Tag: chicago homes

A TRUE STORY…BUYING A BANK-OWNED FORECLOSED HOUSE IN CHICAGO

Some pitfalls to be aware of. I represent a buyer who made an offer on a bank-owned house. It took us 3 weeks of negotiating with the bank to come to agreement on terms. They signed the paperwork within 5 days after it was sent to them. So far so good… The house was sitting

Some Hurdles Getting a Mortgage – True Story as of January 2011.

I have a buyer whose income varies from year to year due to commissions/bonuses and his wife just graduated from medical school and has been working full-time for 6 months but is paid by 1099 (independent contractor). They have credit scores in the mid to high- 700’s. They also own some rental property which was

Buying a Bank-Owned Foreclosure – a true story

A timetable and description of events from an offer made on a bank-owned foreclosure condo in Chicago and the outcome. I recently represented a buyer for a condo on Chicago’s northside neighborhood of Edgewater/Rogers Park. It was listed below $80,000 which seemed extremely low given the fact that upon my research of similar units which had sold

Chicago’s Parks and Playground System

In my opinion it will be Mayor Daley’s legacy that we have neighborhood parks in almost every neighborhood. All this green space has provided lower density recreational space for its residents. On the North Side of Chicago there is a Park within walking distance no matter where you live (Find a Park) and Map for

Profile of a First-Time Buyer

About 12 years ago I had the privilege of helping what was for me the oldest first-time buyer of my career. She was 71 years old and had been renting the same apartment for the past 25 years. Her building was being sold and she had to make a decision about what she was going

Looking for Defects

A concern for any buyer is being faced with a serious defect in the property you’re buying which could affect your safety or health, but more importantly, your pocketbook. While some defects may be corrected at a nominal cost, it is important to understand the categories of these defects: building construction, structural systems, mechanical systems, plumbing and electrical

Lakeview Neighborhood LifeStyle Amenities

Video about Chicago’s Lakeview neighborhood lifestyle amenities.

Chicago’s Lakeview Neighborhood Architecture & Style

Video about Chicago’s Lakeview Neighborhood architecture and style.

How to Find Your Perfect Home

Whether you are searching for small personal space or a starter family home, this tool can help you find a property to fit your needs. The Multiple Listing Service is composed of hundreds of database computer systems located throughout the USA for real estate agents to showcase their available real estate listings that are for sale and

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