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Home Buying in Illinois : Real Estate Advice

  • All416
  • Local Info12
  • Home Buying252
  • Home Selling50
  • Market Conditions7

Activity 3,840
Thu Jul 11, 2013
Geoff Ommen answered:
Stressed

There are several communities to choose from with those general parameters. Bollingbrook has several, including Fairways of Augusta, Oak Lawn has Eagle Ridge. Lemont has a few as well.

If you are working with an agent, they should be able to easily pinpoint these areas for you and help you focus on what you specifically need. Homes in this age/price range can be getting ready for various levels of updating, depending on the quality of the original build. Agents don't cost the buyer anything, and will ultimately help you get the fair price and cut down on your stress time!

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
0 votes 4 answers Share Flag
Wed Apr 17, 2013
Geoff Ommen answered:
Generally speaking no. Foreclosure homes in that price/condition rarely qualify for a loan. You need to speak with a mortgage broker to understand what your best opportunities are for home ownership.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
0 votes 1 answer Share Flag
Fri Mar 21, 2014
Joe Schiller answered:
go to the cook county assessors office and they will tell you
0 votes 10 answers Share Flag
Mon Apr 29, 2013
Bill J Deligiannis answered:
Plenty of options are available for you depending on your budget and size requirements.

Do you need a specific elementary school or middle school?

Feel free to contact me, I'd be glad to assist you with your search.

Be prepared to provide your work and past rental history in addition to your credit history.
... more
0 votes 5 answers Share Flag
Fri Apr 19, 2013
Coleen Grenier answered:
Yes, such a nice location and sub-division in Stevenson HS. It is Bank Owned. MTG.Lein on the house.
Feel free to call, text, or write Abra1950.
I'd be happy to help out.
Coleen
0 votes 3 answers Share Flag
Tue Apr 16, 2013
Patti Smith answered:
I am a from a military family and would be happy to help you. Please call me at 309.231.5090 at your earliest convenience!
0 votes 4 answers Share Flag
Tue Jul 16, 2013
Geoff Ommen answered:
Hi Mr Fred
First thing you want to do us talk with a mortgage broker or banker. They are best equipped to help you understand what to do with your credit and what your timeline would be to qualify for a home loan. Most real estate agents have relationships with brokers and can provide you with a referral. Once you know your timeline, you can discuss the details with an agent so that you are all working together to meet your goal.

Geoff ommen
Broker baird&warner
847-271-2622
Geoff.ommen@bairdwarner.com
Www.geoffgetsit.com
... more
0 votes 5 answers Share Flag
Thu Aug 1, 2013
Laurie Christofano answered:
It's an absolute travesty - luckily the demo bug has yet to hit my home market of Oak Park...
0 votes 3 answers Share Flag
Sun May 19, 2013
Laura Karambelas answered:
Good morning!

Yes, in our current market there can be 5 contracts on a property. Our inventory in Downers Grove is down about 19% from last year while our sales are up approximately 32%. Our low inventory and an increase in sales is creating demand. We are seeing multiple offers and a very quick market time.

I don't know which home you are referring to so I am not able to answer about the amount of money needed to clean the property.

Does your daughter have an agent of her own? If not, I would recommend that she works with a local agent who will help her through the buying process as well as explaining the market in Downers Grove.

I hope this helps!
... more
0 votes 7 answers Share Flag
Mon Aug 5, 2013
Nancy Milton Holtzscher answered:
Hi, Imajn1: Could you be a little more specific? I will try to help, but don't know what you mean by a "group of home buyers." Thanks.
0 votes 5 answers Share Flag
Tue Apr 16, 2013
Evelyn Santiago answered:
Despite the fact that this home is already under contract as of 3/29/13 the taxes are $3,089 for 2011. If you are interested in similar homes feel free to contact me so I can send you available listings. ... more
0 votes 2 answers Share Flag
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
Tue Apr 16, 2013
The Michael Lescher Team answered:
I have not been through the home you mention but, to answer your question, yes, mold can kill someone, but the incidence is extremely rare. there are hundreds of types of mold and only a handful are toxic. While the health effects of mold shouldn't be ignored, most mold can be effectively mitigated. ... more
0 votes 3 answers Share Flag
Sun Apr 14, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 1 answer Share Flag
Sat Apr 13, 2013
Bob Brandt answered:
Each seller is different. Ask your Realtor if they think you should resubmit it or have them treat you as a backup offer and see if it falls through.
Probably best to keep looking for the next right home. ... more
0 votes 2 answers Share Flag
Thu Aug 15, 2013
Bob Brandt answered:
I suggest you totally declutter, then totally clean and then call in three local Realtors from the 3 big companies nearest to your home. Test them to see how available they are by phone and also by email. Then ask them for advice on painting and what to do to make it ready to sell. Do not paint it all yourself with glossy paint on the walls or some other painting mistake. Flat finish paints hide bumps better. The comfort factor you feel with each Realtor, the pricing knowledge in the market and their marketing plan will guide you towards picking the right one. ... more
0 votes 11 answers Share Flag
Fri Apr 12, 2013
Bob Brandt answered:
I think you entered an Illinois Zip by accident. To get the most accurate answers, you should contact some builders ( or at least Realtors) in your price range and in that immediate location, as prices can vary widely and answers from Realtors all over the country may be less than helpful. ... more
0 votes 1 answer Share Flag
Tue Oct 8, 2013
Dawn Larsen answered:
Sat Apr 27, 2013
Claire-Anne Aikman answered:
How long has it been rented? Is there any chance the tenants want to own it? If so, maybe you work out a lease to own option for them? If Pittsfiled was a larger city marketing would help, but judging from the size I'm betting everyone there knows the situation with this property... ... more
0 votes 1 answer Share Flag
Fri Jul 19, 2013
Sandro Gonzalez, ABR answered:
Yes it would, however, to be safe scraping all the paint off is best... The reason FHA won't allow chip paint is the potential for lead poisoning.. Hope this helps!
0 votes 5 answers Share Flag
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