Author Archives | Randy Whiting

About Randy Whiting

Randy Whiting is a respected Chicago real estate agent at Lucid Realty a full-service brokerage that offers discounted commissions to sellers and rebates to buyers. With plenty of experience on both sides of the transaction and all type of sales be they conventional, FHA, short sale, or foreclosure; Randy has an experience-driven comfort level that usually rubs off on his clients. In addition, his experience working with developers allows him to provide an in-depth understanding of new development and gut-rehab properties as well as re-sales. Outside of his work as a realtor, Randy spends his time writing and performing music and enjoying the outdoors as often as possible. You can contact him at RWhiting@LucidRealty.com

Discount Brokers: Do You Get What You Pay For?

Written by: - May 28, 2010

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Discount Brokers: Do You Get What You Pay For?

Discount Brokers:  Do you get what you pay for? The answer, as with many things in life is, it depends. It is very easy for an agent at a full-priced broker to use the phrase, “You get what you pay for,” when attempting to downplay the credibility of a brokerage that offers rebates to buyers […]

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Short Sale and Foreclosure Multi-Offer Strategy

Written by: - April 19, 2010

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Short Sale and Foreclosure Multi-Offer Strategy

For the greater good of those who frequent The Chicago 77, I’ve decided to open my playbook and share what I have learned through the numerous short sale and foreclosure (SS/F) experiences that I’ve had. Hopefully there are others out there with lessons that they are willing to share as well. In the end, what […]

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Can Banks Cut Your Commission on a Short Sale?

Written by: - April 13, 2010

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Can Banks Cut Your Commission on a Short Sale?

Given that this is by many accounts “The Year of The Short Sale,” I plan to share my experiences with my peers and the public to shed some light on what Realtors go through when working with this type of transaction. As a listing agent I recently had a short sale accepted by the bank […]

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Pricing A Listing With No Comps

Written by: - March 22, 2010

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Pricing A Listing With No Comps

I recently came across a client that I met through social networking. She told me about a property that she has that was on the market a few times over the past few years at $500k but never sold. I checked it out on the MLS and found that, in addition to a few basic […]

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Chicago Realtors: What Ever Happened To Earning Your Commission?

Written by: - March 4, 2010

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Chicago Realtors: What Ever Happened To Earning Your Commission?

As an active agent I am in the field every day meeting clients, submitting contracts, showing my listings or viewing other agent’s listings. To me real estate is not just a job or a career, it’s a lifestyle. I’m “at work” from the moment I wake up until the time I go to sleep. One […]

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Life After The Home Buyer Tax Credit

Written by: - February 25, 2010

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Life After The Home Buyer Tax Credit

There have been a lot of people speculating on what will happen to the market once the Fed stops buying mortgage backed securities and interest rates start to rise… It is logical for me to think that once the tax credit is over and the interest rates start to climb that buyer’s will be scared […]

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Bank or Broker – Why Shop Around?

Written by: - February 23, 2010

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Bank or Broker – Why Shop Around?

The purpose of this article is to discuss the difference of obtaining a mortgage through either a bank or a mortgage broker/banker and the importance of shopping around. Many of my clients get into home buying in much the same way. Eager to get out looking at properties with no idea how much money they qualify to spend. As […]

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The Short Sale Process Part 2 ? New Regulations Mean an Easier Process

Written by: - February 10, 2010

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The Short Sale Process Part 2 ? New Regulations Mean an Easier Process

In the first half of this article we ran through one possible short sale scenario. The goal was to establish a need for short sale regulation. The focus of this second part is to discuss the Treasury Departments imminent guidelines. On April 5th the Treasury Department’s new Home Affordable Foreclosure Alternatives Program (HAFA) will take […]

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The Short Sale Process Part 1 – How to Hit a Bull’s Eye While Blind Folded

Written by: - February 8, 2010

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The Short Sale Process Part 1 – How to Hit a Bull’s Eye While Blind Folded

The question I come across regarding short sales involves an uncertainty of the length of time it will take to navigate this process successfully to the end. Unfortunately the answer can be equated to the number of licks it takes to get to the center of a Tootsie-Pop.

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