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Wilmette : Real Estate Advice

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  • Local Info2
  • Home Buying16
  • Home Selling3
  • Market Conditions5

Activity 15
Mon Apr 1, 2013
Yanoska Diaz answered:
Co-op in Real Estate:

http://en.wikipedia.org/wiki/Housing_cooperative
0 votes 9 answers Share Flag
Tue Feb 26, 2013
Arlyn Tratt answered:
A foreclosure auction can be on a website such as Hubzu as well as other auction sites.
These homes are typically also listed on the MLS as well.

Another kind of auction is a Judicial Sales auction where you would typically need 25% down and the balance due in 24 hrs.

Thanks and good luck!
... more
0 votes 5 answers Share Flag
Fri Aug 21, 2015
Homesand.net answered:
Probably, it is the 'Listing pending'.
0 votes 13 answers Share Flag
Mon Apr 15, 2013
Dan Tabit answered:
Wilmettegal,
There are no typical amounts. The agent can request an amount which you can agree to or negotiate. Who pays is between you, the agent and the buyer. Generally, I like to get this issue resolved up front as soon as possible. The commission can be paid by either or both parties and who finds the home first really isn't a factor.
Here are some options. You can pay the agreed commission and just consider it a discount. You can increase your price by the agreed upon commission amount in order to pay it. The buyer can pay all or a portion and you pay a portion. Where an agent is involved, take advantage of their knowledge, resources and experience and realize there are lots of sellers out there hoping for a buyer. Be glad you have one.
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0 votes 15 answers Share Flag
Sat Jun 21, 2014
Nike (Nikki) Fasanya, aka Nike Knows Mortgages! answered:
Hi,

It really depends on what you are trying to do. Are you an occupant buyer or an investor? Are you looking for a rehab loan or a regular loan? What kind of downpayment do you plan to make?

So many questions need to be asked before you move too much further. Your best option is to call an experienced Loan Officer (hopefully me), run your scenario past them, and have them offer you the best options for your situation.
Good luck in your endeavors. I hope it all works out for you.
... more
0 votes 4 answers Share Flag
Mon Jun 23, 2014
Patrick Thies answered:
Calculating the square footage of a home is not an exact science. Usually the tax assessors office with have the square footage but many times it is not accurate do to additions and floor plan changes. Some will take the room sizes and factor in a formula to come up with square footage. Some will measure from the outside walls to get square footage. This method will include hallways and staircases. More detailed methods will remove the non living spaces Square footage is usually the livable space that is heated by conventional methods, finished space and above ground living. Basements usually don't factor in to the square footage.

To get a ball park idea, measure all the rooms and multiply each each room length x width to get the square footage of each room. Add all the room sizes together then multiply by 1.3. This will factor in the spaces such as halls and bathrooms. The result will give you the approximate square footage.
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Sun May 10, 2009
Laura Karambelas answered:
R-

No, you are not stuck looking for rentals on Craistlist. You can call a local Realtor. We are able to search for rentals by school district from our MLS. The agent will be able to provide you with interior photos, length of lease, if pets are allowed, etc..

I hope this helps!
... more
0 votes 4 answers Share Flag
Wed Aug 17, 2016
Alan May answered:
It's one of the more desireable areas in Wilmette, east of Green Bay Road, that includes the east-west streets...

Chestnut
Ashland
Greenwood
and Elmwood

Get it?... C-A-G-E... this is an area of broad brick streets, mature overhanging trees, and elegant older homes that stand guard over the area. Good proximity to downtown Wilmette, to the lakefront, Green Bay and Sheridan Roads. ... more
0 votes 13 answers Share Flag
Sat Oct 13, 2012
Joe Zekas answered:
Wilmette's a quiet place. Has been as long as I've lived here.

Few questions because no agents are putting up shill questions that they answer themselves.

And, Wilmette's an easy place to understand.

I've always thought Wilmette was a bargain compared to other New Trier-district suburbs. What's your take on that, Don?
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Tue Jan 22, 2013
Cameron Piper answered:
Doug,

I am sure you are wrestling with whether or not you want to keep your house on the market during the holidays - many people do. Keep in mind however that you house can't sell if it isn't being made available. You probably won't get many, but the good news is that the showings you get during this time will be from serious buyers - who wants to spend their time kicking tires on houses during the holidays?

Good Luck!!

Cameron Piper
... more
0 votes 14 answers Share Flag
Mon Jun 17, 2013
S answered:
Kenilworth Gardens borders the village of Kenilworth, East of Ridge road, borders Winnetka to the North, north of Beechwood, and Lake avenue to the South but some people feel it's more like at Iroquios. As for the Western border it's hard to tell what's Kenilworth Gardens versus Indian Hill Estates. Perhaps anything West of Harper school? Not sure. ... more
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Wed Feb 11, 2009
Brandon Schuppe answered:
Aac,

I strongly suggest that if the home appears to be in good condition on the surface, then write a contract. Make sure the contract allows for you to have a home inspection. The home inspection company will be your cost and it will allow you to let the home inspector find any problems. If they find something, then the contract allows for you to go back and re-negotiate with the home owner. If you can't come to a conclusion, you get your earnest money back and the contract becomes null and void.

Good Luck.
... more
0 votes 2 answers Share Flag
Wed Jun 1, 2011
Brian Burke answered:
I feel like you should repair first if you can. The lower price with fixing up to do will make most buyers feel like they can even lower on price. A fixed up home appeals better to most buyers unless they want a fixer upper. ... more
0 votes 9 answers Share Flag
Wed Jun 25, 2014
Brett Dunne - DayBreak Group answered:
Dan:

My first question is IF you update for a cost of 70K, then how much would that increase the value of your home? 100K? 130K? The Return of Investment is key to any improvement. Also, timelines for the need to sell would need to be addressed.

So many other questions need addressing before you can make your final decision.

Remember dirt over time increases in value and homes depreciate. So if you have a bigger lot in a desirable area make sure to do all your due diligent.
... more
0 votes 7 answers Share Flag
Wed Jun 11, 2014
Joe Zekas answered:
Having lived in Wilmette and Kenilworth for nearly 20 years, and having raised two children (now 23 and 24) here, I can tell you with confidence that there are only pros to iving in Wilmette.

You can get downtown in half an hour on the El, the Metra or via the Edens / Kennedy expressways.

The schools are, in a word, fabulous. New Trier High School is known everywhere. The park system is outstanding. The people are friendly and unpretentious.

The housing stock is varied, and a lot more affordable than people realize. It does get fairly limited in the $2M+ range, if that's a consideration.

The best thing about Wilmette, in my take, is its stability. It's not a transferee in / out town. People who move here tend to stay here. Your kids will make friends that will be with them for a long time.

About the only thing lacking is much of a dining or nightlife scene, but good dining is available nearby.

There's a fairly decent supply of homes for rent right now if you want to give Wilmette a trial for a year.

If you have specific questions you want answered, click on my profile and send me an e-mail.
... more
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