I work as a Realtor serving Oswego, Naperville, Montgomery, Aurora, Plainfield, Yorkville and the surrounding suburban areas in Illinois.
Get to know Bo Buchanan
Use this section to write about yourself - don't be shy - Why should a buyer or seller want to work with you? Do you have any certifications and qualifications? What sets you apart from other agents/loan officers?
Bo Buchanan's Blog Posts
Areas I serve - Search the MLS by clicking here or click on the name of any city below:
My office is located in Oswego, IL. just south of Aurora and West of Naperville. I serve the surrounding areas; Naperville, Aurora, Oswego, Montgomery, Plainfield, Romeoville, Bolingbrook, Lisle, North Aurora, Batavia, Geneva, St. Charles, Elburn, Plano, Sandwich, Yorkville, West Chicago, Wheaton, Warrenville and a few other areas. If you are outside this area I can refer you to someone I know and trust. It's always best to work with a Realtor familiar with your area. I grew up in and around the far west suburbs. I have family in many different towns and I drive through different areas I serve each and every day.
Single Family Residential Homes
I've been selling real estate for nearly 7 years in the far west chicago suburbs. When I started out I bought and sold my own home as well as homes for my sister, cousins, aunts & uncles. It's nice to have a big family ;) Even more importantly, I learned very quickly that it's more than just a house - it's a home. For first time buyers this can be an especially emotional time. Coming from a large family, I understand how different people have different wants and needs when it comes to househunting. I often tell my clients that it may take 2 or 3 trips out in the beginning before they really understand what is important to them. This becomes easier as you buy and sell more homes. As a Realtor I also think it is important to know the communities you work in. I only work in Kendall, Kane, Dupage, Will & Dekalb counties - and not all cities in those counties. If you are looking for someone in area I don't serve - I will be happy to refer you to someone I know and trust.
Multi Unit Apartment Buildings
Small apartment buildings often represent the first forage into investing for many would be real estate moguls. My first home was actually a 5 unit apartment building in Chicago. Apartment buildings offer a unique set of concerns that are different from other types of real estate. You need to learn about rental contracts, deposits, local ordinances, etc. Do you know which cities require a yearly inspection of rental property? Do you know if that basement apartment is legal? These kinds of things will affect your real estate down the road. You don't want to buy a 3 unit apartment building only to discover the basement apartment is illegal? If you're working with an agent to buy/sell apartment buildings - shouldn't you work with someone who is an investor themself? I have been an investor since before I became a Realtor and I'm always excited about helping someone put their money to work.
The buzz word in todays market is "Short-Sales". A short sale is when a seller is selling their house for less than they owe. Typically, this means the bank is taking a loss. But less of a loss than if they were to foreclose. For buyers - this represents an excellent opportunity to get a good deal. Whether you're buying or selling a short sale home - you don't want to be the test run for an agent that's never done one. Did you know that nearly 80% of short sales are rejected by the banks? After learning the hard way over the last two years - I've put together a team of experts that gives you the best possible option of completing a short sale. When putting together a short sale, the "Short Sale Package" is an important part of the preparation you must make to get your short sale approved. I've teamed up with a national short sale processing company that regulary works with all the banks. Using paperwork created to make the bank happy - and short sale negotiators who know what the banks want to see - I've got over an 80% approval rate for short sales. For more information on short sales visit my website at http://www.IllinoisHouseHunter.com/
When a bank takes back a property it is called REO or Real Estate Owned in the industry. This means the bank now owns the property, manages it, pays for repairs and puts the home on the market. When these properties are placed on the market they are vacant and often times in need of repairs. In addition - the banks are typically allowed to accept multiple offers. If you can stomach the wait - sometimes 3-6 weeks, you might just wait out the competition and get a good deal. For more information on Foreclosures please visit http://www.IllinoisHouseHunter.com/