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Home Buying in 60074 : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling0
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Activity 36
Fri Dec 6, 2013
Geoff Ommen answered:
No. This particular listing is only talking to the monthly HOA fees. Taxes from the 2011 tax bill are another 225/month.

If you have been prequalified for a mortgage, the bank or broker will give you a monthly payment to target. This must be all inclusive of principal, interest, taxes, insurance and hoa fees.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
0 votes 6 answers Share Flag
Sat Apr 13, 2013
Geoff Ommen answered:
There is no right or wrong in when you decide to switch buyer's agents. It is a personal preference. As the client, if it is not a right fit, you should switch or at least explore your options. If you would like to discuss your search expectations further, please contact me.

Geoff Ommen
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
0 votes 17 answers Share Flag
Tue Feb 25, 2014
Kathy Diegel answered:
My professional advice is to buy and renovate. Existing homes are at rock bottom right now and the cost to build is much higher than it used to be. Financing is at an all time low. To answer your financing question I would need to know your price range for a home. That would tell me if you need the whole 125k-150k down payment or if you could use some of that for the renovation. Please email me the amount you want to spend at Kathy.Diegel@cbexchange.com

Kathy Diegel
Call or Text 847-707-8907
Coldwell Banker Residential
The Peggy Cobrin Team
... more
0 votes 6 answers Share Flag
Wed Dec 4, 2013
Ryan Gable answered:
Hi Balraj, sorry no one has responded to you. Are you looking for a single family home, townhome, or a condo?

When you ask about 'FHA approved', that usually refers to condos so that's why I'm asking. ... more
0 votes 4 answers Share Flag
Tue Dec 4, 2012
Christopher Pagli answered:
Hi, for condos you can visit the following link...https://entp.hud.gov/idapp/html/condlook.cfm?CFID=13461634&CFTOKEN=501810e2c5f8ea2d-A918B4FB-DAAF-68F3-DF190C58B9978403
0 votes 3 answers Share Flag
Thu Sep 27, 2012
Andrew Malak answered:
I'm not sure I undestend your question?

The King of Palatine

Andrew
BuyInPalatine.com
0 votes 2 answers Share Flag
Mon Apr 29, 2013
Linda Dressler answered:
I would call the Village directly. I know that I saw a home like that in Hoffman estates and the answer from the Village was as simple as - they had shut off the water to the home and that is why the sticker was across the door. Good Luck to you - and if you need any help, and aren't already working with a Realtor, feel free to contact me directly.

Linda Dressler, Broker, Realtor®
Schaumburg, IL
... more
0 votes 4 answers Share Flag
Mon Apr 29, 2013
Kathy Diegel answered:
The best time to buy is now since the prices are so low and the interest rates are at record lows. We don't know if the rates will stay this low.

There are several townhome complexes in the Fremd district if you would like me to email you all the ones available under 250k in the Fremd district then please email me directly at kathy.diegel@cbexchange.com and I will send them to you right now.

Kathy Diegel
The Peggy Cobrin Team
Coldwell Banker
... more
0 votes 7 answers Share Flag
Sun Apr 10, 2011
John & Beth Garry answered:
This is short sale, it was under contract and has been put back on the market.
I would need to see it to see what work needs to be done.
0 votes 2 answers Share Flag
Mon Aug 8, 2011
Dallas Texas answered:
Only way for this take place is

1. Contact a mortgage broker complete a loan application determine if you can qualify for the home
2. Submit the sales contract to title company who handles all the closing documents pay of brothers lender AND transfer title in your name.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 4 answers Share Flag
Wed Jun 19, 2013
Laura Feghali answered:
Hello Doxielover,
In order to avoid PMI (mortgage interest) a minimum of 20% down is needed. If the property is eligible for an FHA loan (government loan) than the minimum down payment requirement is 3.5% currently but you still have to pay the mortgage interest.
I suggest that you contact a mortgage broker or banker to learn more on what types of loans you would qualify for and what the requirements are. They will speak to you at no cost and you are not obligated to use them.
Hope this is helpful.
Good luck!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 8 answers Share Flag
Mon Mar 24, 2014
Laura Karambelas answered:
Hello-

There are currently 3 properties that are active in Maison Du Comte in Palatine. They range in price from 469,000 to 799,000. In the past 6 months their have been 3 homes that have closed.....$380,000, $382,500 and $499,000. Yes, they are listed with agents.

The builder is Inverland Russell who has built in Palatine, Inverness & Barrington. Below is a link which will give you information about the builder and the community:

http://europeantownhomes.com/inverlandrussell.html

I hope this information helps!


Laura Karambelas
Baird & Warner
Short Sale & Foreclosure Resource Agent
... more
0 votes 5 answers Share Flag
Tue Dec 4, 2012
Laurie Christofano answered:
Hi Karen,
Berwyn is one of my main service areas. It is a diverse city with many little neighborhoods within it. Housing prices are relatively very affordable and there are quite a lot of investment opportunities as well. Good park district, before-and-after school programs for the kids, lots of parks, etc. It's conveniently situated close to both I-290 and I-55 and has public transportation options as well. Feel free to contact me at MyRealtorLaurie@gmail.com for answers to specific questions.

Laurie Christofano
RE/MAX In The Village
http://lchristofano.illinoisproperty.com
... more
0 votes 2 answers Share Flag
Thu Sep 9, 2010
Suzanne MacDowell answered:
Nothing changes as far as I can see. I assume you have made an offer and the seller has accepted. If you are out of any attorney review period the contract should be binding. Consult your attorney, however, it is my opinion that you have made a very good deal. You will be buying a home with equity from the date of closing. Congratulations! ... more
0 votes 8 answers Share Flag
Tue Jul 20, 2010
Thakar S Basati answered:
It used to be an apartment complex. Developer purchased it and tried to convert to condos, then market crashed and he is stuck with many units.
Thakar S Basati
0 votes 2 answers Share Flag
Mon May 31, 2010
Davidhi answered:
A location by the railroad tracks would make it difficult to sell. The price would have to reflect the undesirable location. Location, location, location. If you really want it - you should get a great price. Also, don't use a real estate agent ie. buyers agent. Low cost agents provide a service where they will kick back a portion of the commission to you the buyer. Why give an agent 3 percent commission; remember the commissions are really paid by YOU at closing time. One agent that does this is Berg Properties; you can find others. 847-343-4701 ... more
0 votes 1 answer Share Flag
Sat Apr 17, 2010
Kent Gagon answered:
L
What is a good neighborhood to you is going to be different for anyone/everyone that you ask. The best advice I can give is to do research based on information that you would consider to make a neighborhood good. Example if you are looking for school information visit the local school district website, there are also websites that will allow you to look at crime statistics and other information for the area. Fair housing laws are not going to allow anyone to tell you if a neighborhood is "good" that is called steering, blockbusting, or redlining, you must do the research on your own and decide for yourself. A local real estate agent can probably provide you with a list of websites that will help you find this information that you are looking for, as well as provide you comparable sold homes in the area in the last 3-6 months so that you can determine if they are price correctly.
Best of luck with your real estate sale and purchase
... more
0 votes 1 answer Share Flag
Tue Jun 1, 2010
Bonnie Rooney answered:
This is an exteremely small subdivision built in 2006. Buyers who bought at that time paid top dollar. Clsing costs at that time ran from $439,00 to the highest of $598,000. Needless to say, anyone who bought at that time and needs to sell now is "under water". Even though this could be a good deal for you here are some things to consider. Every condo subdivision has an association that runs it. That association uses the monthly fees they receive from residents for day to day maintenance, grounds keeping, snow removal, etc. They also hold some of the fees in reserve for larger projects like paving, roofs, windows, etc. When a large number of units are foreclosed, the association is not receiving dues from those units, the result is an association that doesn't have enough money to perform its duties. Your agent or attorney should get infomation from the asssociation on its financial health to help you make a decision. Also, ask them for their fee delinquency rate. If anyone wants to buy a unit in this subdivision using an FHA loan, FHA will not provide the loan if the delinquency rate is over 15%. This could affect you if you are using FHA financing and it will affect any future buyers who want to use FHA financing. I hope this helps. ... more
0 votes 7 answers Share Flag
Thu Dec 17, 2009
Louise Fleming answered:
The last sale for the home at 1819 Ashbury was $280K in 2004. It has been on the market for 172 days. There is one other home on the market in that subdivsion, listed at $392K. Within the last 6 months, there was one sale of a bank-owned foreclosure (that was missing a kitchen) for $250K.

The home on Aberdour last sold for $238,070 in 1988. This home has been on the market for only 3 days. Within the last 6 months, there have been two sales in the subdivision, both for $410K.

Please let me know if you have any additional questions. I would be happy send you listings, provide information, or show you properties

Best regards,
Louise Fleming
Century 21 Advisors
847-946-2311
Louise@LouiseFleming.com
... more
0 votes 2 answers Share Flag
Thu Dec 17, 2009
Linda Sloss answered:
This is a home in pre-forclosure,that is for sale as a "short sale". this means that the owner owes more than he has it listed for, and the bank is willing to take less than is owed. The bank would rather do this than foreclose and own a property it has to try to sell, while it sits vacant. These are usually very good deals. However, they can take up to 90 days to get to closing once an offer is made.

If you would like more information, please feel free to call me at 630-408-2956
... more
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