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Buyer Broker Chicagoland Offers a Free Consultation to First Time and Luxury Home Buyers

Posted on July 6, 2012 | Leave a comment

Buyer Broker Chicagoland Offers a Free Consultation to First Time and Luxury Home Buyers

Finding Your Dream Home and Negotiating The Best Possible Price Off - Buyer Broker Chicagoland

Whether you choose to use our services or not (or whether we choose you as a client) – we’ll meet with you so you can learn more about you motives and capabilities to purchase a home, negotiation techniques, and due diligence methods we use to protect you during the most important financial decision of your life. And we will learn more about your and your capability to purchase – and whether we can help you or not, or see if there is good chemistry with you.

Informative Initial Consultation

What happens during in the initial consultation? It is a mutual question and answer session. You’ll get your real estate questions answered, gain new insights into the goals and rationale and priorities behind your purchase (including how much you can afford), and learn more about our services. The meeting can be in person (preferred), over Skype or Google video conference call, or over the phone if necessary.

You should come away from the consultation with enough information to answer these questions:

Does it make sense to buy vs. rent?
Is what I’m willing to spend and can afford (there might be a difference between the two) – enough to buy a house I would be happy to live in?
Do I have a large enough down payment to buy a home?
How do I find out if I have enough, or good enough credit to buy a home?
What are some of the techniques you use to negotiate the best price that others don’t use?
How can I know that a neighborhood or area of town is for me?
What are the most important things to me about a neighborhood? What is more important to me – schools, neighborhood, features of the home or yard, and why?
What are my true reasons and motives for purchasing a home?
What can I expect in each part of the home buying process?
What are the differences in the type of representation I can have as a buyer?
What are current market conditions like?

Depending on the answers to these questions, you might be ready to move forward or not. Whatever you decide – you will come away from the consultation with an in-depth understanding of the types of representation that are available to you, your core reasons and priorities for purchasing a home, negotiation tips and other valuable information.

Thinking about buying a home in the Chicago Illinois area in 2012? Call us at 847-566-7558 to learn more and set up a time to meet.

We are based in Chicago’s Northwest Suburbs – and of course cover those many towns (Hawthorn Woods, Long Grove, Kildeer, Palatine, Lake Zurich, Buffalo Grove, Wheeling, Vernon Hills, Libertyville, Grayslake, Wauconda, Island Lake, McHenry, Fox Lake and Antioch to Gurnee, and the North Shore – but we routinely serve buyers in Downers Grove, Lombard, Naperville and other suburbs to the south of us, as well as downtown Chicago and the communities to the north and northwest of downtown. (One of our recent happy clients purchased in the Bucktown area.)

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Posted in Buffalo Grove IL, first time buyer, First Time Home Buyer, Grayslake, Hawthorn Woods, Informational Meeting, Initial Consultation, LIbertyville IL, Long Grove, Luxury home buyer, North Shore, Northwest Suburbs, Palatine Ilinois, Vernon Hills

Tagged antioch, buyer broker chicagoland, Chicago, exclusive buyer agent, fox lake, Grayslake, Gurnee, hawthorn woods, home buyer, informational, inital meeting, initial consultation, island lake, Libertyville, long grove, mchenry, northwest suburbs, Palatine, Vernon Hills, wauconda, wheeling

Short Sales Get Shorter As New Deadlines Go Into Effect

Posted on March 21, 2012 | Leave a comment

Mortgage servicers will be kept to strict short sale timelines agreed to under the state Attorneys General foreclosure settlement this week.

As part of a settlement the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.

Here are some of the new requirements for servicers under the settlement:

Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.
Servicers will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request.
Servicers must notify a borrower immediately if a deficiency payment is needed to approve the short sale. They also must provide an estimated amount for the deficiency payment needed for the short sale.
Servicers are also required to form an internal group to review all short sale requests.
Banks will be considered in violation of the settlement requirements if they take longer than 30 days on more than 10 percent of the short sale requests. Violations can carry fines of up to $1 million and $5 million for repeat offenses.

“If a real estate broker can get a checklist from the bank detailing what documentation is needed, everything can be provided up front, and the bank will be required to give a thumbs-up or a thumbs-down within 30 days,” short sale specialist Chris Hanson with the Hanson Law Firm told HousingWire. “That’s not a bad deal.”

Our Comment:

The only thing is that if a bank wants to jerk people around (many of them do), they can still take as long as they’d like. All they have to do is respond within 30 days that they need a bank statement. Then 30 later, say they need a new pay stub, then 30 days later, say they are missing form xyz. This is exactly what they are doing today, they just have to do it every 30 days now. They have no interest in rushing and this law does not change that.

What it should say is this:

--- Here is a list of every document that you must turn in to a lender (a checklist).

--- Homeowner has 30 days to send in docs.

--- Then the lender must respond within 30 days WHAT they have received.

--- Homeowner has 30 days to provide any missing docs. If not, deal is done.

--- Once all docs are received, bank has 30 days to make a decision.

--- The process can take no more than 90 days MAXIMUM.

Doesn’t seem too hard to me. Banks wouldn't like it, but too bad.

So for home buyers from Antioch and Gurnee to Arlington Heights and Lake Zurich to the North Shore (Highland Park, Deerfield etc.), to down to Downers Grove, Lombard and Naperville, and to downtown Chicago and nearby areas (Bucktown, Wicker Park etc.) - the short sale process will be the same old same old...