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54403 : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 20
Wed Feb 5, 2014
Owen Jones answered:
Haven't heard of any such thing, lots of remodeling and flips going on in that area, great for home values. I know of a great flip that will be on the market off of Chicago Ave in March. ... more
0 votes 8 answers Share Flag
Sun Jun 3, 2012
Scott Godzyk answered:
Unfortanately many rental ads on CL are scams, you really need to make sure the owner is indeed the owner. Do not give out personal info over the phone or email. Make sure you see the home in person and never wire any money or mail any money. You can easily check the owners name on the tax card in the town of the rental. if it sounds too good to be true, like half price rent, it probabily is. ... more
0 votes 1 answer Share Flag
Thu Feb 23, 2012
Tim Moore answered:
You might be surprised at how an auction works. Often the bank bids what they have out on the house as the opening bid, it is not run like Storage Hunters biding on storage lockers starting at $1. The bank bids what is owed on the house so they can get it back and into their name, as owners, so they can sell it later after they do appraisals and inspections and get the current owner out. Plus they require cash, if he has that much cash he should have made you a loan to make the payments. ... more
0 votes 4 answers Share Flag
Wed Mar 27, 2013
Shanna Rogers answered:
Hi Kleiler,

Since you have no accepted offers with him, no, you do not have to keep working with him. If you have a signed buyers agency contract with him, you will need to cancel that (in writing) before you can hire a new buyers agent. Now, if you decide to submit an offer on a property he showed you, he may be entitled to the commission since he would be considered the 'procuring cause' of you purchasing the property.

Shanna Rogers
SR Realty
... more
0 votes 6 answers Share Flag
Wed Jan 28, 2015
Tim Moore answered:
A bridge loan is a second loan that allows you to buy the home you want while trying to sell your current home. You are basically buying two homes so your credit and incomes vs debt have to be just right. You are bridging the gap between the new home and a single loan on it with the current loan as you try to sell your home. The down side is that if you don't sell your current home you will be making 2 payments on two homes. Often you can structure the bridge loan so that it does not kick in for 60 or 90 days giving you a chance to sell the current home but not loosing out on the new home by not offering a contingent offer that might get refused.

Speak to your loan officer for more details.
... more
0 votes 5 answers Share Flag
Mon Jun 21, 2010
Jennifer Gordon answered:
Not typically unless either the buyer or the seller shares that information with you.
0 votes 4 answers Share Flag
Sun May 20, 2012
Carmen Di Biase answered:
Your buyer agent will be able to do a search on your local Multiple Listing Service for homes with seller financing available.

Good luck!
0 votes 3 answers Share Flag
Sun May 2, 2010
Charles Sampson Group answered:
It would depend on what was written in the sales contract. Short sales, even though still owned by the seller, are dependent on the bank to close. Check with your agent to see what was written into the contract.

Good luck.

Angela S. Mullis
Charles Sampson Real Estate Group
Charter I North
Hilton Head Island, SC
... more
0 votes 3 answers Share Flag
Wed Mar 17, 2010
Bill Schumacher answered:
I'm sorry I can't help you. Call an attorney who specializes in this. You can also research this on a legal hotline. Best of luck! Bill
0 votes 1 answer Share Flag
Tue Mar 10, 2015
Jennifer Gordon answered:
Hi Brian
You found the right agent. I am also from the Illinois area and sold real estate there for over 15 years. Hopefully I can offer you some assistance and insight for both locations. First, and most importantly, you need to hook up with a qualified agent in your hometown who can tell you the "average days on market" for homes in your neighborhood. You may be surprised at how much the market has picked up over the last few months. I keep in contact with several successful agents in the Chicagoland area and they have told me that homes are selling again. What part of Illinois are you from? As for rent-to-own in and around the Wausau area, I can help you there. While the supply is minimal there are a few seller's who are still open to this idea. But it is similar to trying to find a needle in a haystack. A lot depends on the price point you are in both for rent and ultimately the sales price. As the market recovers, ret-to-own becomes harder and harder to find. Give me a call or e-mail me when you get a chance. I would love to talk to you further and help you find a good solution. My e-mail is All My Best, Jennifer Gordon ... more
0 votes 4 answers Share Flag
Mon Jan 12, 2009
Team Teal answered:
This home is a Bank Owned home. So I am aure the would be willing to negotate the price.
We do not know the age of the roof or furnance because of it being bank owned.
I always suggest a home inspection and the inspector can tell you the approx. age of everything.
If you would like to take a look at this property - feel free to contact me.

Lana Stollenwerk
Coldwell Banker Action
... more
0 votes 1 answer Share Flag
Mon Jun 27, 2011
Deirdre Vanko answered:
Try looking at Harris Real Estate University online they have a course to point you in the right direction. Good luck. Deirdre Vanko
0 votes 3 answers Share Flag
Wed Sep 6, 2017
Team Teal answered:
Hi Melissa,
In todays market there are more rent to own homes out there than there used to be.
Sellers are in jams and need to get someone in right away. I must warn you that some sellers
will want you to put a downpayment down but some will not.
What price range are you in? I do have some contacts that do rent to own. There really isn't a published list or website of these homes but I would be happy to work with you in finding something. Sometimes Realtors won't work with people on this because there is little chance that they will get paid from it. But I would be happy to help!
Lana Stollenwerk (715) 212-6753
... more
0 votes 6 answers Share Flag
Wed Sep 16, 2009
Dallas Texas answered:
WOW sorry to hear the drop do you have an agent that is assisting you? is the house compd correctly? more curious than anything on the compd value If you dont have to sale have you thought about leasing the house out? . Good luck ... more
0 votes 5 answers Share Flag
Mon Sep 15, 2008
Joan Keating answered:
I don't have the answer to this. However, I would think there is information in your buyout package. Your County Legislators, or local representatives should also be able to answer your questions or point you in the direction of the information you need. What are your neighbors doing? Have you spoken to them? I would guess that the market bearing price must be paid, and I would consult with a local real estate attorney also. ... more
0 votes 2 answers Share Flag
Wed Jun 11, 2008
Vicki Schaar asked:
Fri May 11, 2012
Jeffrey Schnabel answered:

If you want the city (or the jurisdiction) that is taking your home to believe you, you need a third party licensed appraiser to tell you what it is worth. Their findings will stand up in court. Since your talking about hundreds of thousands of dollars, why would you skimp on not getting an appraisal for probably $400? An appraiser is licensed by your state to be an impartial third party to the transaction. You can't get an answer that you can defend reliably from anyone else, period.

Good luck,

... more
0 votes 7 answers Share Flag
Mon Sep 15, 2008
Team Teal answered:
I only see this as a withdrawn listing. I also do not see anything that says it is a "historical home". Most of those are on the other side of the bridge.
0 votes 1 answer Share Flag
Tue Apr 22, 2008
Erica Zimmermann answered:
I guess my question for you would be what is your question?
0 votes 1 answer Share Flag
Sat Dec 8, 2007
Mike Kelly Allison Norman answered:
Heather, Do you have the address? Street name? Real Estate company? C'mon--be more specific!! If you have the agent's name, call them! If you don't have the agent's name then call the RealEstate Company! If you have the address then go to, if you have the Street then call any real estate agent in the town where the property is located and have them look it up! ... more
0 votes 9 answers Share Flag
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