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Jim Silva Real Estate Team

Jim Silva
Five Star Realty and Management Company Inc.
Algonquin, IL 60102

Phone: 847-791-5843
Contact Us
Testimonials
 

Jim Silva Real Estate Team

Hannah Silva
Five Star Realty and Management Company Inc.
Algonquin, IL 60102

Phone: 847-791-5843
Contact Us
Testimonials
 

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Testimonials

Jim Silva is one of the best real estate agents I’ve ever worked with. I’m a retired Coldwell Banker agent in Colorado and have sold hundreds of homes and worked with many agents.
We went to Illinois to prepare my sister’s home I. sleepy Hollow so it could be sold. From our first interaction with Jim to the closing, we experienced his enthusiasm, hard work and dedication. Jim was, without a doubt, head and shoulders above the crowd in terms of professionalism, dedication and ethics. Jim went beyond our expectations. He is a credit to the real estate profession.
Jim sold my sister’s home in 5 days!
I highly recommend Jim Silva for any of your real estate needs.
Diane Mikitson
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Short Sale Buyer

8477915843

Want to buy a short sale?

 

A short sale is when the homeowner's lender consents to collect a reduced payment to release a mortgage. If you have any questions about real estate in Algonquin, Illinois, contact me here or e-mail me.

Are they good deals?

Every now and then a good deal will come along. Many people hear the term "short sale" and routinely think of a seller that is insolvent and needs to sell their home promptly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the reduced price may in fact be consistent with current market values, not below.

Are you ready to buy a short sale property?

  • Before making any purchase offers, do your research. Using a knowledgeable real estate agent from Jim Silva - (847) 791-5843 to assist you with researching a property will help you make knowledgeable decisions. We can help learn to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring this data can help you determine how much to offer.
  • Get an agent with short sale knowledge. Jim Silva - (847) 791-5843 can help expedite the transaction and make certain you're protected. Don't permit inexperience to delay the closing process. Put my knowledge and experience to work for you.

  • Even in the best of situations and with an experienced real estate agent, buying a short sale property will generally take longer than a typical real estate transaction. Know that a majority of short sales will not close in 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the sale terms. A lot of the time your offer will be presented to a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
  • Home protection warranties, buyer credits and allowances, and closing cost concessions are typically not up for negotiation when buying a short sale. The lender will sell the property just the way it is which means the lender isn't going to pay for repairs. Be sure to reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Jim Silva - (847) 791-5843, when I write an offer, I am looking out for your interests above all else and will always advise you to make your offer contingent upon the results of the inspections.

 

When you are ready to buy, whether it's a short sale or a typical home sale, Jim Silva - (847) 791-5843 is available for you. Apply my experience and knowledge of real estate to make sure you're getting a fair deal and are protected during the entire transaction.



Jim Silva Real Estate Team | 847-791-5843 | Contact Us
1329 S. Main St - Algonquin, IL 60102
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