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Home Selling in 60641 : Real Estate Advice

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  • Local Info4
  • Home Buying4
  • Home Selling1
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Activity 347
Wed Dec 14, 2011
Sergio Hernandez answered:
Thu Jan 27, 2011
David Jaffe answered:
Hi Michael,

I am a local Realtor who can assist with your home sale. I have over 12-years professional experience selling residential real estate.

I can be reached directly at 847-275-5528

Regards,

David Jaffe-SRES, CDPE
Realtor-Coldwell Banker
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0 votes 21 answers Share Flag
Tue Jan 11, 2011
Gerard Dunn answered:
Not at all isolated.

Banks want to get deals closed quickly once they make a decision to take an offer. 30 days is a reasonable amount of time to close. Some banks want settlement in 10 days. or even a week.

203K's are problematic - and have been problematic for years. I cannot blame the bank for delays and problems when this program is in play.

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, D.C. and Northern Virginia
703-216-9100
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0 votes 16 answers Share Flag
Thu Jan 6, 2011
Andrew Luett answered:
Hey Andrew,

Michael Hulett with Jameson Real Estate: 773-744-4447, mhulett@jameson.com

Thanks,
Andrew
0 votes 22 answers Share Flag
Wed Jan 26, 2011
Bruce Ailion answered:
If done properly, you can sell an investment property in Hawaii and reinvest the proceeds in property deferring some or all the gain. To complete a 1031 exchange you will need an exchange intermediary and follow the strict rules. Many of the larger title companies service as intermediaries and can advise you as to the rules. If you use the funds from the sale of to pay down your new home, the cash would be considered boot and subject to taxation. My clients seeking this outcome will exchange for a stable rented property, ie, a Goodyear, CVS Starbucks, that has stable long term cash floow. This can be done in an exchange. A mortgage is taken out and the proceeds of that loan can be used to pay down your new residential property.

Good luck, this is an area were skilled professional advice is required.

Bruce Ailion,
RE/MAX Greater Atlanta
CRS, CRB, ABR, MSRE, CDPE, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Internet Professional
Attorney
2050 Roswell Road
Marietta GA 30062
770-973-9700 Office
404-978-2281 Direct
bruce@locationlocationlocation.com
www.LocationLocationLocation.com
www.linkedin.com/in/bruceailion
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0 votes 4 answers Share Flag
Mon Jan 17, 2011
NA answered:
Talk to your lawyer. You can try to get the buyer's former lawyer to sign the earnest money release form. If not, you may have to go to court for it.

There was a situation similar to yours where despite the fact that the buyer was at fault, the seller offered to split the proceeds with the buyer to avoid having to go to court. The buyer agreed and everyone went home with some money in the pocket.

The earnest money should have been submitted to the State of Illinois, you can ask your agent or your lawyer to explain this one... too much to type.
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0 votes 9 answers Share Flag
Wed Nov 3, 2010
Jeff Nobleza answered:
Each listing agreement is a little different. It all depends on what you have signed. I'd be happy to sit down with you to review it if you wish.

Jeff Nobleza
Baird & Warner
773 677 5340
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0 votes 17 answers Share Flag
Fri Sep 24, 2010
Marilyn asked:
0 votes 0 Answers Share Flag
Fri Sep 10, 2010
Linda S. Cefalu answered:
Tm,

You need to contact an attorney asap! He/she is most likely going to ask whose name the house was in; if the brother's name was on the deed; was the brother given legal authority over the mother's financial business?

Linda
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0 votes 3 answers Share Flag
Sat Apr 14, 2012
Vincent J Catania answered:
Walk-in Closets are alway a plus for resale. As long as the Bathroom is accessable from a public area you should be fine. You just want to avoid the only bathroom entrance being from the Bedroom. You are on the right track. ... more
0 votes 12 answers Share Flag
Sat Nov 27, 2010
Ryan Smith answered:
Hi Maha,

Contact a local Realtor in your area to do a comparative market analysis on your property and tell you what it's worth so you can make an informed decision. It is free and will let you know where you stand.

Good Luck!

Chris Blasic
Realty world
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0 votes 22 answers Share Flag
Fri Dec 21, 2012
Anna M Brocco answered:
To sell on your own or with an agent is a decision only you can make, however do consider--your house is your home. Emotions are homebound---selling your house is a business transaction. In a business, a professional is able to best to protect your interests. Keep in mind that commissions are always negotiable between you and your agent, there are no set standards--if you do try on your own, be aware that pricing and marketing that maximizes your exposure are paramount--review recently sold similar properties in the immediate area, then make your determination as to a fair price and go from there. ... more
0 votes 20 answers Share Flag
Thu Aug 19, 2010
Scott Newman answered:
You can absolutely amend your by-laws but you need the help of a good attorney first. I recommend Jason Sherwood of Sherwood Law who's website is attached here.

If you have over 30% of your total units rented no one can qualify for financing to buy in your building and no current owners can refinance.

It is imperative that you guys keep your building saleable and in the end someone is going to be upset but it's about doing what's best for the most people in the long run.

Get in contact with Jason ASAP and learn your legal options.
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0 votes 5 answers Share Flag
Mon Aug 23, 2010
Anna M Brocco answered:
It's always a good time to sell when you need and want to sell--and a decision only you can make based on your finances, wants, needs, lifestyle, etc. Unfortunately none of us can answer with accuracy as to where the market will lead tomorrow or down the road, as none of us really knows--we all know today. ... more
0 votes 13 answers Share Flag
Thu Mar 3, 2011
Scott Miller answered:
Absolutely! If you're buying with cash, not mortgage. There are no mortgage companies these days that will let you buy with 'stated income' or no employment. Cash is king.

GOOD LUCK!

Scott Miller, Realty Associates, Boca Raton, FL
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0 votes 12 answers Share Flag
Tue Nov 9, 2010
Philip Sencer answered:
There have not been any sales of townhouses anywhere near that area for over one year, except for a foreclosure. It's a tough market. There is one on the market for 78K....3br 1bth, but no one seems to want it. I would try to wait a year or so and see if the market changes.

philip
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0 votes 7 answers Share Flag
Wed Mar 18, 2015
Mike Opyd answered:
Mon Aug 23, 2010
Philip Sencer answered:
From what you say I think you clearly should speak with a few other agents. Why would he give you comparables of 2 bedroom units when you have a 3 bedroom unit??? Something does not sound right.
It is true that people who bought back in 2005-2007 are often losing their shirts because that was the peak of the 'bubble' and prices have come down and in some areas down a lot, but you still need to do the comparisons.
Let me know if I can help.

philip
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0 votes 10 answers Share Flag
Mon Jul 5, 2010
Jim Walker asked:
0 votes 0 Answers Share Flag
Wed Jun 30, 2010
Peter Kedzior answered:
The current market awards people who are willing to take a hit while selling their existing properties in exchange for a killer deal on a bigger home. Remember, you may lose $20K on your condo, but you will most likely get a single family home for $40,000 - $60,000 less than you would had 3 years ago. Most experts agree that prices in Chicago area have dropped 30% off their peaks in 2007. Just be realistic about the price you sell your condo at and take advantage of both the lowest prices and lowest interest rates we have seen in a generation! Remember, all these properties will eventually appreciate and generally, investment in a single family home will bring larger profits than an investment in a smaller home.

Are you perhaps moving to the suburbs? How about Arlington Heights?
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0 votes 11 answers Share Flag
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