CICERO IN CICERO ISN'T REALLY

@antonio_realtor_chicago

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Why it worked

The video provides practical, localized advice on a common pain point for homeowners in Cicero, using a clear, step-by-step explanation of potential financial pitfalls and regulatory hurdles. The relatable scenario and direct address to homeowners create a strong sense of value and urgency.

Summary

The video explains the complexities of selling a home in Cicero, Illinois, focusing on the town's mandatory inspection process. It highlights how Cicero's regulations, including required repairs and permits for unpermitted work, can significantly impact the property's value and the seller's or buyer's financial obligations, potentially leading to unexpected costs and delays.

Structure

1Introduction to Cicero's home selling challenges
2Explanation of town inspections and required permits
3Consequences of unpermitted work and required repairs
4Impact of Cicero's regulations on property value and buyer financing
5Scenario of buyer's inability to afford repairs
6Conclusion on how township inspections complicate sales

Product placement

CICERO: A town in Illinois. It is mentioned as a location where selling a house has specific challenges related to town inspections. The town's regulations affect the process of selling a home. The town requires inspections and will not issue transfer stamps without them. The town also requires certain repairs to be done by licensed and bonded professionals. The town's regulations can add significant costs and delays to a home sale. The town's inspection process is a key factor in determining the final sale price of a home. The town's requirements can also impact the buyer's ability to secure financing. The town's involvement in the home selling process can be a major hurdle for both buyers and sellers.

Original caption

Selling your home in Cicero comes with its challenges. Mainly having to decide if whether or not you were going to leave the new Buyer with the required home improvements that come after the town of Cicero’s home inspection. If you are a homeowner thinking of selling your home in Cicero watch this video. ##sellingmyhome##sellinghomes##cicero##ciceroillinois##berwyn

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On-screen text

CICERO IN CICERO ISN'T REALLY JUST SELLING A HOUSE IN CICERO YOU FIGURED THAT YOU JUST TELL A REALTOR, HEY, PUT MY HOUSE IN THE MARKET FOR THIS MUCH MONEY? MORE COMPLICATED THAN THAT. ESPECIALLY IF SOMEONE'S GONNA TRY TO SELL THEIR AS IS. OKAY, IN CHICAGO, YOU DON'T HAVE TO WORRY ABOUT THIS. BUT IN PLACES LIKE CICERO, BERWYN, STICKNEY, RIVERSIDE, EVERYONE KNOWS, LIONS, THAT IF YOU SELL YOUR HOUSE, YOU NEED TO DO A, UH, AN INSPECTION, A PRE SALE INSPECTION. THE CITY WILL NOT GIVE YOU TRANSFER STAMPS, AND THEY WON'T ALLOW THE TRANSFER OF PROPERTY THE OTHER UNLESS YOU HAVE THE, UM, THAT INSPECTION DONE. OKAY, SO WHY. WHY DO THE INSPECTION? THEY WANNA MAKE SURE, BASICALLY, THAT THE PROPERTY THAT YOU'RE BUYING IS UP TO PAR. AND IT'S PAR AGAINST THE RULES AND REGULATIONS FOR. FOR THE TOWN. SO STUFF ILLEGAL BATHROOMS, BEDROOMS, THEY'LL ASK FOR YOU TO DECONVERT THOSE THINGS. NOW, IT'S NOT JUST ABOUT DECONVERTING THOSE PARTS OF THE HOUSE. TO DO THOSE THINGS, THEY'LL ASK YOU TO DO IT, GO TO THE TOWN, AND THEY WANT YOU USUALLY TO PAY SOMETHING CALLED AN ESCROW. AN ESCROW IS LIKE A LITTLE DEPOSIT OF. LET'S SAY IT IS, SAID 3,000. THEY'LL SAY, BRING US $3,000, WE'RE GONNA HOLD IT, AND WHEN YOU'RE DONE DOING THE REPAIRS WE NEED YOU TO DO, WE'LL GIVE YOU THAT MONEY BACK. THE OTHER PART OF WHEN THEY ASK YOU TO DO THE REPAIRS, THEY WANNA MAKE SURE, USUALLY, THAT IT'S BY SOMEBODY WHO'S LICENSED AND INSURED AND REGISTERED THROUGH THAT TOWNSHIP. SO SPECIFICALLY FOR CICERO, THAT YOU CHOOSE TO DO THE WORK, THOSE STANDARDS. THEY HAVE TO, OR ELSE. OR, YOU KNOW, AND. THAT, THEY HAVE TO COME THROUGH WITH THE, UM. WITH THE. WITH THE ESCROW MONEY. OKAY? SO HOW DOES THAT AFFECT PEOPLE IN CICERO WHO ACTUALLY WANNA SELL THEIR HOUSE? WELL, WHEN THEY COME IN, WHEN THEY CALL ME OR YOU, RIGHT? WE WOULD LIKE A REALTOR TO SELL OUR HOUSE IN CICERO, YOU TELL US HOW MUTCH THE VALUE IS WORTH. TOTALLY FINE. I CAN ALL DAY. HOUSE, CHECK, HOUSE, CHECK TO SEE WHAT THE BASEMENT THE BEDROOMS, THE BATHROOM. HOW OLD IS YOUR ROOF, HOW OLD IS YOUR FURNACE AND ALL THAT. THAT'S FINE. BUT WHAT IT ENDS UP HAPPENING IS WHEN I COMPARE IT ON THE MARKET, I'LL GET A NUMBER, BUT THE DATA THAT'S MISSING IS, HOW MUCH OF REPAIRS IS CICERO GONNA REQUIRE YOU TO DO? SO LET'S SAY LET'S SAY YOU LIVED, UH, YOU HAD A HOUSE ON AUSTIN. LET'S SAY IT'S ON 24TH IN AUSTIN, ON THE CORNER, OKAY? ACROSS. ACROSS FROM THE SCHOOL. THERE'S A BUILDING THERE. LET'S SAY THE BUILDING. THIS IS FICTITIOUS. SO LET'S SAY THE BUILDING WAS WORTH 400,000. OKAY? I GO ON COMPS, IT LOOKS LIKE IT'S 400,000. COOL. BUT WHAT WE DON'T KNOW IS, IS THAT THE TOWN OF CICERO IS GONNA REQUIRE FOR YOU TO TAKE OUT THE ENTIRE BASEMENT WALLS, THE BATHROOM IN THE BASEMENT. AND WHEN YOU MAKE A TO FIND OUT HOW MUTCH IT'S GONNA COST THAT WORK, THE ESTIMATE COMES OUT TO LIKE, 10 GRAND. 10 GRAND THE PLUMBER NEEDS TO COME OVER AND CLOSE THE, THE SEWER LINE, AND YOU'RE GONNA HAVE TO GET DUMPSTERS AND, YOU KNOW, REWIRE SOME THINGS. OKAY? ON TOP OF THAT, THEY FIND OUT THAT THE, THAT THERE'S A WIRING ALL OVER, ALL OVER, DINING ROOM. EXPOSED. EXPOSED WIRES. TOWN OF SISRO DOESN'T, LIKE, BE ACQUIRING. SO NOW, UH, WHAT ELECTRICIAN SHOWS UP AND SAYS, OOH, THIS IS ABOUT $5,000 IN REPAIR? SO FROM THE GET GO, JUST FROM THE INSPECTION, FROM THE TOWN, WE KNOW THAT WHOEVER BUYS THE HOUSE IS NOW GONNA HAVE TO DO $15,000 IN REPAIRS BECAUSE SISRO'S GONNA MAKE HIM DO IT. SO WHEN YOU'RE ASSUMING THE VALUE OF 400,000, IS THE VALUE REALLY 400,000 OR IS IT THREE EIGHTY FIVE BECAUSE OF THAT 15,000 DOLLAR GAP. AND WHAT'S GONNA END UP HAPPENING DURING THE WITH THIS, WITH THE AGENT THAT'S BRINGING THEIR CLIENT? YOU'RE GONNA HAVE TO SPILL IT OUT FOR THIS PROPERTY IS WORTH 400, BUT WE'RE DOING THREE. EIGHTY FIVE BECAUSE OF ALL THESE ISSUES THAT YOUR CLIENT IS GONNG TO HAVE AND THEN IT RAISES ANOTHER PROBLEM. WHAT IF YOUR CLIENT. WHAT IF THE BUYER DOESN'T HAVE THE $3,000 EXTRA TO GIVE AN ESCROW? WHAT IF THEY'RE JUST, LIKE, BARELY RIGHT THERE, YOU KNOW, UH, JUST ABLE TO BUY IT? THEY'RE GONNA ASK YOU SAY THEY NEED DOWN PAYMENT ASSISTANCE, BUT THE CITY IS GONNA STEP IN AND SAY, HEY, YOU HAVE NINE MONTHS TO FIX THESE $15,000 WORTH OF PROBLEMS. IN THEIR BUDGET TO DO IT, YOU KNOW, NOW YOU HAVE TO WAIT FOR, PERSON TO COME ALONG INTO, UH, PROPERTY. THAT'S WHAT HAPPENS WHEN THESE TOWNSHIP INSPECTIONS GET INVOLVED. WOW.

Transcript

IN CICERO ISN'T REALLY JUST SELLING A HOUSE IN CICERO YOU FIGURED THAT YOU JUST TELL A REALTOR, HEY, PUT MY HOUSE IN THE MARKET FOR THIS MUCH MONEY? MORE COMPLICATED THAN THAT. ESPECIALLY IF SOMEONE'S GONNA TRY TO SELL THEIR AS IS. OKAY, IN CHICAGO, YOU DON'T HAVE TO WORRY ABOUT THIS. BUT IN PLACES LIKE CICERO, BERWYN, STICKNEY, RIVERSIDE, EVERYONE KNOWS, LIONS, THAT IF YOU SELL YOUR HOUSE, YOU NEED TO DO A, UH, AN INSPECTION, A PRE SALE INSPECTION. THE CITY WILL NOT GIVE YOU TRANSFER STAMPS, AND THEY WON'T ALLOW THE TRANSFER OF PROPERTY THE OTHER UNLESS YOU HAVE THE, UM, THAT INSPECTION DONE. OKAY, SO WHY. WHY DO THE INSPECTION? THEY WANNA MAKE SURE, BASICALLY, THAT THE PROPERTY THAT YOU'RE BUYING IS UP TO PAR. AND IT'S PAR AGAINST THE RULES AND REGULATIONS FOR. FOR THE TOWN. SO STUFF ILLEGAL BATHROOMS, BEDROOMS, THEY'LL ASK FOR YOU TO DECONVERT THOSE THINGS. NOW, IT'S NOT JUST ABOUT DECONVERTING THOSE PARTS OF THE HOUSE. TO DO THOSE THINGS, THEY'LL ASK YOU TO DO IT, GO TO THE TOWN, AND THEY WANT YOU USUALLY TO PAY SOMETHING CALLED AN ESCROW. AN ESCROW IS LIKE A LITTLE DEPOSIT OF. LET'S SAY IT IS, SAID 3,000. THEY'LL SAY, BRING US $3,000, WE'RE GONNA HOLD IT, AND WHEN YOU'RE DONE DOING THE REPAIRS WE NEED YOU TO DO, WE'LL GIVE YOU THAT MONEY BACK. THE OTHER PART OF WHEN THEY ASK YOU TO DO THE REPAIRS, THEY WANNA MAKE SURE, USUALLY, THAT IT'S BY SOMEBODY WHO'S LICENSED AND INSURED AND REGISTERED THROUGH THAT TOWNSHIP. SO SPECIFICALLY FOR CICERO, THAT YOU CHOOSE TO DO THE WORK, THOSE STANDARDS. THEY HAVE TO, OR ELSE. OR, YOU KNOW, AND. THAT, THEY HAVE TO COME THROUGH WITH THE, UM. WITH THE. WITH THE ESCROW MONEY. OKAY? SO HOW DOES THAT AFFECT PEOPLE IN CICERO WHO ACTUALLY WANNA SELL THEIR HOUSE? WELL, WHEN THEY COME IN, WHEN THEY CALL ME OR YOU, RIGHT? WE WOULD LIKE A REALTOR TO SELL OUR HOUSE IN CICERO, YOU TELL US HOW MUTCH THE VALUE IS WORTH. TOTALLY FINE. I CAN ALL DAY. HOUSE, CHECK, HOUSE, CHECK TO SEE WHAT THE BASEMENT THE BEDROOMS, THE BATHROOM. HOW OLD IS YOUR ROOF, HOW OLD IS YOUR FURNACE AND ALL THAT. THAT'S FINE. BUT WHAT IT ENDS UP HAPPENING IS WHEN I COMPARE IT ON THE MARKET, I'LL GET A NUMBER, BUT THE DATA THAT'S MISSING IS, HOW MUCH OF REPAIRS IS CICERO GONNA REQUIRE YOU TO DO? SO LET'S SAY LET'S SAY YOU LIVED, UH, YOU HAD A HOUSE ON AUSTIN. LET'S SAY IT'S ON 24TH IN AUSTIN, ON THE CORNER, OKAY? ACROSS. ACROSS FROM THE SCHOOL. THERE'S A BUILDING THERE. LET'S SAY THE BUILDING. THIS IS FICTITIOUS. SO LET'S SAY THE BUILDING WAS WORTH 400,000. OKAY? I GO ON COMPS, IT LOOKS LIKE IT'S 400,000. COOL. BUT WHAT WE DON'T KNOW IS, IS THAT THE TOWN OF CICERO IS GONNA REQUIRE FOR YOU TO TAKE OUT THE ENTIRE BASEMENT WALLS, THE BATHROOM IN THE BASEMENT. AND WHEN YOU MAKE A TO FIND OUT HOW MUTCH IT'S GONNA COST THAT WORK, THE ESTIMATE COMES OUT TO LIKE, 10 GRAND. 10 GRAND THE PLUMBER NEEDS TO COME OVER AND CLOSE THE, THE SEWER LINE, AND YOU'RE GONNA HAVE TO GET DUMPSTERS AND, YOU KNOW, REWIRE SOME THINGS. OKAY? ON TOP OF THAT, THEY FIND OUT THAT THE, THAT THERE'S A WIRING ALL OVER, ALL OVER, DINING ROOM. EXPOSED. EXPOSED WIRES. TOWN OF SISRO DOESN'T, LIKE, BE ACQUIRING. SO NOW, UH, WHAT ELECTRICIAN SHOWS UP AND SAYS, OOH, THIS IS ABOUT $5,000 IN REPAIR? SO FROM THE GET GO, JUST FROM THE INSPECTION, FROM THE TOWN, WE KNOW THAT WHOEVER BUYS THE HOUSE IS NOW GONNA HAVE TO DO $15,000 IN REPAIRS BECAUSE SISRO'S GONNA MAKE HIM DO IT. SO WHEN YOU'RE ASSUMING THE VALUE OF 400,000, IS THE VALUE REALLY 400,000 OR IS IT THREE EIGHTY FIVE BECAUSE OF THAT 15,000 DOLLAR GAP. AND WHAT'S GONNA END UP HAPPENING DURING THE WITH THIS, WITH THE AGENT THAT'S BRINGING THEIR CLIENT? YOU'RE GONNA HAVE TO SPILL IT OUT FOR THIS PROPERTY IS WORTH 400, BUT WE'RE DOING THREE. EIGHTY FIVE BECAUSE OF ALL THESE ISSUES THAT YOUR CLIENT IS GONNG TO HAVE AND THEN IT RAISES ANOTHER PROBLEM. WHAT IF YOUR CLIENT. WHAT IF THE BUYER DOESN'T HAVE THE $3,000 EXTRA TO GIVE AN ESCROW? WHAT IF THEY'RE JUST, LIKE, BARELY RIGHT THERE, YOU KNOW, UH, JUST ABLE TO BUY IT? THEY'RE GONNA ASK YOU SAY THEY NEED DOWN PAYMENT ASSISTANCE, BUT THE CITY IS GONNA STEP IN AND SAY, HEY, YOU HAVE NINE MONTHS TO FIX THESE $15,000 WORTH OF PROBLEMS. IN THEIR BUDGET TO DO IT, YOU KNOW, NOW YOU HAVE TO WAIT FOR, PERSON TO COME ALONG INTO, UH, PROPERTY. THAT'S WHAT HAPPENS WHEN THESE TOWNSHIP INSPECTIONS GET INVOLVED. WOW.