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Hinsdale : Real Estate Advice

  • All44
  • Local Info5
  • Home Buying15
  • Home Selling2
  • Market Conditions8

Activity 29
Tue Apr 16, 2013
Cindy Valek Mottl answered:
You didn't say who it was that you are calling and why you're not getting to see properties. Landlords? Realtors? When you asked this question last Wed., several agents active in Hinsdale answered you and gave their contact information. Joe's right. Inventory is very tight and that area is highly desirable. When I checked the MLS last week, there were almost no rentals available in that area and price range. Are there other area schools you would consider? Are there issues with you as a renter, such as a damaged credit score or eviction? If all is as it should be, make sure you are working with an agent famiar with Hinsdale who can advise you the moment a new listing comes on the market. ... more
0 votes 9 answers Share Flag
Thu Apr 11, 2013
Geoff Ommen answered:
Your timeline is perfect for a 6/1 move in. Inventory changes frequently. Let me know where you are coming from, and how you would like to proceed. My neighbor went to Hinsdale Middle, so I am familiar with the area.

Geoff Ommen
Broker Baird & Warner
847-271-2622
Geoff.ommen@bairdwarner.com
www.geoffgetsit.com
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0 votes 4 answers Share Flag
Thu Feb 14, 2013
The Casselyn Group answered:
The commission is paid at closing, once your receive/transfer title on the property.
0 votes 5 answers Share Flag
Sun Oct 14, 2012
Tim Moore answered:
If you are actually talking about homes that are in foreclosure and waiting for the auction to occur, those are not listed here or on most websites. Most people incorrectly use the term foreclosure. Once the auction has occurred they are no longer correctly refereed to as a foreclosure. Once the foreclosure process is over there is a new owner, often this is the bank taking it back and now it is called a bank owned property or REO (real estate owned) property owned by a bank. While it is in the process of being foreclosed there are no Realtors involved because the owner can't make payments and they can't pay a Realtor, so we have nothing to do with a true foreclosure until it passes that process and becomes bank owned. Once the bank owns it they can get around to listing it for sale with a Realtor and then they are here and on hundreds of other sites. They won't use the term foreclosure, often, since it is incorrect and we try to use the correct terms for homes.

I hope this answers your question. Bank owned homes, that were once foreclosed, are listed here and every other website as homes for sale. It matters very little that they were once foreclosed, they are for sale and must compete in the market along with all other homes based on their value as of today.
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0 votes 4 answers Share Flag
Thu Jul 26, 2012
Jay Ruhm answered:
Dual agency is tricky.

Agents must balance negotiations with both sides, while having confidential information that affects those negotiations. They cannot use any confidential information to steer either side.

This sounds like a shady agent, but I'm sure there is much more to the story than outlined here.

If you have an issue, I would talk to the managing broker in the office first. If that doesn't resolve the issue, maybe try the local board that they are members of.

Hope this helps.
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0 votes 2 answers Share Flag
Sun Mar 17, 2013
Scott Butcher answered:
Yes, check with US Bank or a local mortgage bank that has access to US Bank funds. If your credit score is over 700 FICO then you might be eligible to get up to 85% - 90% LTV financing with no Mortgage Insurance or Escrows. The ultimate LTV depends on whether your looking to purchase or refinance and what your loan amount happens to be.

I can't lend in you home state, but I'm sure some others will post here shortly that might be able to assist.

Good luck!
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0 votes 3 answers Share Flag
Thu May 16, 2013
Dan Chase answered:
Most of the time you will lose money on a stay so short. The real problem is closing costs and realtor fees when selling. It is possible house prices could increase by 45% in 3 years, but it is exceptionally unlikely.

Does it make more economic sense to rent or buy? Using your numbers find out which way below.
http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself

Why renting at a higher monthly cost could be the cheapest way out. A very different look at things below.
http://www.trulia.com/blog/dan_chase/2010/02/why_rent_if_you_could_buy_for_less_money_valid_reasons_inside

Consider some reasons to wait to buy a house.
http://www.trulia.com/blog/dan_chase/2010/01/10_valid_reasons_to_wait_to_buy_a_house

Do low interest rates make it a good time to buy? Maybe not, consider the blog below and the comments also.
http://www.trulia.com/blog/dan_chase/2010/01/do_low_interest_rates_really_make_it_a_good_time_to_buy_a_house

It comes down to monthly cost, including repairs, heat, taxes, insurance and so on compared to cost per month to rent. Then add in closing costs and realtor fees to sell. Consider the risk of being unable to sell and move away easily when the time comes and make a decision.
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0 votes 12 answers Share Flag
Tue Oct 5, 2010
Anna M Brocco answered:
For a clear picture, consider contacting any licensed contractors and ask for estimates based on your wants and needs and go from there.
0 votes 1 answer Share Flag
Wed Dec 18, 2013
Jamie King answered:
Tue Aug 20, 2013
Steve Wagner answered:
It's probably a fair bet that all those areas where the homes are in D 181 will experience similar market fluctuations over the next 10 years since schools tend to be one of the bigger influences on property values. Where you may see some differences will be in the area of property taxes (that is to say the mil rate which is outside of the influence of the D181 taxing body) and the effectiveness in each of those governments. there might also be some difference based upon the "value of the name" of the community. On balance, probably all will be seeing values change at a similar rate barring any localized disruption. Make sense? ... more
0 votes 7 answers Share Flag
Wed Nov 8, 2017
Dan Chase answered:
I do not have an answer for this. A lot will depend on how much the lot costs. Add land, the cost of well, septic, and driveway. That usually is about $10-15k where I am.I have seen a big modular house for not much over $100k. A modular is just like site built except for being made in 2 pieces. I would consider building with quadralock or other foam block with concrete poured in the middle construction. It is said to cost about 5% more than wood. BUT concrete and foam do not rot. Bugs do not eat concrete, and it will be a lot quieter and cheaper to heat. End results are likely about the same monthly payment when you factor in energy. Just be sure to look for an experienced builder who has used that system several times before. The sites that sell the foam blocks are glad to help find someone who can use them to build a house for you. Good luck. ... more
0 votes 6 answers Share Flag
Fri Sep 25, 2009
Patrick Thies answered:
That's something the agent should have worked out with the builder ahead of time. The land is a separate transaction from the build. Many agents sell builders or buyers the lot and then get paid on the build for bringing a buyer. ... more
0 votes 6 answers Share Flag
Wed Jul 15, 2009
Gail Jensen Greenman answered:
I don't think so. As professionals it is our job to be educated and realistic about asking prices when working with clients. Right now the lenders are making the decisions sometimes it doesn't even make sense to us as realtors. It can make for frustrating times. ... more
0 votes 1 answer Share Flag
Wed Oct 30, 2013
Tracy Anderson answered:
I have been using all 3, just started using twitter a month ago, so I am still a bit of a novice there, but I am enjoying it. LinkedIn in is a must, but I haven't gotten that much traffic off of it. Facebook has been great, I have gotten in touch with old friends, kept in contact with current friends. I have gotten several clients from my Facebook connections, which isn't even like "work" these are just people I already know. Whatever you decide just don't be making it all about that your a Realtor, it is a huge turnoff. Someone described it to me this way, you wouldn't walk into a party and ask "Does anyone want to buy a house? I am Realtor." Just use it as another way to keep in touch and have fun with it. ... more
0 votes 6 answers Share Flag
Fri Dec 21, 2012
Daniel A. Lamas, CNS, CMS, TRC answered:
Hi Katie,
I'm sorry to hear about your father's situation. Please feel free to email me some basic criteria- such as price, number of bedrooms, etc. and I'll be more than happy to email you some rental possibilities. If it's easier you may also contact me by phone. I look forward to working with you and hope this helped.
Sincerely,
Dan



Daniel A. Lamas, CNS, CMS, TRC
Licensed Real Estate Professional in IL & FL
Coldwell Banker Residential Real Estate, LLC
967 West 75th Street
Naperville, IL 60565
(305) 776-6993- Cell
http://www.coldwellbankeronline/danlamas
... more
0 votes 4 answers Share Flag
Fri Feb 20, 2009
Mary Strong answered:
Hinsdale does have a few beautiful Victorian type homes on the market. They have been on the market a long time partially due to bad market conditions as well as being overpriced when they first went on the market. Price reductions between $400,000 to $600,000 now make these homes much more tempting. We have an older home with a mix of gas forced air & radiators - the radiators win hands down! We have a space pak in our attic for cooling that works fantastic. Make sure the major mechanicals have been updated - heating, cooling, plumbing (make sure water service pipe that connects to main is copper), electric (your home inspector will be able to tell you if it is up to code), insulation. If you need to relocate within 1-2 years, in this market it would be difficult no matter what you buy. However, I do think that at these low prices, you should be fine with these Hinsdale beauties! ... more
0 votes 2 answers Share Flag
Wed Jul 22, 2009
Penny O'Brien answered:
http://www.ccsd.net/schools/zoning
I hope this helps you, let me know if I can assist you with anyother real estate questions Penny
0 votes 6 answers Share Flag
Thu Apr 9, 2009
Brandon Schuppe answered:
I, along with my office, covers the Hindsdale area. Besides working in the area, we also live within the area.

Contact me and I can actually send you emails of land right through the Multiple Listing Service. We can also look at your whole situation and see what may be coming up soon. ... more
0 votes 5 answers Share Flag
Mon Nov 3, 2008
answered:
Ginny;

I have the same problem and they keep telling me it is the feed we are sending. Send an email to trulia. After about 4 people I did gett a person who was very helpful.
0 votes 2 answers Share Flag
Mon Feb 17, 2014
Brandon Schuppe answered:
The MLS is showing that the average listing price in Hinsdale is $1,326,386.

If you need average market time or anything else, send me an email.
0 votes 7 answers Share Flag
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