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Des Plaines : Real Estate Advice

  • All110
  • Local Info7
  • Home Buying23
  • Home Selling5
  • Market Conditions3

Activity 41
Sat Aug 28, 2010
Carolyn Young answered:
This was a bank owned home that was sold in June for $155,000. At this point it has not been put back on the market. If you would like me to keep an eye on it for you, I can let you know if/when it is relisted for sale. Just send me your e-mail address and I'll watch it for you.

In the meantime, if you have any interest in seeing or knowing about other properties, just let me know.
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0 votes 1 answer Share Flag
Fri Sep 18, 2009
Martine Wirthlin answered:
Who paid for the appraisal? If you paid for it, I'd ask the appraiser to give you the details of what they added or subtracted to get their results. Check the dates the comparables sold. Since the market is what it is, banks are being very conservative about lending. They only loan a percentage of what the value is, so if the appraisal wasn't high enough they won't do the loan. Try to contact the bank and see if they can do anything else to help. Most banks are working with people now. You can get another appraisal, and if it comes in higher, then the bank may use an average of the two. ... more
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Wed Aug 12, 2009
Jerry Lorenz answered:
Marg

I think you may have a problem getting a loan with those credentials. My suggestion is to save some money and look at a land contract. Because the market is so poor right now a lot of sellers at starting to look strongly at this as a solution to sell
Jerry
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Wed May 27, 2009
Carmen M. Keslin E-Pro answered:
Hi B,

Check out the best lender I have EVER worked with in 14 years, Niki Igel, 630-854-7434. She has great rates, low closing costs and is very knowledgeable! She has a lot of programs and even does credit repair for FREE! You will be glad you called her. She will even pull your credit over the phone for FREE and if you'd like she will send you a loan appliacation via Fed EX, so that you can fill it out at your convenience and then put on the postage paid fed ex label. She is GREAT!!!! She returns your calls, she even works on weekends and late, when other lenders wait till Monday morning. Give her a try, you have nothing to lose, as she does not charge you a fee to apply or to pull credit. You should have no problem with a credit score of 625 so you will just have to qualify via debt to income ratio. Niki is very HONEST! You have nothing to lose just a phone call. If you have any other questions, feel free to call my on my cell, 708-533-0515. I have an awesom email program that I can put you on, if you do not have a Realtor. Niki will tell me what you qualify for and then all I need is your email address and criteria and then we can go view homes. Tell Niki Carmen from Remax referred you. I look forward to hearing from you.

Carmen Keslin E-Pro
708-533-0515
Remax 10 In the Park
www.CarmensHomes.com
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0 votes 5 answers Share Flag
Tue Mar 24, 2009
William Chu answered:
Niles, if buying a SFR (single family detached residence) as an investment, you can secure mortgage financing with residential lending terms. This said, mortgage financing with residential lending terms will require closing in your individual name(s) rather than a Corp, LLC or etc. This also applies to multi-unit property (up to 4 units).

A property that is more than 4 units will require commercial mortgage financing. In this scenario, financing can allow for application, closing and titling under a Corp, LLC or etc. Similar to residential mortgage financing, commercial lenders will require some history from the Corp, LLC or etc as part of their review for loan underwriting and decision.

If you have more specific questions, you are welcome to contact me for a detailed consultation.
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Sun Mar 8, 2009
Brian Nygard answered:
Park Ridge

Brian Nygard
Realtor/Owner
IllinoisRealEstate.com
0 votes 2 answers Share Flag
Sat Oct 27, 2012
Marty S answered:
There are several goverment loan programs and tax credits available. Sit down with a Mortgage Broker (Such as Myself) and discuss.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com
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Sat Feb 21, 2009
Dennis Toomey answered:
This home shows cancelled in the MLS. Would you like a list of available homes?
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Thu Feb 5, 2009
Chris Manisco answered:
Mary,
I would be happy to go over the market value of homes in the DesPlaines and Mount Prospect areas with you. Call me and we'll sit down and look over the different areas and subdivisions that you are specifically looking at, and also find homes that are within your pricing criteria. You can also go to my website at www.ChrisManisco.com to search for properties in those two areas, choose your favorites, and I can show you those properties that you're interested in seeing. To request a FREE Buyers Handbook, email me at Chris@ChrisManisco.com. Thanks for your question! ... more
0 votes 2 answers Share Flag
Wed Jan 14, 2009
Bill Eckler answered:
James,

Your question is one that balances on a fine line between the legal world and real estate. Our recommendation is to speak with an attorney to be on the sale side.
0 votes 5 answers Share Flag
Thu Feb 5, 2009
Jan McNulty answered:
Wed Apr 30, 2014
Debra B. Albert, PA answered:
And so do I. We are in a declining market nationwide. Now is the time to buy!
0 votes 4 answers Share Flag
Tue Oct 21, 2008
Brandon Schuppe answered:
It's showing that it's under contract.

I have a nice 3 bedroom ranch in Elk Grove Village for 249,900 if you're interested. You can visit my website and click on "Brandon's Listings" and you'll see it. ... more
0 votes 2 answers Share Flag
Mon Sep 22, 2008
Laura Karambelas answered:
Hi Elaine-

The home at 1694 Maple in Des Plaines is showing a "pending" status as of 9/15/08.

I hope this helps!

Laura Karambelas
0 votes 1 answer Share Flag
Sat Sep 13, 2008
Greg Zaccagni answered:
Hope you find this to be hepful.
http://en.wikipedia.org/wiki/Structural_encroachment
0 votes 7 answers Share Flag
Sun Sep 7, 2008
Larry Story answered:
Heather you can offer whatever you want to. If you have an appraisal from a licensed appraiser then that will lend weight to your offer and justify the price you are willing to pay. Let's face it all they can do is say no. At the very least they will counter at which point you and your agent need to discuss strategy. You also have to consider that they bank will not lend you over the appraisal amount nor will they most likely even give you a high percentage considering the state of the mortgage industry.

Hope this helps,
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0 votes 6 answers Share Flag
Fri Oct 1, 2010
Andy Linss answered:
I'm sorry, but no Realtor can answer this type of question without jeopardizing their license. Generically, I would suggest that you contact the local police and request call statistics on the area. There are also many websites offering registered offender information that might be of interest to you. The best way to determine your comfort level though may be to go to the area at various times of the day and evening and talk with people. You can even knock on doors if you like and ask how residents like the area, etc. Your gut feel will tell you if it is a neighborhood that you would like to call home. If after all of that you still question the neighborhood, you should probably trust that feeling and look elsewhere. Remember that the three most important considerations in buying Real Estate are 1-Location, 2-Location and 3-Location. ... more
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Mon May 5, 2008
Juan answered:
Claudia,
Check FEMA Website at http://msc.fema.gov/webapp/wcs/stores/servlet/FemaWelcomeView?storeId=10001&catalogId=10001&langId=-1
0 votes 4 answers Share Flag
Sun Jan 13, 2008
Jim Welden answered:
Bette - Please review the contract - in my area, the contract terminates at some point unless it is amended and extended further - Call the Managing Broker of the office and tell that person your contract has terminated and you want the marketing materials removed; if this agent is the managing broker, then tell him to either terminate the contract or you will contact the Real Estate Commission in your state.

We advise you to use a local Realtor because the vast majority are not like this agent - the sale or purchase of your home is too big to work with someone who is not familiar with the area and a local agent typically is familiar with the area - if you read this forum frequently, you would have to agree that you probably would not be experiencing this if you were working with one of the many prorfessionals that respond to these questions. Keep us posted on how it goes.
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0 votes 5 answers Share Flag
Sun Jan 13, 2008
Alan May answered:
It depends how your marketing agreement is worded... if the agreement simply "expires" on 1/6/08, then it should have been automatically cancelled, and a call to the agency's office should take care of it.

But there might be a clause that might require you to actively "cancel" the listing, or it automatically renews. Either way, it seems like a call from you to the agent or agency would resolve the issue.
... more
0 votes 11 answers Share Flag
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