Buying a Short Sale in Shorewood, IL
Short sale purchases are complicated transactions that require knowledge and experience. The first step to buying a short sale in Shorewood is to determine if this type of transaction is right for you.
You'll need to ask yourself the following questions:
1) Am I a patient person? Short sales take an unknown and often substantial amount of time to complete. The time from accepted offer to closing could be as little as 60 days or as much as 1 year (or more). If you answered YES, keep reading!
2) Am I willing an able to make repairs to the property? The typical short sale has had regular maintenance deferred by the seller as they (usually) have little money or desire to keep the home up. You should expect to paint, replace carpet and take the home AS-IS. The seller will make no repairs for you (unless they may be required for your loan). If you answered YES, a short sale could be for you!
3) Am I looking for a deal? Short sales offer the opportunity to buy a home for less than full market value. Because the seller will receive no money at the sale, they are willing to offer the home for less than market value and the lender prefers to sell via short sale than foreclosure. Duh, who doesn't want a deal?
4) Do I need to sell my current home before buying the short sale? If NO to #4 and YES to #1, #2 and #3, you are likely to be a good candidate for a short sale purchase!
5) Do I have a preapproval letter dated in the last 60 days? If YES, call Steve Roake at (815) 603-0077 and I'll be happy to show you short sale homes that are in your budget. If NO, call Steve Roake at (815) 603-0077 and I'll get you in touch with a lender that can get you preapproved to buy a Shorewood short sale.
Click the link to search for short sales in Shorewood.
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Steve Roake is a Broker for McColly Real Estate in Shorewood, IL. Steve serves the real estate needs of buyers and sellers in Shorewood, Plainfield, Joliet, Crest Hill, Romeoville, Bolingbrook, Oswego, Minooka, New Lenox, Manhattan and NW Will County.
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Specializing in Shorewood IL Real Estate
Upon entering the home, there is a ceramic entryway and hallway to the kitchen. To the left is the formal living room, to the right is the powder room and 2 car garage entrance. Stairs lead to the 2nd floor from the entry. The living room features hardwood floors and leads to the dining room, also with hardwood floors. Through a doorway is the kitchen. The ceramic tile floored kitchen has a large island providing additional counter space, stainless steel appliances, a table space and the entrance to the finished basement. There's also an adjacent family room with hardwood floors. Off the kitchen is also a sliding door to the backyard patio. 
Downstairs in the basement is another half bathroom, a small bar area, a bonus entertainment/media room and an office/4th bedroom. Built in shelving creates a great area for watching movies, reading or many other hobbies. A small storage area is also located in the basement. 
7133 Foxview Dr, Joliet, IL 60431 - 3 bedroom Home For Sale in Kearney Glen ~ Minooka Schools!
Walking up to the home, there is an asphalt driveway and covered porch area. Upon entering the home for sale, there is an entry with vinyl floor. To the left is the open concept living room. To the right is are the carpeted stairs leading to the 2nd floor. Staying on the first floor leads to the family room, where there is a gas fireplace and ceiling fan. All the windows on the first floor have wooden blinds for privacy. The living room and family room are both carpeted. 
To the right of the family room is the kitchen with space for a table and oak cabinets with plenty of space. The kitchen also has a "peninsula" cabinet providing additional counter space and storage. The home for sale also has a built in stainless steel dishwasher, microwave and oven/stove. Adjacent to the kitchen is the XL pantry and laundry room which also leads to the 3 car garage. 
Subdivision
Upon entering the home, to the left you'll find a sunken living room with fireplace. The fireplace is surrounded by an attractive wood hearth and surround. It also is large enough to fit a full size piano, as well as a couch, love seat, desk and coffee table. Through the living room is the adjacent dining room, a step up and separated by oak railing. The kitchen is separated from the dining room by a 6 panel oak door. 
meals. Featuring white cabinets, ceramic tile counter tops, and stainless steel appliances, this eat in kitchen has storage space to spare. The kitchen also features a cook top stove and double oven as well as ceramic tile back splash. Extra counter space provides plenty of space for counter top appliances and for working in the kitchen. There is also built in desk space for keeping recipes, cookbooks and more!
From the entry, are 2 sets of stairs. The stairs leading down go the English basement. There, you'll find a recreation room with built in bar which could also be used as a guest room or 6th bedroom. Also, in the English basement is a full bathroom and the 5th bedroom of the home. Exterior access to the backyard could also provide an opportunity for related living, in-laws or a room for rent.
On the top level, you'll find a huge loft and the 4th bedroom. The loft features storage seats in a nook, shelving and even more storage. The loft could be used as additional guest sleeping space or as a 7th bedroom.
