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Home Buying in Romeoville : Real Estate Advice

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  • Home Buying17
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Activity 22
Thu Mar 14, 2013
Edith Karoline Jasser answered:
see my answer under your other question...
Good Luck to you
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 1 answer Share Flag
Thu Mar 14, 2013
Edith Karoline Jasser answered:
The lenders look at your income, your credit score, and all your responsibilities (debts) outstanding college bills, credit card bills, and yes medical bills you still owe etc. etc., then the lender will assess the risk to determine whether to give you a loan or not or what amount.

If the medical bills occurred during the time of your marriage they may just count them.... Try to discuss
it again with this same lender or explore your options with another lender, they sometimes have different
programs available for their clients.
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 1 answer Share Flag
Sat Mar 9, 2013
Tim Moore answered:
It sounds like you have found a buyer and now you want to unlist the house and allow this buyer to buy it without paying a commission. I won't help by answering that.
0 votes 8 answers Share Flag
Wed Aug 8, 2012
Scott Godzyk answered:
Mike you should be asking your listing agent and teh person you hired to negotiate for you, they are th only ones that will know what the hold up is and how long they need to fix it.
0 votes 3 answers Share Flag
Sat Jun 23, 2012
Debi Shapiro answered:
Unfortunately, this home is not currently on the market, but there are 40 other properties in the subdivision that are available and they range in price from $32,800 to $220,000.

If you would like additional information, let us know.

Debi Shapiro
... more
0 votes 1 answer Share Flag
Fri Mar 30, 2012
Suzanne Hamilton answered:
There are too many factors in negotiating a price to provide any information with no information. The best advice I have is find out what market value for the home is now and when the repairs are done and consider what you want to pay. Then offer according to how much you want the home.

Also, you will need to see if you will qualify for a 203k fha loan or cash or at least 10-20% downpayment as FHA will not loan on such a home.

If you saw the home with a Realtor, you should ask their opinion, as they should present the offer. If you are not working with anyone, I would encourage you to get representation to protect your interests.
I know this area very well and can offer some perspective.

Suzanne Hamilton
RE Marketing Consultants, Inc.
888-788-9544
suzanne@remarketingconsultants.com
... more
0 votes 1 answer Share Flag
Mon Nov 7, 2011
Anthony Cavalea IV answered:
Different agents handle this differently, expecially REO agents. Pending is supposed to mean that there are no more contingencies, whatsoever, that all the inspections are done, the loan is finalized, and you're just waiting for the closing date. Some agents (this is especially true of REO agents) will mark the listing pending as soon as there is a contract. There are many times where the property is marked active contingent, and is never marked pending, only marked closed when the sale closes.

In short, I wouldn't worry about whether the MLS says Pending or Contingent. Showings during active contingent status are almost as unlikely as showings during pending status.
... more
0 votes 1 answer Share Flag
Sat Oct 15, 2011
Suzanne MacDowell answered:
Sometimes the bank remove these homes from the market and give the listing to a different real estate company with the hope that they will be able to market the home better and, thus, get a higher offer. In my opinion this is not generally successful, but there is no accounting for the thought processes of the banks and the government agencies that work with them. ... more
0 votes 2 answers Share Flag
Fri Dec 9, 2011
Michael Emery answered:
In the past it's been about every 30 days. But the listing agent may have to give proof of a declining market before they will consider a drop. I saw a document the other day that said Freddie is rejecting offers that were 40-60 percent below list and will most often only consider offers closer to a 10 percent reduction (which in my opinion is incredibly stupid). ... more
0 votes 5 answers Share Flag
Fri Sep 2, 2011
Anthony Cavalea IV answered:
Yes, but it probably means they are negotiating with another offeror.
0 votes 4 answers Share Flag
Tue Aug 23, 2011
Anthony Cavalea IV answered:
Thu Mar 24, 2011
Christina Johns answered:
No information is listed yet. I will try and dig further. Did you want me to send you additional listing in Romeoville?
0 votes 2 answers Share Flag
Thu Jun 3, 2010
Anna M Brocco answered:
If you like the area and are familiar with the area, keep in mind that people do move for a variety of reasons all the time--job relocations, upgrading to larger spaces, general relocation reasons such marriage, divorce, be closer to work, financial, etc. ... more
0 votes 3 answers Share Flag
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.
... more
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
0 votes 1 answer 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
0 votes 1 answer Share Flag
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
... more
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
0 votes 2 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
... more
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