“We’re ready to buy a new home!” Easy words to say, but not so easy to do. Purchasing a house is a multi-step process and each step must be finished completely before moving on to the next. Garry Real Estate has created our Home Buyers checklist, which is filled with explanations, tools and tips to make your home buying experience smooth and easy.
Whether you need to accommodate your growing family, or are investing for your future, now is the best time to explore the housing market. The best place to start on this exciting new venture is with us, call us today, to find your new property.
Before you start shopping for your property, make some preparations. While every home buying experience is unique, there are some universal steps you can take to make sure everything goes as smoothly as possible. An ounce of preparation can save the day.Build Your Green File
Recent Pay Stubs
Tax Returns For The Last Two Years
Copies of Any Leases From Investment Properties
Stock, Bonds, and Mutual Accounts Information
Now that you have spoken to a lender and those those preparations are out of the way, it’s time to find the right property for YOU.
To make the process of getting to know your potential new neighborhood easier, we have created the next few tabs to allow you quick access to important information about Schools, Local Businesses and Demographics for the area.Select Your Area
A home inspection is not required, but highly recommended. This will no doubt be the largest purchase you make. Spending a couple of hundred dollars to have a qualified person thoroughly inspect your future home may prevent thousands of dollars of unexpected repairs later on. Contact a licensed home inspector of your choice (if you are working with a “buyers agent”, then he/she may recommended one). The home inspector will set an appointment that is convenient for you. The inspection must take place during your inspection period, usually 10 days from acceptance of your offer.
We are there to help you should an unforeseen issue pop up, even at this stage. In case something at the property breaks or some other minor detail rises up there is no need to worry. These things happen, so we know how to handle them efficiently and in a stress free manner.
The closing agent will furnish all parties involved with a settlement statement. The settlement statement summarizes and details all the financial transactions enacted in the process. You and the seller(s) will sign the statement together with the closing agent, certifying its accuracy. If you are actually obtaining financing, you will have to sign all pertinent documentation required by the lending institution as well. If you are unable to attend the scheduled closing, arrangements can be made depending on the circumstances and the notice you give us. If you are bringing the funds to the transaction, you can choose to either have the funds wired electronically into the aforementioned escrow account, or bring a certified bank check to the closing in the amount specified on the settlement statement. The seller will usually arrange to have all property keys and any other important information and items for you at the closing so that you may receive them at this time.
THE TEN COMMANDMENTS OF BUYING A HOME
1. Thou shall not change jobs, become self-employed or quit your job.
2. Thou shall not buy a car, truck or van (or you may be living in it)!!
3. Thou shall not use credit cards excessively or let current accounts fall behind.
4. Thou shall not spend money you have set aside for closing .
5. Thou shall not not omit debts or liabilities from your loan application.
6. Thou shall not buy furniture.
7. Thou shall not originate any inquiries into your credit.
8. Thou shall not make large deposits without checking with your loan officer.
9. Thou shall not change bank accounts.
10. Thou shall not co-sign a loan for anyone.
When buying a house it pays to plan ahead. The best way to do that is to get your mortgage pre-approved. This gives you a clear idea on what kind of property you can buy; pre-approval also gives you better leverage when it is time to make an offer to a seller, it shortens the time to closing the deal, and puts you ahead of the line in the eyes of a seller. Click on on of our preferred brokers below and go on the path to get pre-approved today
Village of Bartlett (630)837-0800
Village of Bloomingdale (630)893-7000
Village of Carol Stream (630)665-7050
Elk Grove Village (847)439-3900
City of Elmhhurst (630)530-3000
City of Geneva (630)232-7494
Village of Glen Ellyn (630)469-5000
Village of Hoffman Estates (847)882-9100
City of St. Charles (630)377-4400
Village of Schaumburg (847)895-7806
City of Wheaton (630)260-2000
Post Office (800)275-8777
Illinois Park Districts (217)523-4554
Gas NICOR (888)642-6748
Electric ComEd (800)334-7661
Train Metra (312)322-6777
Telephone AT&T (800)800-288-2020
Illinois Board of Education (217)782-4321