Question

If you were to buy a house, would you look in the market now or wait for couple more months? Any advise is greatly appreciated!  

Answer 1

@glassco531 @hanky8

Answer 2

It depends on what your goal is. Do you need to buy a house? Will it be an investment? Renting it out for income? Because you're tired of paying rent? Do you have a down payment and good credit?  

Comments

@cheng tired of paying rent and credit scor is good so far and willing to put 20 percent down

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@paganize sounds good then go for it. Decide what you want then shop around. Good luck.  

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@cheng how are you?  

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Hi @glassco531 we're good thanks, tired of being at home. How are you all?  

Answer 3

I’m selling fsbo model townhouse on water in Arl hts with every amenity and upgrades $238, 000 Message me if interested

Comments

@unholy5 just saw your previous post, im looking for 4bd. Thank you for the reply

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@unholy5 do you have a link?  

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@constellate r u looking to purchase a model townhouse on water in Arl hts with every amenity and upgrades?  

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@unholy5 could you send me the link as well. We are interested!  

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@sedimentary r u looking to purchase now?  

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@sedimentary here are the details

Answer 4

Mortgage rates are really low. So in that regard it's a good time to buy. Provided you still have a job.  

Answer 5

I will be having 2 homes coming on to market in Des Plaines $279, 000 and $459, 000. I can help guide you in the process.  

Answer 6

Selling a 3 bedroom

Comments

@stevestevedore looking for 4bd thank you though

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@stevestevedore can you send me info please!  

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@stevestevedore very beautiful home.  

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@bugg3816 Thank you

Answer 7

@paganize. We have many buyers under contract now. The process may be a bit different but the end result is the same. @hanky8 and I would be happy to set up a buyer consultation with respect to distancing or whatever makes you comfortable.  

Answer 8

Can I jump in and ask about homes/townhouses for rent?  

Comments

@wallow I’m a realtor and am always working with buyers/ renters. Let me know if I can help.  

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@crotchet if you have townhome/home rentals in Des plaines, mount prospect, or Schaumburg that'd help.  

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@wallow sending pm

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@crotchet sent PM

Answer 9

Start now. Not much on the market and they are selling quickly.  

Answer 10

We continue to serve clients and neighbors well in the midst of everything now. I think you being comfortable and confident in your home purchase is important. Being educated by real estate professionals helps fill those gaps on what makes sense for you. @glassco531 and I are happy to answer your specific questions about the process in general and what’s changed since covid-19

Answer 11

I am absolutely waiting. In a year we're going to be in the worst depression ever. People will be giving their houses away

Comments

@cilice82900 but the price of houses in this area wont go down after a certain amount. right?  

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@paganize I'd buy now personally.  

Answer 12

The answer depends. Interest rates are still historically low - this makes a massive difference on a 30 year loan. The market is still moving. If there is something you are looking at (area, neighborhood, etc) let me know - I can send you a market report to give you a great starting point as you begin your journey.  

Answer 13

Hi! I would definitely say shop now. The market is great. Rates are low!  

Comments

@reviviscence and decent taxes.  

Answer 14

I am a mortgage lender of 15+ years. It's a great market. No one knows 100% but I can tell you if you're willing and able to buy it's a great time. Please feel free to contact me with any questions.  

Comments

@reviviscence thank you so much. I will let you know

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@paganize fantastic! We have every program known to man. Our hedge fund product has exceptional rates. In addition, portfolio products, etc.! You can reach me at jtokich@inlandbank. com and 312. 952. 9341 ❣️

Answer 15

I don't care I'm getting out of here. The neighborhood is getting really bad right here in downtown Des plaines. My car got broken into in my neighbor's car got broken into in the same week. I'm done plus I have a shitty landlord. I got black mold growing all through my house and a leaking roof. I had to set up two buckets and a garbage can to catch the rain water that came in the other day. I'm breaking my lease he better not say crap to me!  

Comments

@cilice82900 take lots of pictures, especially of the mold. Take pictures of the water leaking in, the filled buckets and garbage cans!  

Answer 16

If you need a real estate attorney, I'm happy to help:

Answer 17

If you're selling wait. If you're just buying go for it.  

Answer 18

Hey Ebin! We can help you! We are your Local Agents! Check your Inbox

Answer 19

Selling my house, I'm very motivated to sell. 30k price drop versus last year
https://vimeo.com/414779481

Comments

@hjerpe6 I can’t believe It! From where do you have this numbers .?  

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@quaver tried selling last year and dropped the asking price from 30k then to now.  

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@hjerpe6 So It looks like your price from last year was too high Are you selling by yourself or with Realtor? Did you check the value of your house? Did you check comparables ? Do you need any help?  

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@quaver nope

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@hjerpe6 Good luck then  

Answer 20

Market is not so bad as we could think There are more and more listings available!  

Answer 21

Following . I am also interested in buying a home

Comments

@schlesinger If you would need a professional help, I am available  

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@quaver yes please !  

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@schlesinger Pm me Please  

Answer 22

If anybody is wondering How is the market in this pandemic Or thinking of buying or selling -I am an active LOCAL real estate agent My Keller Williams office is in Park Ridge And I live in Des Plaines So I know the area And I can help you! Have a great Sunday everyone  

Answer 23

PAUL SWANSON Baird & Warner sold our home in the fall, the worst time of the year. We sold in less than 8 weeks and there was 30% more inventory. He knows this market and super nice guy too!  

Answer 24

I’m selling model townhouse on water in Arl hts with every amenity and upgrades $238, 000 Message me for more details

Answer 25

I love how all the sellers and real estate agents are like “It’s a great time to buy”. I personally would wait until to see how this recession pans outs. In 2006/2008 it took roughly about 18 months for the price to collapse. Right now we are in the same stage, people who just got laid off or furloughed are not panicking because the government is paying about 1k per week on unemployment and the fact all government back mortgages can get their payments deferred. After all these “benefits” dry up then it will take roughly take about a year for the foreclosure process to work. Hence why it took about 1-2 years for the price to fall in 2006/2008. However at the same time, if you look at the M1 money supply and M2 money supply charts, the government is printing money at a very alarming record pace and if you look, they devalued the currency by 20% within the last 2 months. So I would at LEAST put 20% your deposit money in GOLD/SILVER. Physical gold and silver are always recommended but if you are going to use this deposit money as proof of funds during your mortgage application then your only option is AAAU and SLV.  

Comments

I also would like to add,  
https://www.youtube.com/watch?v=YEj...yJb18

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I'm trying to buy and I think it's a great time to buy due to low interest rates.  

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@gayton2 if you feel it’s better to pay a high price with low interest rates go for it. The last 2006/2008 recession fed funds rate (the rate the banks borrow at) was 0% for 8 years after the collapse.  

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@diencephalon this isn't 2008. The housing market crashed for other reasons. Yes people have lost their jobs but this is different.  

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@gayton2 it seems your dead set on buying a house so then go for it.  

Answer 26

Now would be a good time , you would see first hand if flooding was an issue .  

Answer 27

Not enough sellers right now and too many people wanting to buy due to low interest rates. We're trying to buy and are constantly getting outbid due to multiple offers.  

Comments

@gayton2 and here is me trying to sell

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@hjerpe6 good luck! I saw your home and looks great. I'm sure you'll find a buyer soon!  

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@gayton2 I hope

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@gayton2 Kowso good luck to you too