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Home Buying in Wilmette : Real Estate Advice

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  • Local Info2
  • Home Buying15
  • Home Selling2
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Activity 20
Mon Dec 5, 2016
Livinlife1 asked:
I don't want to call a realtor every time I see a house I may be interested in, only to learn that the assessments and/or property taxes are too high. I look for years for a house;…
0 votes 0 Answers Share Flag
Wed Aug 17, 2016
Kl_schmitt answered:
What neighborhood in Wilmette would be best for walking to the L Linden stop? We are a family with one child entering preschool and the other is in upper elementary school.
0 votes 13 answers Share Flag
Fri Aug 21, 2015
Tatumlea answered:
Lis Pendens is Latin for "Suit Pending." Lis Pendens is a notice filed in the public record that a lawsuit has been filed against the property. Most likely the lawsuit filed is a foreclosure.
http://ForeclosureIQ.com
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Sun Jun 21, 2015
R.motarjemi asked:
Sun Jun 7, 2015
Maria Kernahan answered:
Appreciation is completely dependent on location, size and condition. That said, ranches are in limited supply on the North Shore, and if they are prepped well and priced right, can sell quickly.

I live in a split level and have found it to be fantastic, flexible space for my family that I don't think I would have with a ranch home on the same sized lot.

Again, it's all about location, size and condition. And price, of course!


Maria Kernahan
@properties
30 Green Bay Road
Winnetka, Illinois 60093
847-877-7100

From The City To The Shore


http://www.atproperties.com/agents/2419/maria-kernahan
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Sat Jan 31, 2015
Allison Murphy answered:
It's best to assemble a team of professionals if you want to pursue a foreclosure. It is possible to contact a bank directly, but does take persistence and a bit of investigating to find the answers. Bottom line, it's best to have a realtor to2516 help. I have had created successful experiences for my clients purchasing short sales and foreclosures. If you would like to discuss the steps to take or how the process works, I would be happy to walk you through it. Make sure you have an attorney experienced in foreclosures / short sales to help you as well.
Good luck! Feel free to contact me
Allison Murphy, Broker
@properties
847-343-4069 Direct
847-295-0700 Office
On the web:
http://www.movewithmurphy.com
http://www.atproperties.com/allisonmurphy
Licensed Illinois real estate agent
... more
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Mon Jun 23, 2014
Lydia DeLeo answered:
The tax assessor's office is often the most popular source for square footage information when determining the buildings square footage of a property however often this information is inaccurate, especially if the property was added on to over the years. In addition square footage that is below grade, as in the basement, even if finished is technically not supposed to be counted as livable square footage for purposes of tracking in the MLS, even though some agents and home owners will include. That being said, I find it is always helpful when compiling CMAs for my clients, to put together a spread sheet to include room count and size, along with lot size.....to get a more accurate assessment of the properties true square footage costs...which for the record in Wilmette right now is running around $344 a square foot up 6% from a year ago per Trulia's market trends information. ... more
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Mon Jun 23, 2014
Lydia DeLeo answered:
Even with the narrowing of lanes, Lake is still considered one of the busier streets in Wilmette since it is a major artery to both the highway (I94) and Sheridan Rd. To your question, have housing values increased and are they selling more quickly on Lake Ave.....yes as long as the home is priced to factor in the busier location, however that has more to do with the anemic inventory then the perception that traffic is less of an issue. ... more
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Wed Jun 11, 2014
Sara Gordon answered:
It is a pretty community with a low crime rate. The police force is friendly and helpful. However there is heroin in the village, so Wilmette is not immune to the problems that plague the city. We feel safe walking the streets after dark. It is quiet, although some might consider that a "con".
It is considered to have good schools, although we were distinctly disappointed with the quality of the middle school education, especially compared to our school district in suburban Detroit. We also felt that New Trier certainly is "known everywhere" but it seems to coast on this reputation. We moved here for New Trier and we were really disappointed. It did not live up to its reputation; our honor roll child was about 6 months behind in the sciences and math when she started university in Canada.
It is not especially friendly, unless you are from the village or known to be fabulously wealthy.
There is very little fast food in Wilmette, which our family believes to be a big advantage to living in Wilmette. There are a few restaurants.
There are a lot of green areas, such as Centennial Park, that are maintained well.
The drive into the city is HORRIBLE. If you work in the Loop, you need to allow 1.5 hours to be sure to arrive on time in rush hour, although the commute might take as few as 30 minutes or as many as 120 on rare occasions.
The Village appears to care more about developers than residents, and exercises a vigorous double standard in the rules it applies in this regard. It is onerous and expensive to get approval for home improvements.
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Mon Mar 10, 2014
Jeff Nobleza answered:
I hate to break it to you. But real estate taxes on a small home can be $700- $800/month for a homeowner. Finding a home to rent in Wilmette at that price range does not exist. I suggest maybe adjusting your expectations. I wish you luck ... more
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Mon Feb 10, 2014
Michele Wilson answered:
Contact the Wilmette village water department for and accurate estimate. Distance to the street and if it's a new or replacement line will determine the price.
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Thu Jan 16, 2014
Aly and Justin Tesar answered:
I love the Village Green in Winnetka, especially around the summer time and when the local children's fair is held each summer it is so fun for the kids!
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Fri Nov 8, 2013
Sarah Rothschild answered:
Hello

The condos that are long the lake across from Plaza del Lago on Sheridan Road have these higher fees but there is actually a range within those buildings. You will see the rates can differ by several hundred dollars depending on which building and floor you are looking at. The buildings' are large, have several elevators, full-time staff, pools, indoor garages, beaches and beautiful landscaping that explain those fees. Often your HOA fee there is approximately 1% of your home's current value which studies have shown is a smart % for any homeowner to spend annually on upkeep of their home.

That being said, Wilmette has several other buildings in different neighborhoods with HOA fees at a fraction of those lake buildings'. I would be glad to show you several with fees around $300-$500/month. These other buildings are lovely and I have toured each of the ones as they have come on the market.

Sarah Rothschild
Coldwell Banker
847/361.9057
sarah.rothschild@cbexchange.com
... more
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Mon Jun 17, 2013
Lydia DeLeo answered:
Located in Wilmette (and NOT in Kenilworth, despite its name), Kenilworth Gardens extends from Ridge Road at the east border, to Hunter at the west; and from Elmwood at the south end, to Beechwood at the north. The classic homes and lush landscaping have made Kenilworth Gardens a sought-after community for young families for many years.

The area was developed over 60 years ago, and originally featured mostly 3-bedroom homes. Since then, many of the homes have been tastefully expanded; and offer all the space and convenience today’s families are looking for. Many types of architecture can be found in Kenilworth Gardens, with no shortage of classic colonials!

Certainly the schools are a big part of the neighborhood’s appeal, as well; and include Harper Elementary School, the Ronald Knox Montessori School and New Trier High School. And easy access to the Kenilworth Metra stop is a big plus for commuters. An array of shops and restaurants are also within easy reach, including the nearby Old Orchard shopping center, and Plaza del Lago, among others.
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Mon Apr 1, 2013
Marnie Beilin, CRS answered:
Not sure if anyone hit on the fact that a major concern to a co-op buyer (I have sold many mainly in Chicago proper) would be that a lot of them do NOT allow you to rent them out, so if you may need that option make sure to check the building rules. ... more
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Tue Feb 26, 2013
Michele Wilson answered:
A foreclosure /auction is really you bidding aginst the bank that holds the mortgage. Many times a property listed for "auction" has a reserve price that must be met for the property to be sold.
There has been some good advice in the nswers you received. I will add that you should work with a professional Realtor when you are doing any kind of real estate transaction.
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Tue Jan 22, 2013
Michele Wilson answered:
Just checking back with you, Doug. Did you keep your home on the marekt thru the holidays? Di it sell? What was your experience.
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Wed Feb 11, 2009
Don Shea answered:
AAC: Not sure if you're still in the market but your question is timely and one that many more home buyers ought to ask before writing a contract. My experience has been that when buyers visit older homes they are often amazed at how the present owner "lived" (or "lives") in the house. Humans are quirky and able to put up with a lot of inconveniences. Often simple inertia takes over and we get along with the leaks, cracks or messes. One thing to know: in Northern Illinois, the (NSBAR) purchase contract contains a "Professional Inspection" clause. Once the contract is accepted, the buyer has 5 business days to have a pro inspect the house. The issues identified are negotiated; this often involves requests for credits or changes.

In your situation, and BEFORE writing a contract, you can ask to bring in a contractor/inspector who can identify issues to be aware of. This is not a true home inspection but rather due diligence on your part. Doing this home evaluation first accomplishes several things: (1) it arms you with info about the house that can shape your offer and set an upper limit on the price you are willing to pay; (2) it highlights items that may not be inspection issues (low water flow, cracked walls, etc.) that are more qualitative factors you would have to address as the new owner; (3) it can be a make-or-break decision point for you if you have another house in mind.

Items you 'll want to assess are the big ticket items: roofs, walls, machinery, carpentry work done professionally or otherwise; consider how the yard is graded and it's ability to move water away from the house. SMELL the basement - a great indicator if whether there has been/is a seepage problem. Ask about the sewer hook up and lines. (A really expensive project.) Tuckpointing, gutters...the list can get really long. I've found that if you can find a good contractor who also does home inspections, he may be your best firend. Let him know what your concerns are and ask him how he/she would evaluate an older home.

Old houses can be wonderful homes. I live in a house built before 1880. But I suggest "Caveat Emptor" be your guiding principle with homes in lesser shape.

DS
... more
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