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Romeoville : Real Estate Advice

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  • Local Info1
  • Home Buying17
  • Home Selling2
  • Market Conditions1

Activity 34
Wed Mar 3, 2010
Pierre Calzadilla answered:
Nana,

I have personally bought and sold two homes and was also a licensed broker. The best bet is to buy a home that fits your needs for at least 7 years, that the price is fair and that you are building equity with your payments. When thinking of resale, you can't make any bets not knowing what lies in the future. You can look at the area and see what type of home is keeping its value, and historically which kind of home is popular.

The best advice I can give is to buy what you can comfortably afford, fits your needs and can grow with you.
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0 votes 5 answers Share Flag
Wed Mar 3, 2010
James Deskins answered:
It depends on what it's worth. And it depends on the comparable sales data for similar homes. Without that nobody can answer your question.
0 votes 7 answers Share Flag
Mon Mar 1, 2010
Anna M Brocco answered:
Don't worry too much about resale, areas can and do change all the time and who knows where the market will be down the road--consider--where will you be the happiest living, what suits your lifestyle best, where can your comfort level best be reached,etc.--then make a determination. What is your agent suggesting... ... more
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Wed Feb 10, 2010
Chris Covalle MBA, CPA answered:
Yes, having a non-occupant co-borrower on the loan can be used to lower the overall debt to income calcuation used in the loan approval process. Keep in mind that not only will the co-borrowers income be added to the application, but that their liabilities will be included as well. FHA loans will not require you to maintain a specific debt to income ratio while conventional (Fannie or Freddie) loans will, depending on your overall down payment. Please do not hesitate to contact me w/ any additional questions, Thanks ... more
0 votes 3 answers Share Flag
Tue Feb 9, 2010
Alma Kee answered:
The good news is it sounds like the Broker Price Opinion may have been done already if the "processor" thinks your offer may get accepted. The listing price may not even be in the ballpark of acceptable value so it oftentimes is a meaningless number. In fact, some less than ethical listing agents knowingly list a property well below an acceptable price because it generates so many leads from buyers who think they are going to get a "steal". In Florida this is considered false advertising but many Realtors regularly engage in this type of activity. ... more
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Mon Feb 8, 2010
Steve Roake answered:
In order for this to work you would also need to refinance the loan and have the new borrower added. Even then, lenders may not see this as a reduction in your debt. I'm curious about your evaluation of the home's value and I'd like to help. Renting the home would probably requre 2 years of history in order for the income to assist you. The best bet for moving up would be to sell the house. If you've been there at least 5 years you would likely qualify for the $6500 tax credit. Please contact me and I'd be happy to take a look at your home and give you a free analysis of your situation. You can click on the link below for my contact info.

Steve
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Sat Nov 21, 2009
Nichole Lathus answered:
HELOO,

SOMETIMES WHEN A SELLER IS IN A SHORT SALE SITUATION, THEY ARE ABLE TO GET THE BANK TO APPROVE THE SHORT SALE AT A CERTAIN PRICE. BUT IF THE HOME HAS BEEN ON THE MARKET FOR A LONG PERIOD OF TIME WITHOUT AN OFFER, THE AGENT WILL LOWER THE PRICE OF THE HOME UNTIL A CONTRACT FOR THE HOME COMES IN. AT THAT POINT, THE AGENT WILL SUBMIT THE CONTRACT TO THE BANK AND THEN THE BANK WILL DECIDE IF THEY WILL APPROVE THE SHORT SALE AT A DIFFERENT AMOUNT.
SELLERS WANT TO SELL THEIR HOMES IN A SHORT SALE BECAUSE THE NEXT STEP COULD BE FORECLOSURE. A SHORT SALE LOOKS BETTER ON YOUR CREDIT THAN A FORECLOSURE.
FEEL FREE TO CONTACT ME WITH ANY OTHER QUESTIONS OR CONCERNS AT 708-646-6533 OR EMAIL AT nlathus@yahoo.com .

HAVE A GREAT DAY,
NICHOLE LATHUS
MCCOLLY REAL ESTATE
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0 votes 3 answers Share Flag
Sat Nov 21, 2009
Rob Domke answered:
Hi Erm,

Over the past 12 months Marquettte Estates has had homes sales between $145,000-$216,000. The majority of these were either a foreclosure or short sale. Most sold near the listed asking price with a few going over. Although not by much. ... more
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Mon Aug 31, 2009
Nichole Lathus answered:
Tue Jun 30, 2009
Dan Firks Defined Realty Group answered:
Hello Dominick,

It was a short sale and it is already sold/under contract. You can view the entire MLS at my website free no obligation..www.danfirks.com.

Been selling in your area for 14+ years. Would love to help in anyway I can.

You can reach me on my cell at 630.637.9009 also.

Hope to hrear from you.

Make it a great day!

Dan Firks
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0 votes 3 answers Share Flag
Thu Mar 5, 2009
Daniel A. Lamas, CNS, CMS, TRC answered:
Hi Kevin,
Unfortunately there are a lot of homeowners out there right now who owe more on their mortgage than their house is worth... I was wondering if you've already confirmed this with another realtor? If this is not the case I would be more than happy to provide you with a free comparative market analysis that would show you roughly what your house is worth. I would need more specifics however since we are speaking in generalities at the moment. Another option might be trying to rent your home out to help you off set having to pay two mortgages... At least, if you are able, you won't have to have carry the entire burden of more than one loan... I can also put you in contact with a loan specialist who might be able to give you more information on loan programs out there based on your credit score and financial situation. I hope I helped somewhat and please feel free to contact me with any other questions.
Sincerely,
Dan Lamas
Licensed Real Estate Professional in IL & FL
Coldwell Banker Residential Real Estate, Inc.
(305)776-6993 -cell
Daniel.Lamas@cbexchange.com -email
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0 votes 1 answer Share Flag
Mon Jan 12, 2009
Lisa Schade answered:
Hi Ricardo-
It was cancelled off the mls in May of 2008. Doesn't look to be a foreclosure. Please feel free to contact me directly for more information.
0 votes 2 answers Share Flag
Mon Nov 3, 2008
Pam Yglesias answered:
No, Maria, I am sorry but that home is not on the market at the present time.
0 votes 2 answers Share Flag
Tue Apr 5, 2011
Brandon Schuppe answered:
What's your address? I have a young couple looking in Romeoville right now in the $160,000 to $180,000 range.
0 votes 9 answers Share Flag
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