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Wheeling : Real Estate Advice

  • All36
  • Local Info4
  • Home Buying13
  • Home Selling4
  • Market Conditions0

Activity 14
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
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Sun Apr 14, 2013
Bob Brandt answered:
Courtyards are generally areas that anyone and everyone can use, young and old. So, you can go and join in the fun.
0 votes 1 answer Share Flag
Tue Feb 5, 2013
Arlyn Tratt answered:
Mr. Fred,
I would love to talk to you about a lease to own program that I have.
Give me a call when you have a free moment!

Arlyn
773-370-0003
0 votes 6 answers Share Flag
Fri Dec 14, 2012
Sheila asked:
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This question was asked from this property: http://www.trulia.com/property/3103414776-466-Bridle-Trl-Wheeling-IL-60090
0 votes 0 Answers Share Flag
Tue Dec 11, 2012
Suzanne Hamilton answered:
My understand is the seller (bank, HUD, fannie mae, freddie mac, VA, etc.) are responsible for assessments from the day they take possession in full and up to 6 months prior. Any further months are eaten by the association. Buyer is not responsible as long as they get a clear deed and title. Some auction transactions or quit claim deeds and buyer can be responsible. Most traditional contracts require proration of taxes and assessments, but banks should pay back assessments at closing. ... more
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Thu Feb 21, 2013
Eileen Kelsall answered:
Prairie Park currently has thirty-one listings for 2012. Two have closed, one being a short sale. There is one unit currently with a contract pending which is bank owned. There is one unit with a contract waiting for bank acceptance of a short sale. One unit is temporarily off the market and is a short sale. Twenty-five units are normal sales. If you would like further information, please contact me. ... more
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Tue Nov 15, 2011
Don Tepper answered:
In theory, condo fees can go down. In practice, they very rarely do.

If you're looking primarily at price (you shouldn't; there are many other factors to consider), consider both the monthly mortgage payment and the condo fee . . . and what you get for that total expense. Some condos legitimately have higher fees because they offer more services--more bells and whistles. A pool, a tennis court, a clubhouse, an exercise room, on-site management, and so on. So figure out what your total monthly expenses would be, and then compare that total figure to what you're getting--the condo itself, the services, the location, etc.

One tip: Be sure to look at a condo's financial statements. One with exceptionally low condo fees may be cutting corners, especially on maintenance and capital improvements. Or they might have low condo fees, but every year or two impose a hefty assessment. And just make sure the condo is in decent financial shape. Are all/most of the owners current on their condo fees? Or are 20%-30% or more delinquent?

Admittedly, when you go to sell, buyers will be looking at condo fees, just as you are now. And some just will reject properties with high condo fees. That's inevitable. But you really have to look at more than just the condo fees, but at the total cost of ownership, and what you're getting for it.

Hope that helps.
... more
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Tue Nov 15, 2011
Suzanne Hamilton answered:
Yes - most landlords, if not all, do check credit. However, perfect credit is not always what they are looking for. Job Stability and income play a big part. Bankruptcy does sometimes throw up red flags, but it is more common lately. Usually, they are just looking for someone who pays their bills on time.

Often, if you offer to direct deposit your rent, it may be something they consider over other candidates. Any kind of secured payment arrangement can outweigh credit issues.
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Mon Jul 5, 2010
Richard Miguel answered:
Majority of single family rental homes allow pets. Town homes and condos are different. Their association by-laws probably suggest not to allow or allow a certain weight limit. I would check with the landlord or consult a realtor agent for more info. ... more
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Wed Aug 31, 2011
Govbargains.com answered:
Foreclosure realtors pay up to $2,500 per cleanout
Go to www.govbargains.com
Call the realtors on the list.
Ask to bid on the work
0 votes 3 answers Share Flag
Mon Jan 11, 2010
Lisa Schade answered:
I have two offices to best serve you! One in Grayslake, and one in Barrington, I would be more than happy to help you!

Please feel free to contact me directly!
0 votes 1 answer Share Flag
Tue Dec 16, 2008
Trey Miller answered:
It depends on the listing agreement and what the seller is willing to pay.
0 votes 7 answers Share Flag
Tue Feb 9, 2010
Dino Patras answered:
Properties in Wheeling are similarly priced with properties in the surrounding areas such as Mt. Prospect, Buffalo Grove, and even Arlington Heights. Unfortunately, in my opinion, Wheeling lags behind these other areas in terms of value. It pains me to say this because I have a listing in Wheeling that I'm currently trying to sell. ... more
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