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Mchenry County : Real Estate Advice

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  • Home Buying8
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Activity 176
Fri Jan 15, 2010
Kelly West answered:
Hello Michelle,
Below is the only information I can find on the home on Choplin

Status
Awaiting Update
Entered On
7/24/2009
Auction Date
Awaiting Update
Auction Location
OFFICES OF WEISZ BOTTO & GILBERT 2030 N SEMINARY AVE WOODSTOCK IL 60098
Referee
09ch62

Good Luck
... more
0 votes 1 answer Share Flag
Tue Dec 28, 2010
Melissa Kampschroer Leetzow answered:
Hi Alglover

It would be in your best interest to speak with a Loan Officer, if you have not done so already to see what would be available for your particular situation.

If you act quickly, you could possibly get the $8k tax credit before it expires.

Melissa Leetzow e-PRO Realtor
Coldwell Banker Primus
815-382-2957
... more
0 votes 5 answers Share Flag
Thu Nov 26, 2009
Melissa Kampschroer Leetzow answered:
Good Morning Gina

According to the MLS there are only two listings at this time. One being a short sale on the market for 71 days at $339,900 and the other on for 37 days at a price of $409,900. And the last sale in that neighborhood sold in June of last year, on the market for 150 days.

Good Luck

Melissa Leetzow e-PRO Realtor
Coldwell Banker Primus
... more
0 votes 3 answers Share Flag
Sat Dec 11, 2010
Alan May answered:
I think they question you're asking here is "will offering a cash bonus (or incentive) to the buyer's agent help sell a property?"

Personally, as an agent, I don't show properties that offer a cash bonus, any more or any less than any other properties. I believe in offering incentives to the people who count... the buyers. The best incentive you can offer them is a reduction in the purchase price. Or you can offer closing cost assistance. ... more
0 votes 12 answers Share Flag
Sun Oct 4, 2009
Greg Olson answered:
Do you homework with your agent and put in your best offer. Tell them to take it or leave it. Even if you did overpay, the property will not appraise and you will be protected. This does happen in today's market and many times the seller will reduce the contract price....really what are there options?? Good Luck!
Greg/REMAX
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Wed Sep 16, 2009
Peggy S Baker answered:
As I am somewhat unclear of your specific question, if the HOA has a policy withing their ByLaws and Condo Declaration that no renters are allowed, but in fact allowed 5 other owners to rent but did not allow you to rent your condo, this is a problem. On the other hand, if the HOA had such a policy and the owner rented without permission, only for the HOA to find out about it, it is within the law for the HOA to fine and basically do what they will until the tenant is removed.
Maybe you might restate your question, but if the rules and regulations state one thing, and they allow some to do and other not, this is a matter for an attorney and not real estate agent.
My experience has unfortunately seen the side of owners renting when they didnt have permission, and subsequent had to pay major fines for the entire year the tenant was in occupancy.
Would be happy to answer if you can provide more details.
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Thu Oct 29, 2009
Mchenry Neighbor answered:
Yes, you can take the Metra NW line commuter train from McHenry to Des Plaines. At the Des Plaines Metra station, transfer to Pace Bus #208 which makes a stop at the Woodfield Mall.
0 votes 0 Answers Share Flag
Tue Jan 26, 2010
Nichole Lathus answered:
HELLO SHARON,

I WOULD BE HAPPY TO SET YOU UP ON A PROPERTY SEARCH FOR BOTH CRYSTAL LAKE AND LAKE IN THE HILLS. THERE ARE A LOT OF SUBDIVISIONS IN CRYSTAL LAKE THAT ARE WONDERFUL.BOTH TOWNS HAVE A LOT TO OFFER.
PLEASE SEND ME YOUR EMAIL ADDRESS AND I WILL SEND YOU SOME PROERTIES FROM CRYSTAL LAKE AND LAKE IN THE HILLS THAT I AM SURE YOU WILL LOVE.
MY EMAIL ADDRESS IS nlathus@yahoo.com . FEEL FREE TO VISIT MY WEBSITE AND PERFORM YOUR OWN SEARCH IF YOU WOULD LIKE TOO BY GOING TO www.mccolly.com/nlathus .

HAVE A WONDERFUL DAY,
NICHOLE LATHUS
MCCOLLY REAL ESTATE
708-646-6533
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0 votes 10 answers Share Flag
Wed Jun 17, 2009
Chris Covalle MBA, CPA answered:
Hi Sjea, yes you can utilize extra funds towards either a smaller loan size or an interest rate buydown. Based on a $150K loan size as an example the payment difference between the $150K and a $142K loan size at the same rate is ~$46/mth. On the other hand, keeping the base loan of $150K and paying two points (~$3,000) towards lowering the interest rate would gain ~1/2% reduction in rate which would yield ~$47/mth in savings. The answer may be option 2 which would leave you with gaining the equivalent monthly savings and still keeping $5K in your pocket. Please advise if any questions, ... more
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Mon Jul 20, 2009
Peggy S Baker answered:
First, you must have an attorney draw up any papers for you and actually counsel you as to the precise steps needed. As a REALTOR, we cannot give legal advice, but the process is fairly simple, and would be happy to refer 2 or 3 different attorneys to you to assist. Basically a new deed has to be prepared, and again, you are most safe utilizing an attorney for this. I cant imagine the cost being that significant. The documents must also be recorded, and you want to make certain your transfer is indeed legal, and correct in the eyes of the law. ... more
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Sat Nov 3, 2012
Mike Stawizky answered:
Hello Brent,

Are you working with a Realtor now? I am a Realtor licensed in the state of Michigan. If you have access to the MLS then it should display that information for you on the listing ticket. I wish I could help more but I have no access to listings in IL. If you are not working with an agent I would suggest you contact one. They will be able to help you in your need. If you need more questions asked feel free to contact me.


Best Regards,

Mike Stawizky
Keller Williams Realty
(248) 980-4406
... more
0 votes 4 answers Share Flag
Fri Oct 9, 2009
Mark Tracy answered:
Yes, you can appeal your property taxes in McHenry County. Find out what township the property is located in and give the township office a call. They should give you direction is what is required and when. As an appraiser and realtor, the township staffs are very friendly and will certainly answer your questions. Good luck in your quest and feel free to call me anytime if I can be of further service. Blessings, Mark Tracy \ Keller Williams Success Realty & Market Data Research, Inc (my appraisal company). ... more
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Thu Feb 19, 2015
Rick O'Connor Group answered:
HI Eric,

The biggest difference betweena short sale and a forclosure is time. A forclosure is owned by the bank already and can respond to offers quickly. HOwever many times the utilties have been shut off and the homes are in tough shape. A short sale can take 8-10 weeks to get an answer to your offer and there is no guarentee they willaccepte it. However many time the homes are in better shape and utilties are still on. As far as what to offer that really depends on alot of circumstances, condition market time etc. You should have your Realto pull comps so you know what other properties are selling for and use that as a guide since those are the same things the bank is using to set the price or to decide to take your offer. Otherwise if you dont mind writing offers, you could write on everythign that you like for 20% under asking and see where it goes. But know that this is very time consuming and can be frustrating have ing to wait all the time for an answer.

Larry Lang, ABR, GRI, Broker Associate
Realty Executives Cornerstone
815-477-3000
... more
0 votes 4 answers Share Flag
Mon May 18, 2009
Keith Sorem answered:
See link below. You are in a tough market.

Interest rates at record lows.
Economy in the tank.

In most markets homes are selling, more this year than last year, but at much lower prices. Do you think the economy is going to be markedly better next year? I don't. So you either sell at a loss now, or rent it out and sell at a bigger loss next year.

IMHO keeping as a long term rental might make sense. it depends on your retirement financial plan. You might want to discuss strategy with a financial planner and/or CPA.
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Sun May 17, 2009
Dana Schuster answered:
You really should contact a local agent to discuss the way this works in Illinois. it is different in every state. also your agent can explore properties which offer this option.
0 votes 1 answer Share Flag
Tue Apr 2, 2013
John Carlson answered:
Wonder Lake like every town has good and bad points. The homes are extremely affordable and it is ideally situated in Lake County. If you have questions about safety you can contact the local police dept.'s web site to track the amount and types of crime that happen in Wonder Lake. ... more
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Wed Aug 12, 2009
Scott Epstein answered:
Hi Deb,

First, it will be impossible to pick the low in the housing market as you will not know we were there until about 6 months after the fact. Could housing prices fall? Certainly. However, there are some discounted properties out there, most are either foreclosures and/or short sales. There are many different ways to invest in real estate and I would be happy to discuss this with you. I can be reached at 847-829-0130.

Scott Epstein
Broker/Owner
IllinoisRealEstate.com
Realty Resources LLC
(847) 829-0130
... more
0 votes 3 answers Share Flag
Sun Oct 10, 2010
Tom answered:
I just recently bought a foreclosed home. I never had any issue with a PMI company, however the bank dragged their heels on my purchase as well. I made an offer, they sent me a letter saying there was another bidder, and then I went without a response for 8 or 9 days. I sent the bank a letter stating that if I did not recieve signed acceptance in 24 hours, I was withdrawling my offer. 1 Hour after sending the letter I had signed acceptance. Its difficult to deal with a banks, but if you give them the impression that your willing to walk, they will respond because they dont want the operating expenses for an additional month, or months. ... more
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Thu Oct 1, 2009
Rod answered:
I have noticed an important movement to the Northwest suburbs from the City due to the excellent quality of schools, family oriented neighbors, living cost and quality. Crystal Lake / Prairie Grove is close to all highways, excellent restaurants, home value is great...have a friend moved from the city and get 40% better home for the mony than the City.... ... more
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