North And Northwest of Chicago Real Estate

Buying Or Short Selling In Chicago And Suburbs?

Are you waiting or thinking to send an offer on a short sale in Chicago, Chicago suburbs or Chicago North Shore?

 

Chicago Short Sale BrokerAre you considering to short sale your home in Chicago-land ?

The most important thing with a short sale in Chicago is patience, and all the parties involved to be on top.

Ask the questions; many things can go wrong.

  • how many loans are on the short sale ?
  • is the short sale approved or preapproved ?
  • what is your experience with your last short sale transaction ?
  • are there any incentives ?
  • what is the time frame for a successful outcome ?
  • what can go wrong ?

 

 

 

One of my biggest disappointments with a short sale in Chicagoland, was when a seasoned agent was way too confident. We all know about over promising and under delivering .... His statement was, "you do as I say and everything will be fine" At the end we gave a full offer and he was so wrong, everything went wrong.

In one instance the investors did not accept a generous $300,000 offer and after a few unsuccessful negotiations, they settled for less then $200,000 a year later.

If you are considering going the short sale route, do not wait too long. If you have been contacted by an agent about a pre approved short sale the whole process may be much smoother.  

 

Buying a short sale? Be patient and ready to move on.

Considering to short sale your home in Chicago or suburbs? Don't wait, call, text, email me, or connect with me in the social media.

Chicago Short Sale Real Estate Broker

 

 

 Haris Dedic, Realtor®, SFR, SRES

With RE/MAX Villager

Bookmark and Share

Haris's North Of Chicago's Real Estate Blog Haris On Twitter Facebook Social Media Icon

www.HomesByHaris.com   MLS HOME SEARCH  www.NorthOfChicago.com  


 

Comment balloon 0 commentsHaris Dedic • November 16 2013 01:24PM
Buying Or Short Selling In Chicago And Suburbs?
share
Are you waiting or thinking to send an offer on a short sale in Chicago, Chicago suburbs or Chicago North Shore? Are you considering to short sale your home in Chicago-land The most important thing with a short sale in Chicago… more
Bosnian, Croatian, Slovenian, Serbian Speaking Real Estate Broker
share
Bosnian, Croatian, Slovenian, Serbian Speaking Real Estate Broker in Chicago suburbs. Last night my phone rang after 8pm and I answered. There was a short silence and then the conversation went to my native tongue. It was a potential… more
Cycling From Glenview To Chicago Botanic Garden
share
Finally I made it to the Chicago Botanic Garden on my bicycle from downtown Glenview! Below are some great shots and the Map from Map my Ride that has a great application for smart phones. I took a slightly… more
Vranac Wine In Chicago-land
share
Finding products from the Balkans in a multicultural Chicago is not that difficult. Being from the restaurant family I'm always happy to try something new, especially if there is a great product that is in a way connected to my roots. … more
Highland Towers In Niles, IL
share
Highland Towers In Niles, IL are FHA approved! When I did my search through MLS I found 5 available units on the market in these buildings. My optimistic mind told me to search only by subdivision but I knew better. Unfortunately not all… more
Mount Prospect Real Estate Trends 2011
share
Mount Prospect Real Estate Trends 2011 On my NorthOfChicago. com real estate blog we can find different types of market analysis for Mount Prospect, IL and other areas in Chicago northwest suburbs. This particular chart below is showing… more
Mount Prospect Home Sale - Traditional, REO and Short Sale Numbers
share
Mount Prospect Home Sale - Traditional, REO and Short Sale Numbers Two snapshots below are showing real estate trends for the past 3 years in Mount Prospect, IL and are comparing sold properties by the type of sale. The first chart is… more
Mount Prospect, IL Real Estate Market Trends 2007 - 2011
share
The snapshot below is showing real estate trends for the past 5 years in Mount Prospect, IL compiled from MLS. The current average listing price in Mount Prospect is $245, 340 Slightly higher compared to the average sold price at the end of… more
Mount Prospect On Facebook
share
Do you need a daily dose of Mount Prospect's Facebook news feed? You came to the right place. Here are the links to get your daily feed on what is going on in Mount Prospcet, IL. Once you are on the page, like it and you are all set for the… more
Niles, IL Real Estate Market Trends 12/11
share
Niles, IL Real Estate Market Trends Here are the real estate trends that I compiled from MLS that will give you an idea of what to expect if you were to buy or sell a home in Niles. The numbers below are showing median sales price by… more