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Home Selling in Chicago : Real Estate Advice

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  • Local Info373
  • Home Buying1K
  • Home Selling264
  • Market Conditions100

Activity 504
Thu Feb 23, 2017
Jae_rex asked:
The short-sale occurred in 2012. Fast forward to 2017, they are asking for the difference between the asking price and selling price. What can I do?
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Fri Feb 17, 2017
Lplistings asked:
Fri Feb 3, 2017
Susie Kay answered:
Appraisal is ordered by the buyer's lender so the buyer will get a copy.
0 votes 1 answer Share Flag
Tue Dec 27, 2016
Gociaf asked:
I want to sell my condo, my agent told nr that i have to pay listing insertion fee, is or correct? Or the agent should be responsible for those costs?
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Fri Dec 9, 2016
Scott Godzyk answered:
Trulia does not edit listings or ads, you have to log in, click your name upper right, look for listings and edit
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Thu Dec 8, 2016
Mitchell Ashmore asked:
It's Main South, not Ridgewood.
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Sun Sep 11, 2016
Rsperin answered:
What is the Standard Commission for selling a house in Deerfield Il 60015 Lake County home Market Kist 369k?
0 votes 18 answers Share Flag
Mon Aug 22, 2016
Dennis O'Donoghue answered:
Please be advised that the availability of financing can affect property values. It is possible that values will dip in a condominium complex when there is a high percentage of non-owner occupied units. This true for two reasons:
• The complex is less attractive to a buyer that seeks to move into the condominium and
• There is limited financing when the complex has less than 70% of the complex owner-occupied.

My personal experience while working as an appraiser is that I met condo owner/realtor who worked to get his condo complex approved for FHA Financing. Once FHA Financing became available, that owner/realtor worked to sell a number of the units in the complex to renters who already lived in the complex. It was noticeable that values increased when the percentage of owner occupied units increased over 70% and Conventional Financing was more readily available.

I now work as a Mortgage Loan Officer and can assist to get a condominium project approved for FHA Financing.

Dennis O’Donoghue
Call Direct: 773-499-6364
Forum Mortgage Bancorp
NMLS 22009

Forum Mortgage Bancorp is a Illinois Residential Mortgage Licensee
A Local Full Service Lender Since 1995 8-Offices in Chicago Metro Area
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Fri Aug 19, 2016
Sheree asked:
hello everyone. My question is Would anyone buy a town house with water damage for 40,000 or 55,000? And well our mortgage company try and garnish wages if we walk away from the house? Every…
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Thu Aug 18, 2016
Neil Roxas answered:
Hello,

To post your home for sale by owner on Trulia, click the link below and select Submit listings for sale.

http://www.trulia.com/submit_listings/

You will be redirected to our partner site, Zillow. Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.


For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/

Thank you for using Trulia!

Neil
Consumer Care Advocate
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Wed Aug 17, 2016
Ashling Grigorian asked:
I am currently selling my condo and the buyers mortgage lenders send an appraiser to my property. The appraisal came in $15,000 less than what we are selling our condo for. We are doing…
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Mon Jul 18, 2016
Cathryn Browne answered:
All of the above but it doesn't mean another price reduction. Have fresh eyes look at the house. Get their opinion of value, staging and condition and go from there.
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Mon Jun 27, 2016
Jeff Nobleza answered:
HOA's and management companies have been sued in the past due to situations like you describe. You are willing to pay for a lawyer and hoping to be made whole after you win I recommend Adam Gurney for a real estate litigation attorney at 312 -854-8092 or adam@lawfirmmiles.com. He has helped me in legal disputes involving real estate situations in Chicago.

Jeff Nobleza
@Properties
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Thu Jun 9, 2016
MCM_STL answered:
I absolutely think painting is worthwhile. If you haven't painted in a few years and particularly if you have kids, your walls are probably grosser than you realize. I just finished repainting my basement. We didn't dramatically change the color but holy cow, it looks so much better simply because it's fresh!

I'm pretty much sick of the "everything gray" which replaced the "everything tan" of 10 years ago but it's certainly better than walking into a house full of something harsh like lime green or red.

Something to keep in mind is that you aren't trying to sell your current house to yourself. You're trying to sell it to someone else so what you like shouldn't even factor in to your decisions.
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