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Home Selling in Illinois : Real Estate Advice

  • All412
  • Local Info12
  • Home Buying250
  • Home Selling48
  • Market Conditions7

Activity 952
Wed Mar 9, 2016
Philip Sencer answered:
It can depend on many factors. What can you afford if you move and is it better than what you have? What would you get for your house with and without a finished basement. etc.
0 votes 15 answers Share Flag
Wed Apr 10, 2013
Michael Huffman answered:
In my opinion your focusing on the wrong thing. If your looking to sell quickly and dont want to make major updates to the home, then you need to focus on price. I do have blog on preparing your home for sale at: http://yourdenverhouse.com/fine/real/estate/blog ; This should help you, but ultimately every transaction comes down to value. If your price is the same as the updated home next door, a buyer will pick the updated home. Your price should reflect your homes condition for a buyer to see the value in purchasing your home. A Realtor should be able to assist you in pricing your home properly for the current condition. ... more
0 votes 7 answers Share Flag
Sat Jun 21, 2014
Alison Hillman answered:
Hey there!

You can check out all kinds of recommendations recommendations by clicking on the Find a Pro tab on the top right bar of this page.

Good luck,
Ali, Community Manager
0 votes 6 answers Share Flag
Sun Jul 22, 2012
Scott Godzyk answered:
If you are selling to only cash buyers the price will need to be lower as they will be looking for a deal. Your listing agent can explain the differences along with what exact values to expect. ... more
0 votes 1 answer Share Flag
Sat Jul 21, 2012
Christina Moscinski asked:
3.8% Home Sales Tax as of January 1, 2013? Yes, it’s true – but get the facts:
There are rumors about a homes sales tax rate of 3.8% which goes into effect January 1, 2013 ...

The ...
0 votes 0 Answers Share Flag
Fri Jul 20, 2012
Jay Ruhm answered:
Dcboss -

What type of feedback are you looking for?

-Jay
JayRuhm@kw.com
Direct - (847) 613-5189
0 votes 2 answers Share Flag
Tue Jul 17, 2012
Kevin Olson, Jessica Laude answered:
There isn't a "going rate" and all commission is negotiable. If you find an agent is holding firm on what they think they are worth you might consider that a good sign they'll do the same for the price of your home.

Best Wishes,
Kevin
... more
0 votes 3 answers Share Flag
Wed Mar 26, 2014
Diana Williams answered:
The best thing to do us to visit the Chicago public school website or call 311 .
0 votes 9 answers Share Flag
Wed Jul 25, 2012
Marianne Hofmann answered:
Marykay,

Do you have an offer from a builder? If so, does the price satisfy you? Also, it might matter where your home is located. A family might love to have the double lot. Please let me know if I can help.

Marianne Hofmann
Broker, e-PRO
Charles Rutenberg Realty of IL
630-664-9472
mariannehofmann@att.net
... more
0 votes 6 answers Share Flag
Fri Jul 6, 2012
Paul D. Pless, JD answered:
There are currently only 5 homes for sale in the Vineyards, and the average time on market is 470 days. For all homes in Grove Elementary, there are 32 total homes on the market with an average market time of 206 days. The market is currently moving well below $350,000. Above that it is moving considerably slower. ... more
0 votes 7 answers Share Flag
Sat Jul 14, 2012
Philip Sencer answered:
Buyers rarely find condos by driving around looking at signs or reading flyers on a gate. They look on the Internet and/or have a R E agent. Listings are put on perhaps 50+ web sites that display R E listings. Look at all the high rise buildings in the downtown area none of which allow signs. Who cares? They still sell. If you are not getting showings and you have an agent first check to be sure it is on the most common web sites like realtor.com/trulia/zillow/CL and if so then the problem probably is price and/or lack of buyers in that area. ... more
0 votes 14 answers Share Flag
Mon Jul 2, 2012
Phil Rotondo answered:
I believe the national average is less than 2%
But that's not what's intended when doing an open house.
0 votes 5 answers Share Flag
Sun Jun 24, 2012
Osh Nissan answered:
If you are asking about Evanston specifically, condo prices are still relatively stable. The potential exception is the high end condo inventory. There are fewer units of that segment available and so there is some upward pressure in that segment. ... more
0 votes 4 answers Share Flag
Tue Jul 10, 2012
Sohail Salahuddin answered:
Nicole,

Contact a good attorney asap. Lloyd Brooks, The Brooks Law Firm, is one of the best foreclosure defense attorneys in Chicago. Another very good one is Fernando Carranza, FRC Law.


Sohail A. Salahuddin | Broker Associate | Visionary
Innovative Property Consultants Team | Sales and Leasing
Jameson Sotheby’s International Realty
425 W. North Ave. | Chicago, IL 60610 

O: 312.929.1565 | C: 312.437.7799 | F: 847.805.6030
www.myagentsohail.com
"Extraordinary Service For Extraordinary Lives"
... more
0 votes 13 answers Share Flag
Wed Sep 23, 2015
Ron Thomas answered:
Gosh, it really sounds like you are answering your own question:

Do you think?
0 votes 10 answers Share Flag
Thu Jun 14, 2012
Gary Geer answered:
Markandgeorgia,
If you price your home for your market it will sell. Contact a local agent and have them show you recent sold comparable properity information. This will help you determine what a buyer would pay. Then look at other homes that are active on the market. This is your competition. Buyers do their homework and know when a home is overpriced. They ususally only make offers on homes that offer the best value. Price your home so you get alot of showings. If there is some demand for your area, you may get multiple offers on your home and the buyers may compete with their offers to get your home. The most important marketing you can do for your home is to price it right from the start.


All the best,

Gary Geer

www.ggeer.illinoisproperty.com
... more
0 votes 3 answers Share Flag
Tue Jan 13, 2015
Suzanne Hamilton answered:
Hardwood floors are very very popular with buyers and do add more value than carpet.

That being said, price is king with selling these days, so it really depends on if you think you can get the value of your home by spending thousands on hardwood and still be able to sell your home. In other words, do you think you can sell your home for what you want and still recoup the expenditure on the floors and compete or do you want to just price it to move and not do anything.

I would reach out to a few listing agents in the area and get a market analysis with or without and then decide.
... more
0 votes 5 answers Share Flag
Tue Jun 12, 2012
Ron Thomas answered:
Note; If you try renting it out, and your Lender finds out, they can (probably) immediately call in the loan, (or some such punishment).

A lot of people have been in your situation over the last three years; there is no easy way out, no soft landing.

The best suggestion I can give; if you afford your monthly vig, stick with it for another year or two:
The consequences of a Shortsale or Foreclosure is probably more than you will lose by paying on a dead horse.

A Shortsale would be second best; talk to your Realtor and the Loss Mitigation department to your Lender.

Good luck and may God bless
... more
0 votes 2 answers Share Flag
Sun Jun 10, 2012
Markita Landry asked:
Video tour: http://www.youtube.com/watch?v=9N6QVPPj824&feature=youtu.be

Craigslist ad: http://chambana.craigslist.org/reo/3068154450.html

I'm a graduate student selling a condominium ...
0 votes 0 Answers Share Flag
Tue Jun 4, 2013
Terri Tillinghast answered:
A closet and separate entrance. If you need to walk through one bedroom to get to this room it is considered a "Tandem" bedroom and is not counted separately. I hope this helps.
0 votes 12 answers Share Flag
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