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Home Buying in 60402 : Real Estate Advice

  • All29
  • Local Info4
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 30
Thu Sep 26, 2013
Shanna Rogers answered:
Hi unclebubarocks,

You need to contact a Real Estate Attorney as soon as possible. They will be able to tell you who is liable: you, seller(bank), or home inspector.

Shanna Rogers
SR Realty
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Fri Sep 20, 2013
Alexander Romo answered:
You can use it. There are minimum credit requirements with VA loans.
Feel free to contact me with any financing questions.

Alexander Romo
Senior Vice President Mortgage Lending
The Federal Savings Bank
For a free pre approval, go to
... more
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Fri Sep 20, 2013
Sabrina Ash answered:
Earnest money is paid upfront, and credited back to you at closing. Any down payment assistance is applied towards your down payment and/or closing cost.

If you are still needing assistance, and would like to be connected with a buyer's agent in your area, please contact me to get started. I have world wide connections in real estate! ... more
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Tue Oct 2, 2012
Christopher Pagli answered:
Hi, Your best bet is to speak directly to a mortgage broker or bank. They will assess your needs and financial situation in order to help you choose the proper loan product. Your down payment requirement will be part of this qualification process and based largely on your credit. Closing costs are typically 3%-3.5% of the purchase price but can vary from state to state. If the home needs repairs you can have service providers come in and give you estimates. One website i always recommend is, they are a reputable source for service providers. Good luck!

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Mon Aug 6, 2012
Rouso Group answered:
Tue Dec 31, 2013
Patricia McGuinness answered:
HI, Wanda. I would be happy to answer any questions you may have about condos in Berwyn. It's a great time to buy a condo right now. That segment of the market isn't recovering as quickly as the single family home market and there are still some bargains available.

Let me know what you're looking for as far as # of beds and baths, other amenities, and price range and I would be happy to set up a Homefinder Alert for you so that can stay on top of what's for sale. Then, when you're ready, I would be happy to talk you through the process and set up some showings for you.

Feel free to email me at or give me a call at 708-697-5940.


Patricia McGuinness
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0 votes 3 answers Share Flag
Wed May 2, 2012
Amy Foote answered:
Sounds like a possibility but there'd be so much more to know to determine! Call my husband, Jim, with Direct Mortgage, for more info at 847-778-9689.
0 votes 5 answers Share Flag
Thu Mar 1, 2012
KK Yan answered:
Thu Dec 1, 2011
Dan Tabit answered:
No, lenders want the buyers to have some "skin in the game." There are some 0 down loans, VA & USDA but they have limitations and qualifications which may or may not apply. Otherwise you may be able to get as little as 3.5% on FHA or 5% on conventional financing. ... more
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Fri Sep 20, 2013
Suzanne Hamilton answered:
Not usually. The downpayment is based on the program you have. FHA is always going to be 3.5%. If you are looking at a conventional loan, sometimes the down payment required can be less with a more qualified buyer, but not often. Having a cosigner is one thing, but having several people on the loan may actually look worse to a lender. Contact a lender and get a prequalification. I recommend Wells Fargo and Guaranteed Rate. ... more
0 votes 2 answers Share Flag
Tue Mar 27, 2012
Laurie Christofano answered:
Hi Tito,
I'm a local Oak Park/Berwyn agent and I understand the market very well. The first step to buying a house is to get pre-approved for your mortgage -- I've got a few very reliable loan officers to recommend to you. You'll need at minimum 3.5% for your down payment and 3.5% for closing costs (sometimes we can get the seller to pay the closing costs for you, but not always). Feel free to get in touch with me and we can set up a time to talk about the buying process and your specific needs in a home.
Laurie Christofano
RE/MAX In The Village
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Sun Feb 12, 2012
Tim Moore answered:
I am just the opposite. I get messages that someone wants info on a house. I send it and never hear back anything at all. It happens.
0 votes 10 answers Share Flag
Fri Nov 18, 2011
Raven Guzik answered:
In the Town of Berwyn each transaction is subject to transfer stamps. They are customarily paid by the sell at closing. If you are purchasing a property than more than likely the seller will be responsible for the cost. If you are selling the property than you are more than likely responsible for the cost.

I hope this is helpful.

Raven Guzik
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Wed Mar 2, 2011
** Jeremy Gryvatz ** answered:
Hi Bsong. I can connect with a top foreclosure broker in Berwyn/Chicago. He can explains all the differences and go into detail about the compliance violation rules. Email me at and Ill get y ou intouch in with the broker this week.

Jeremy Gryvatz
Broker Associate
RealWorks Residential Brokerage
... more
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Tue Mar 8, 2011
Bill Eckler answered:

Some of the common detractors that interfere with what appears to be a great opportunity on paper are: taxes, HOA and other fees, neighborhood, community guidelines, proximity to highway, RR, airport etc.

Deciding on the perfect home certainly incorporates a number of factors that extend beyond price and visual appeal. Developing a complete and clear picture may require time and multiple visits and conversations with neighbors.

You are likely correct in asking this question.....there is usually a reason! Our advice is, it would be best to determine what that reason was.

Good luck with your search,

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Wed Dec 9, 2015
Scott Godzyk answered:
Actually the cash to close will incorporate your closing costs. The cash to close will also include any down payment that you were required say 3.5% for fha or 5% for conventional and so on.

Your closig attorney or title company can easily gove you the amount you will need to bring to closing before your closing so you can get teh funds available and bring then in the form of a cashiers check. You can also ask your loan officer to get an estimate for you.

Please see my blog for tips and advice on getting a mortgage
... more
0 votes 8 answers Share Flag
Mon Jan 10, 2011
Scott Godzyk answered:
It depends on the sales price. Your first step should be to meet with a local and trusted loan offcier, be careful of giving out financials over the internet or email. They can prequailify you at no cost and get you started.

Please see my blog with tips and advice for obtaing a mortgage
... more
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Wed Oct 19, 2011
Tim Moore answered:
If a bank is selling a house they foreclosed (known as an REO or foreclosed house) they might come off their listed price by a little. In my area I can look at bank owned homes and I see they sell for about 4% below list to above listed price most of the time. Banks don't counter back and forth like a home owner will, but they will often give you a figure and you accept it or move on. ... more
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Tue Dec 7, 2010
Jack Flash answered:
There is no recent listing for 2414 Scoville in Berwyn. There is a pending sale for 2413 that went under contract on 11/24 with an asking price of $160,000.
0 votes 1 answer Share Flag
Tue Nov 30, 2010
Peter Kedzior answered:
In this market, the very best idea is to sell your current property before finding one to move to. As you know, selling your home at the price you can live with could be a challenge given all the distressed properties flooding the market. I encourage you to meet with a trusted Realtor and look at the current home value of your property. ... more
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