you're entering into a contract for an enormous amount of money - spend the couple hundred bucks and have an attorney go over the contract terms so you know your obligations and the buyers obligations.
consulting an agent is best to understand the value of your condo, if you're looking to purchase another property, you could probably get someone to help w/the sale contracts gratis or at a steep discount if you're also going to have the represent you on your next purchase.
Your agent should have access to data to back up such a broad statement. I'm not familiar w/the Chicago MLS, but most MLS systems will show seller subsidies (contributions to closing costs), so you can see what percentage of transactions had a seller contribution.
Ask for data to back up the assertion, then discuss your options with your agent. You may find a place to meet in the middle with the buyer.
A deed in Lieu is more damaging to your credit. But the question I would ask you is what is your situation and what are you trying to do with your property? http://ForeclosureIQ.com
A short sale is a great option if you need to sell your property because your are insolvent both long term and short term, and you have negative equity on the property.
If you would like to stay in your home and your financial hardship is short term, a mortgage modification or loan modification is a much better alternative.
Both a short sale and loan modification are much better alternatives to a foreclosure, deed in lieu or bankruptcy.... more
That it hard to answer. It depends on so many factors. If the house is properly priced it helps but also what type of house it is, how many similar homes are for sale and so many other factors. If your home is not selling fast enough have a talk with your Realtor and discuss a plan to get it done.... more
This is an old question that seems to have come back up, but is still very relevant. For dog lovers no. But for those with pets, it sure can if owners are not picking up after them or if the dogs are barking day and night... more
Typically you'll have title fees, transfer tax fees, water pay off, tax proration, realtor fees and maybe a few other miscellaneous fees. Anticipate between 6-8% for closing costs fees on the selling side.... more