that to be intelligently answered - people need to realize that they need to sit down for an initial consultation - because your needs have to be addressed holistically - with your many other priorities (perhaps some unstated) intimately understood and weighed.

As an FYI - it is best to never buy through the listing agent of a property - as they are on the seller's side - so you'd get into a dual agency conflict of interest situation. Best to use an expert negotiator, and one who has no home showing biases - an Exclusive Buyer Broker (they and their companies never list property for sale - and are specialists - not generalists.) And a regular so-called "buyer agent" might push more of their own in-house listings on you - or their own listings. We never list (represent sellers) - so that we may be 100% on the buyer's side - 100% of the time. Buyers can trust our advice and representation, and be assured that there won't be any conflicts of interest, or have their information compromised by shared fax machines, file cabinets, overheard phone conversations, shared buyer feedback with listing agents, or in other ways. They also stand a much better chance of getting a lot better purchase price on their home, as well as loan savings.
... more
0 votes 7 answers Share Flag
Mon Apr 29, 2013
Daniel Klein answered:
Our company provides loans to non-citizens with no credit history. Be aware, that the rate will be above market rate. We also have stated income loans where the rate is about 4.25% or so. ... more
0 votes 5 answers Share Flag
Mon Apr 29, 2013
Richard Hauser answered:
Like a few have said below - call the city to get the details. Best not to enter to be safe. Holes or sink holes can expand. Best to use an expert negotiator, and one who has no home showing biases - an Exclusive Buyer Broker (they and their companies never list property for sale - and are specialists - not generalists.) Note that a regular so-called "buyer agent" might push more of their own in-house listings on you - or their own listings. We never list (represent sellers) - so that we may be 100% on the buyer's side - 100% of the time. Buyers can trust our advice and representation, and be assured that there won't be any conflicts of interest, or have their information compromised by shared fax machines, file cabinets, overheard phone conversations, shared buyer feedback with listing agents, or in other ways. They also stand a much better chance of getting a lot better purchase price on their home, as well as loan savings. I'm sure you must have purchased by now however - as your question was posted in January 2012 - so I hope you didn't over-pay. (Chances are you did - if you didn't use an EBA)

Regards,
Rick Hauser ABR CNC CNE GRI SFR
Managing Broker
Buyer Broker Chicagoland
... more
0 votes 4 answers Share Flag
Tue Dec 4, 2012
Andrew Malak answered:
It depends on what you are comparing it to. Since you are from Arlington Heights, Berwyn to your city is like a day and night. The best way to find out, is to drive around at different times of the day and night in the neighborhood you are interested in.

Andrew Malak
847-293-5424
BuyInChicagoland.com
... more
0 votes 2 answers Share Flag
Tue Dec 4, 2012
Andrew Malak answered:
If you are looking for a house, there is no way to know 100% as it depends on the property condition (FHA appraiser will decide at the time of appraisal - hint: it must be in close to perfect condition)

If you are looking for condo/townhome find it here:
https://entp.hud.gov/idapp/html/condlook.cfm?CFID=13461634&CFTOKEN=501810e2c5f8ea2d-A918B4FB-DAAF-68F3-DF190C58B9978403

Andrew Malak
Realtor/Broker
847-293-5424
BuyInPalatine.com
... more
0 votes 3 answers Share Flag
Thu Sep 27, 2012
Edith Karoline Jasser answered:
If you are a Realtor you should know, if you are not, and you need this information for one reason or another those reasons should make you want to work with an experienced area Realtor who has
access to all that kind of information, area expertise and years of experience.... If you are a buyer you should read the following, do not do this on your own


WORK WITH A REALTOR, YOUR PERSONAL BUYERS AGENT
I am wondering why you ask this question here at Trulia, if you are an interested and determined
buyer, you definitely should connect with a local Realtor, a buyers Agent, ie a Realtor who will be on
your side, protecting your interests, finding the right property, arrange showings, answer all your
questions, help you right a good offer, get you also pre-approved for a loan, and negotiate on your behalf the very best sale price and terms and if you commit to one trusted Realtor, he or she will commit 100 % to you and his or her services if you make an offer on a property listed by a Realtor/Brokerage in the multiple listing service will be FREE to you, as Buyers Agents are usually
paid by the seller's side, out of the sellers proceeds at the closing table...

Why would you want to do this on your own, when there are so many details to be taken care of the
right way and so many details need to be paid attention to, inspection appraisals, loan commitment, walk thru etc. etc. in order to bring an offer to a fully executed contract and that to successful closing and home purchase.

Give it a second thought and hopefully you will decide to work with a trusted Realtor, who is experienced in your areas of interest. Please commit to only ONE Realtor!! If you need recommendations get back to me I gladly forward you names..

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 2 answers Share Flag
Thu Jan 19, 2012
Crabapple answered:
I am in the middle of a FHA nightmare because of my current contractor. The great part is that he is finishing up the work this week. Anyone know a general contractor who is licensed and insured in Rhode Island? I have a straight forward basement drywall job and need it done to finish out my FHA project.

Donna
... more
0 votes 21 answers Share Flag
Sun Apr 10, 2011
Susan K Klatt answered:
Hello- I have sold many short sales and I have sold in this community. There are many reasons why it has not sold. The buyer may have lost intreset or was unable to secure financing. If you are interested in seeing this property and making an offer, please give me a call I am happy to help. The PLUS side to THIS short sale, is that the bank has already approved the sale. Once your offer is accepted you could see a closing in 30-45 days. Typically, a short sale will take up to 6 months to get approved. My number is 847-222-6866. ... more
0 votes 2 answers Share Flag
Tue Mar 8, 2011
Robert Spinosa answered:
Sharon,

There may be a number of ways to accomplish what you seek, but the first question I would have pertains to the current vesting of the title. If you and your brother are on title together at this point, there should not be a transfer of title involved, but only a deed to remove him at the time of the refinance.

Whenever I talk about the financing on a rental property, I feel it is prudent to ask about the financing on the primary residence (or any other property held). Sometimes, more cost/rate-effective solutions can be found with those alternatives too, and since I'm in CA as well, I might even be able to assist you with that directly. Certainly get in touch if you'd like to discuss this more.

Thank you,

Rob Spinosa
rspinosa@rpm-mtg.com
... more
0 votes 4 answers Share Flag
Thu Sep 9, 2010
Thakar S Basati answered:
Great, normally in these times they come lower than marketing price. If it came lower, bank will not give you loan. Either you have to come up with difference in appraised value or seller will accept lower price as recommended by appraisal. If it comes lower, you or seller can also ask for 2nd appraisal.Appraisal is opinion of the appraiser not fixed value and it can differ from person to person.
Good Luck
Thakar S Basati
GRI
... more
0 votes 9 answers Share Flag
Fri Jul 23, 2010
Sharon Poisel answered:
This first floor unit was 4 total rooms with 1 bedroom and 1 bath. Unfortunately, I do not show square feet, but you can call the Palatine Township Assessor office and provide them with the address and unit and they may be able to provide that info.

The unit was freshly painted and carpeted, had a garage, and had a patio with two access points from unit. It was on market for a total of 15 days and sold cash at $80,000.
... more
0 votes 2 answers Share Flag
Tue Jul 20, 2010
John Ziemba answered:
Connie,

That's a great question. The appreciation potential is not bad however, my question to you is are you going to live in the unit first. If you are then I think it is not a bad deal. I have written a more detailed post about this property on my blog. I have attached the link to this post.

Please do not hesitate to contact me with any questions. I am always here to help.

Best Wishes,

John Ziemba
Realtor
Keller Williams Team Realty
847-217-0480
Realtor@JohnZiemba.com
www.JohnZiemba.com
... more
0 votes 3 answers Share Flag
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