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Home Buying in 60707 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 14
Sun Feb 10, 2013
Mark Gorski answered:
Brick Bungalow on oversized corner lot. Octagon front with side entrance. 1st floor features living room, formal dining room, eat-in kitchen w/walk-in pantry, full bath and 3 bedrooms. 2nd floor is unfinished with lots of potential for expansion. Full basement w/exterior access features laundry room and rec room. Newer roof, flood control and more!!! BEING SOLD AS-IS BUYER TO ASSUME VILLAGE REPAIRS.
List price $189,000
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Mon Jan 27, 2014
Tim Moore answered:
0 votes 10 answers Share Flag
Sun Aug 19, 2012
Jim Olive answered:
No, there is no conflict of interest, so long as the agents are doing their jobs properly. The commission is the same regardless of whether the two agents work for the same broker. The commission IS tied to the purchase price, so in ANY transaction your statement is true: the higher the purchase price, the higher the commission (unless the commission is a flat fee determined in the sales agreement). The Seller's agent represents the interests of the seller and the Buyer's agent represents the buyer. Just because they work in the same office, they should not be sharing any information with each other that might damage their client's negotiating position. Even if they are married, as long as they are doing their job properly there's no conflict of interest. In Florida, where Transaction Brokers work both sides of the deal, even the SAME INDIVIDUAL, knowing the secrets of both parties, can act as a limited representative to both sides and conduct a sale/purchase with no conflict of interest, AS LONG AS S/HE IS DOING THEIR JOB RIGHT. It all comes down to ethical conduct. ... more
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Mon Aug 20, 2012
Mack McCoy answered:
Maybe, but it's not as great as YOUR interest in the property.

Look at it this way - this is a place you're considering spending the next several years of your life in, there may be a thousand or two incentive for agents involved; then, again, there might not.

A better question might be, "Do I think my agent would zitz me over on a deal for $1000?" We don't know the answer to that, but if you thought they would, maybe they shouldn't be your agent in the first place.

All the best,
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Mon Jun 11, 2012
Connie Bernal answered:
Almost any home inspection can do a termite inspection. They cost around 75.00. Do you need this to close on a home? You can also call terminex, I don't know how much they might charge. It's not expensive at all.
Home this helps. Look up home inspections in the internet. Not difficult to find.
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Sun Jul 8, 2012
Grazyna Jankowska answered:
This townhome is on the market for $137,500. This is a "short sale", which means that the Bank need to approve it. The taxes are $3,160 a year and monthly assesment is $175 a month. If you have any more questions you can e'mail me at ... more
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Sun Apr 17, 2011
Laura Karambelas answered:
Which unit are you asking about? There are two for sale in that building.
0 votes 4 answers Share Flag
Tue Sep 7, 2010
Scott Godzyk answered:
If they have already been foreclosed on, then the banks who own the units would have to be paying monthly fees towards the upkeep, maintenance, insurance etc of the condo association. You will have to assess if it is self managed or if they had hired a management company, you would have to have an attorney or someone review teh condo docs to make sure if no one is managing it, to vote a president and manage the association paying common building insurance and taxes while having money to pay short term maintenance such as mowing, snow removal etc and a long term maintenance reserve for roof, painting etc... You have a long hard job if everything is up in the air. ... more
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Tue Jul 10, 2012
Shivers answered:
get a lender to approve you. they can tell you what you can afford, what you need to put down, then any realtor will work with you quickly
0 votes 25 answers Share Flag
Mon May 24, 2010
Philip Sencer answered:
It sounds like somebody did not do their homework. If you are 1 week from the closing on an 'as is' purchase, as all REO's are, and your attorney has not keep on option for you to back out of the deal, then I think you are stuck with whatever problems there might be.
I find it hard to believe with an inspection on 3/6 you are still jerking around trying to figure out what problems you might have. You should have told your attorney that there were possible 'issues' with the inspection that needed resolution so he could protect your options. Your agent does not sound like the sharpest tack in the box either from what information you give, but there is probably more to it than that.
You need to talk with your attorney to find out your legal options, if any asap.
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Thu Jul 12, 2012
CMLHoldings answered:
Thu Oct 15, 2009
Wayne Beals answered:
Are you referring to a construction loan?

If so, probably not, but this question is best asked directly to your lender.

My company works with 203K and other construction loans and would be happy to get you a proposal.

Feel free to touch base with questions.
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Wed Jul 15, 2009
Larry Story answered:
With govt programs FHA and VA there are certian things that have to be up to their codes before they will allow someone to buy. VA loans are much stricter. If you really want the home it is going to be yours just as soon as you close. One way or another you are paying for it. If they take $1500 from what they were going to give you in closing costs that just means you have to bring $1500 more to closing. If this is a deal breaker for you then walk away. Many homes are being sold "AS IS" in these times and usually they are foreclosures and short sales. You are the buyer so you have to make the decision. While yes technically it is not your home in a short amount of time it will be. I have a buyer right now that is buying a home and there is one pane broken in a window on the house. That window has to be fixed per FHA guidelines before they will sign off on the loan.

Hope this helps,
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Sun Aug 22, 2010
Cheri Cage answered:
Dogs Allowed! Hello Mary! I have located a few dog friendly buildings in Elmwood Park. Feel free to contact me at We would welcome the opportunity to be of help to you! ... more
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