For the
BUYERS
The Best Time To Start Is Always Now
Let us know what you are looking for, and we will tailor the best possible fit for you and deliver it directly to your inbox.
We will walk you through every step of the way
The road to home ownership can be as complex as exciting.
We have compiled a summary that describes the motions needed to succeed to the best of our knowledge.
The NAR has broken down the process in six steps
Get Ready for Home' Ownership
- Build a good credit history
- Get mortgage pre-approval
- Find out what type of mortgages you quality for
- Consider hiring an attorney to review all contracts and agreements associated with the home-buying process.
- Save up for a down payment (typically 10-20% of the property’s value; if FHA-qualified, then possibly less)
- Consider closing costs which can include taxes, attorney’s fees, and transfer fees.
- Consider utilities and monthly bills, such as homeowner’s assessments.
Find a Real Estate Professional
- Get a referral from friends, family, and work colleagues, or search realtor.com® and look for real estate yard signs and advertisements
- Ask the real estate professionals you interview about buyer’s representation contracts and agreements; make sure you understand the terms
- Explain your needs and expectations to the real estate professional you choose to work with
Find the Right Property
- Determine what is important to you, such as particular schools, neighborhood amenities, monthly mortgage payment, public transportation, walkability, etc.
- Make sure you include home owner’s assessments, utilities, and taxes when calculating the monthly mortgage payment
Finance the Property
- Contact your mortgage broker or lender
- The lender or attorney will run a title search to ensure there are no clouds on the title
- Make sure you understand the financing terms—ask the lender for clarification, if needed
Make an Offer
- Ensure the property is inspected by a licensed home inspector
- Acquire title insurance
- Make sure the title is clear, or make your offer contingent upon title clearance
- Read all contracts before signing—make sure you understand all of the terms, ask questions
- Place a competitive bid and be prepared to make a counter-offer
- Keep your credit score stable and in-check by waiting to purchase any big-ticket items until long after the closing
- Only one offer will result in a sale, so be prepared to move on if your offer is not accepted
Closing and Life After the Big Purchase
- Protect your new asset by obtaining insurance such as homeowner’s, flood, disaster, and fire
- Weatherproof your new home
- Maintain files—digital or print—for all warranties, insurance documents, contracts, etc.
- Keep original closing documents in a safe place, preferably outside the home (such as a safety deposit box)
- Set up utilities bills in your name, maintain files
- Implement desired aesthetic changes such as painting, minor construction, and re-flooring
- Set a move date and hire movers or plan a move party with your friends
- Get to know your neighbors and explore your new neighborhood
- If you’re happy with the work of your real estate professional, be sure to recommend her/him to friends and family
Home Search
Whether you are buying or renting, we are happy to help!
Home Buying
I want to find my dream property
Home Rental
I want to find the best rental for me
Showings
Attend an Open House
As a buyer, you can benefit significantly from it, even if you are not 100% interested in the home you are touring, helping you understand what you like and dislike about the house and the neighborhood.
The Value
Why do I need a Real Estate Agent?
A knowledgeable realtor has more experience than the average buyer when shopping for a home; they will be able to notice details you might overlook, saving you a lot of stress, time, and money.
Build Your Own
New Construction & Reconstruction
Our partner company is a Professional, Licensed Chicago General Contractor who can provide you with the expertise needed to build or rehab your property.
Let any of our team members know your interest in learning more about it.
Divi Real Estate Agent
info@centercityrealtyllc.com
Office
939 W North Ave, Suite 750 Chicago, IL 60642
Phone Number
(312) 767 – 8830
Business Hours
M-F 8 am – 6 pm
