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Home Selling in 60653 : Real Estate Advice

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  • Local Info1
  • Home Buying20
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Activity 347
Wed Aug 29, 2012
Matt Laricy answered:
There is no record of a previous sale in the tax records. This means it was probably sold quite some time ago. They could be right on that price.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
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0 votes 3 answers Share Flag
Thu Mar 6, 2014
Kathy Weber answered:
The best way to determine "either" pricing is to run the area comp's. Using the same parameter's that an appraiser will use to bring into the appraisal.

It depends on what area the property is located in. Our area sells within the same day or couple days if the home is in good condition and good location.

Slow moving areas take a lot more work and then proper marketing comes into the picture.

Also, to promote more attention, you could list the property for less and accept the highest offer presented. (of course, within the comp's)

Best of luck!
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Fri Sep 17, 2010
Laura Karambelas answered:
Hi Adela-

You can get that information from the Cook County Assessor's website which I provided below. That's all you need to do is type in the PIN # and all the information will be displayed.

http://cookcountyassessor.com/

I hope this helps!
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0 votes 1 answer Share Flag
Tue May 13, 2014
Laura Karambelas answered:
Hi Angie-

That is a great question! We as agent don't give appraisals rather opinion of value (Comparative Market Analysis). We look at all the active competition, recent solds and expireds(properties that were on the market and didn't sell). I recommend having an appraisal by a licensed appraiser if there hasn't been any recent comparable properties sold.

No, we don't charge for a Market Analysis....make sure you ask the agents if they charge anything before they come out. I would recommend you call more than 1 agent to get an idea of their marketing strategies, their opinion of price, what the agent charges and how comfortable you feel with them. You can ask family members, co-workers or friends for a referral to an agent they have used.

Make sure they give you a "Seller's Net Sheet" which will give you an idea of closing costs. As a seller your fees will include: taxes, title, transfer stamps, agent's marketing fee, attorney fees, etc..

I hope this helps!

Good Luck!

Laura Karambelas SFR, CNHS, RCC, CREN
Short Sale & Foreclosure Resource Agent
Baird & Warner
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0 votes 14 answers Share Flag
Sat May 22, 2010
Scott Godzyk answered:
It will only lower the value if there is damage from the pet. What it will do is may reduce the amount of potential buyers form the large majority of people with pet allergies and the small minority that are scared to death of dogs to put it bluntly.

It is a good idea to remove the pet from a condo, have the carpets cleaned to remove any odors from the pet. Pet people may not notice and love the idea of a small pet but non pet owners can smell it upon entering and may hinder a sale to one of them and could result in lower offers if they deem all the carpeting has to be pulled up and replaced to remove the pet odors or allergins.

Good luck with your sale and i hope this helps
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Fri May 21, 2010
Voices Member answered:
Chuckg

I'm not familiar with the outfit you mentioned but perhaps the below may contain some useful info for you...


Check out the Chase Properties for sale...https://servicing.chase.com/reo/property/FeaturedProperties

The Banks & Gov. have created sites to provide the Public with access to their Properties for Sale and Bid/Purchase process...

Wells Fargo...http://www.pasreo.com/pasreo/public/propertySearch.do

Bank of America...http://bankofamerica.reo.com/search/propertysearch.aspx

Gov sites...http://portal.hud.gov/portal/page/portal/HUD/topics/homes_for_sale

Here's a couple sites that provide links to these sites and more...
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp .... http://www.biggerpockets.com/bank-reo.html

For Tax Sales...Using a Public Records Search Machine to search County Records can provide you more info than you thought...
Cook County...http://198.173.15.6/sheriff_work/not_cust/sale_cal.aspx
http://www.cookcountytreasurer.com/taxdates.aspx?ntopicid=81

or State wide...http://publicrecords.onlinesearches.com/Illinois-Foreclosures-and-Tax-Lien-Sales.htm

or Nationally...http://publicrecords.onlinesearches.com/Foreclosures-and-Tax-Lien-Sales.htm

There are also sites like...http://www.williamsauction.com/
http://www.bid4assets.com/
http://www.propertyauction.com/index.cfm

Of course use due diligence...

Good luck
Dunes the $20 TruliaPro
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Sat May 22, 2010
Dan Tabit answered:
Youyou1,
The nicest units at the best price will always sell first. In a competitive market you need to stand out from the crowd. If you have the largest unit, you have a good distinction and parking is always an important feature.
As for which agent or company to pick, talk to a few friends and ask for referrals. Interview a few agents to get a sense of their experience in the current market. You want someone successful in this environment. Success from 10 years ago may not transfer.
Look up the agents online to see if they have much of a profile, check out their website & blogs and other listings to see if they market their other listings well. Best of luck.
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Tue May 18, 2010
Charb asked:
0 votes 0 Answers Share Flag
Fri May 14, 2010
Patrick Thies answered:
Every condo is different. Some have lock boxes, some the agent showing the unit needs ot pick up keys and some showing the unit need to meet the listing agent to be let in. Perhaps you could speak to the listing agent and see what is common for your area. ... more
0 votes 8 answers Share Flag
Sun May 9, 2010
Don Tepper answered:
Call the agent's managing broker. You're the one in charge. You're the one calling the shots.
0 votes 17 answers Share Flag
Thu Apr 29, 2010
Harriet Maj answered:
Mon Apr 26, 2010
Philip Sencer answered:
Yes, and it should be. There are plenty of homes in the chicago area that do not have a radon issue so why buy one that does even thought the mitigation system should resolve the problem.
If the majority of homes in your area also had the mitigation it would be less of a concern........like in some of the burbs, but in the city it is rather rare and, therefore, a negative.

philip
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Fri Aug 2, 2013
Jason Peebles answered:
Every lender has different requirements when it comes to a short sale. What I would suggest is that, if you feel you need to conduct a short sale, you contact your lender and describe your situation to them. If you are experiencing financial hardship, explain that to them. Let them know your whole story. Get their advice on what you should and should not do in order to have a short sale. Also, I would enlist the help of a local Realtor specializing in short sales and foreclosures. You are going to want to have someone on your side that has dealt with this kind of sale before, because they can be tricky. I would suggest never going late on any payments, but again, ask your lender. Going late on a payment may just in fact be a requirement of theirs in order to conduct a short sale and if that is the case, and there are no other options for you, then that is what you should do. As I have stated, I would suggest you hire a local Realtor that has the experience to deal with these sales. It can mean a world of difference. Good luck. ... more
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Fri Apr 2, 2010
jeff donnellan answered:
There are lots of ways to list your home for sale, but all the marketing in the world will not work if you don't have the correct listing price. If price your home 10-20k to high buyers won't even contact you or they will know your home is over priced. A Realtor can help you choose a realistic price, and provide many insights to today's complicated market. Also be careful of all the predators that pick on FSBOs. Good luck. ... more
0 votes 12 answers Share Flag
Tue Mar 23, 2010
Sari Levy answered:
I see a few options. You could possibly find a renter for your home and move into one more affordable. However, there are many variables to consider, primarily your current mortgage amount and whether or not you want to be a landlord.

Unfortuntely, a short sale would seem to be your best option. Historically, short sales have been difficult and lengthy but things are looking up. We represent a few clients in a similar situation and I have found the banks responsive and helpful. Recently I wrote about the upcoming changes to the short sales process at: http://blog.lucidrealty.com/2010/02/06/will-short-sales-become-short/.

Best of luck in whatever you decide to do!

Sari

877 582 4399
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0 votes 9 answers Share Flag
Tue Mar 16, 2010
Amy Foote answered:
Mia,

It has not sold. It has expired in the multiple listing service without selling. Looks like it went off the market in February.

Now I looked it up in our foreclosure records and it appears that a foreclosure action was recorded on it on 9/30/09. Did it maybe go off the market because it's going back to the bank? Maybe. Did they get a loan modification and now they're staying? Possibly.

If you have interest in it, I could try and dig a little further. Let me know. Feel free to contact me at amy.foote@bairdwarner.com.

Thanks,

Amy
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0 votes 2 answers Share Flag
Wed Mar 17, 2010
Alan May answered:
According to the MLS (and the MLS # you gave us), 612 N. Pine Expired (took the listing off the MLS) in July of 2009.

That is not an indication that it sold... merely that the seller's contract with the listing agency (in this case wall-to-wall realty) has expired, and they have not brought it back on the market, as of this time. ... more
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Tue Mar 30, 2010
Nick & Trudy Vandekar answered:
E, ask your bank if you can have the house on the market whilst applying for the loan modification. You need to also decide what you want. If you want to stay then you lose nothing by withdrawing the house from sale and applying for the laon modification. However, spring is always a good time to sell and there are plenty of buyers trying to get homes under contract before April 30th, and settle before June 30th to receive the tax credit. If it is a short sale that may not happen so decide for yourself what you truly want. Be aware that you will still need to be able to afford the home after the modification, you need to consider why you cannot keep up with the payments now and will that be an issue with a loan modification ... more
0 votes 10 answers Share Flag
Sun Apr 29, 2012
Kenneth Baker answered:
Market times in Edgewater Beach and other areas are tremendously skewed. There is an abundance of 1 bedroom condos on the market and that is mainly due to the very large numbers of short sale and foreclosed listings. The majority of the buyers go after these properties first with the hope of getting the best deal. This leaves the home owner that has a need to sell but is not in a distressed position increased market times. It's a sad situation but one that thousands are dealing with locally and nationally. ... more
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