Tag: chicago real estate

Selecting a Neighborhood

Location preferences are driven by what is most important to you. However, you must qualify that by what you can afford. Firstly, you need to decide what type of property you’re most interested in (i.e. single family house, townhouse, condominium, 2-4 flat, etc). Then, given your price range the neighborhoods offering the type of property you’re interested

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 Logan Square Neighborhood

Located on the NW side of Chicago Logan Square has become a location in convenient proximity to Downtown Chicago.   It is only 6 “L” stops from Chicago’s Loop and reflects an artsy multi-ethnic diversity. The central commercial/business district runs along Milwaukee Avenue which is the longest boulevard in Chicago (about 40 miles long). Milwaukee

Buying Short Sales in Chicago

Buying Short Sales in Chicago Real Estate. Foreclosures…Short Sales…Bank-Owned…What do these terms mean? Definition/Terms . Let me make it simple: Short Sale: When a homeowner has stopped making mortgage payments and is trying to sell their home which is worth LESS than what they owe on their mortgage(s) it is a SHORT SALE (the lenders are

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

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.

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

How Much Money Do I Need to Buy?

Obviously, there is a down payment required to start with. With a FHA loan the down payment is 3.5% of the purchase price. In addition there are closing costs. In today’s real estate market it is not unusual for the buyer to ask the seller to pay the buyer’s closing costs which would be included in the final agreed purchase price.

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