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Andy Linss's Advice

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  • 101 Contributions
  • 3 Best Answers
  • 9 Helpful

Andy Linss wrote:

First time home buyer. Where do I start?

Answer
I'm a little surprised by some of the responses... I would talk with friends/family who have bought homes in the recent year or two. People who you trust.  Tell them what you are thinking about and get their ideas.  I would ask about the process and also about specific Realtors, lenders, and attorneys. Self education is a good thing, so I'm sure you are scouring the internet too.  Make a list of the things that are important to you and how long you plan to stay, where you work, what you do in leisure, where your friends are, family plans, career plans, etc.  Describe your life-style.  This is for you to clarify but also to provide to those that are assisting you.Depending on your situation, you may or may not know even where you are planning to buy.  If you do, drive around the neighborhood a bit and make sure.  Ask a few people what they think, ask about schools (important for resale even if not your need)  and ask for referrals to a great Realtor.  I agree that finding a good buyer's Realtor is pretty important. I think it is more important to find a trustworthy Realtor than one that knows the area that you can't really trust, but some combination would be ideal. I believe the Realtor should refer the attorney and even the mortgage person.  Not to say you shouldn't verify that the rates/fees are very competitive because that would be a factor in qualifying the Realtor too; but I believe it is important for the three parties to work well together in the process.   Be aware that some Real estate brokerages have their own lenders in-house.  Be more careful to check those rates in that situation to make sure you aren't paying more for the "convenience".I would recommend that as a buyer you try to work with one Realtor and if you're not happy with him/her, fire them and find another.  If a Realtor knows you are loyal, they will be more likely to work hard for you, otherwise you get whatever information is at the top of their heads, or whatever they can easily provide.Keep positive and keep your true goals in mind so you don't get caught up in that "Deal" that your family won't meet your goals.Remember to weigh LOCATION heavily in any decisions. Good Luck!
August 10
(2)

I SEE YOU HAVE HOMES FOR SALE BY OWNER. WE HAVE A HOUSE FOR SALE BY OWNER. HOW DO WE LIST IT WITH U

Answer
Simply list it with me and it will be on Zillow as well as all over the MLS and internet!  lol :) There is a For Sale By Owner link under "Homes" at the very top of the Zillow page.  When you hover over it, a drop down offers a "list your for sale by owner"
August 07
(0)

Where can you find 6 month leases? Are leases negotiable?

Answer
The MLS does have a way to list "Short Term Lease Available", so a Realtor may be able to set up an automated search to find some options for you.  Be aware that if you have any pets, it will limit the possibilities even more, so be sure to mention that right away if it applies.
July 28
(0)

Townhome near Neuqua... how is the market?

Answer
It's certainly an option, but there are a lot of questions. Where are you going to live? Are you going to be local? Do you need a mortgage to buy a new home?  (If so, realize that the rental income will likely not count toward your qualification for that mortgage). Are you up to becoming a landlord?  How will you handle those calls for repairs?  Can you handle the cash flow (if negative)?  Renters are usually less careful than you probably are with your property.  Are you considering the depreciation of the property while renting it out?I definitely would not rule out renting your property but you need to critically consider all aspects.I've been a landlord and been in your situation (I chose the rental option which for me was a mistake), but depending on your circumstances it may be a reasonable tactic. Please get input from a strong Realtor, your accountant, and a mortgage person (if you plan to buy a home).
March 28
(0)

Where is the best area to live near Westmont , IL for schools and cost of living?

Answer
 No matter what, you need to decide what makes a school good for your family.  Realtors can't recommend "Good Schools" for you.  There are plenty of websites where you can review school ratings on various categories.  Google "Illinois School Report Card" for some places to find information.  Depending on what type of neighborhood you visualize for your family, a thoughtful Realtor can make recommendations for you but not without more information. Each suburb has attributes that make it desirable. Part of Westmont uses Hinsdale schools for instance, so it depends on your goals and the age of your children to determine what is best. Although DuPage is great there may be benefits to Cook county as well. Find a Realtor that is familiar with various suburbs and interview with him/her to determine what options are best for your family.
December 30 2013
(0)

who can I contact for this home at 717. n main milledgeville

Answer
That property is no longer on the market, but I can put you in touch with someone who knows about it.  Please contact me.
December 28 2013
(0)

how can i find house value in 2008?

Answer
It looks like it has been listed for sale since prior to that date.  It was always too high but at that time it was listed at $434,000 to $449,900 and it had various realtors over the years so they probably thought it was worth that kind of money (maybe 6-8% less). Looks like you did fine on your purchase compared to that!
December 10 2013
(0)

i need help finding a good real estate agent to purchase home in near future

Answer
Try to find someone local to the city/suburb you are considering.  If you don't know where to move to, there are agents that know the various areas well and can point you in the right direction, refer you, or help you wherever you want to look.
November 20 2013
(0)

what happens if you buy a foreclosed home

Answer
Sometimes you are happy, sometimes you are not. The sale is final just like any normal sale. Find yourself a good Realtor to assist you and you will be more likely to be happy.
September 14 2013
(0)