Most of us rarely get things perfect on the first try. We learned to walk by falling down more times than we could count. Mistakes are a part of life, but some mistakes are more costly than others, especially when it comes to buying a Chicago home. Consider home shopping – making a wrong choice during this process can haunt you for years. Fortunately you don’t have to stumble through shopping for Chicago homes for sale blindly, like a child learning to walk.
By looking at some of the common troubles home buyers face, you’will be better equipped to avoid them yourself. When it comes to shopping for Chicago homes for sale and buying a home you don’t have the luxury of being able to try and fail over and over again. What you do have however is easy access to the information you need to make smart decisions.
Love at First Sight – Getting Attached Too Soon
Love at first sight – It’s not just a phenomenon that happens between people, it also happens when shopping for Chicago homes for sale. Some people see a home and fall hard, refusing to look further or settle for anything less. As with whirlwind romances this approach to home shopping can be extremely hazardous.
Chicago Real Estate Specialists – Call Today! – 773-671-4663
It is best to shop around so that you are sure about the deal you are getting. When you are first starting out your Chicago homes for sale search you won’t have a complete frame of reference. Before you can truly judge a home you need to understand the local market, what homes look like and sell for.
The first home that grabs your attention may actually end up being a perfect fit, but you won’t know for sure until you look around and comparison shop. Try not to let your emotions get the best of you. Buying a home is a serious decision and investment so try to be as level-headed as possible.
Shopping for Chicago Homes for Sale Help
For many people shopping for Chicago homes for sale and buying a home is the ultimate sign of independence. You are making a huge purchase and taking on a big responsibility, all to get out from under the people who have always owned the roof over your head. In this context it’s easy to see why some people may want to do everything themselves. However, this can be a big mistake.
Help with shopping for Chicago real estate homes for sale, usually comes in the form of hiring a real estate professional. The Internet has given buyers new tools for shopping on their own, but is this necessarily a wise choice without the assistance of a seasoned real estate professional to guide you throughout the transaction?
Even seasoned home buyers who have bought and sold two, three or four homes still have far less experience than a relatively new real estate agents that live sand breathes Chicago homes for sale. They know the process and their market better than you could ever hope to without becoming an agent yourself. That kind of expertise is invaluable when it comes to finding the right home and sealing the deal.
Overextending Yourself Financially
Shopping for Chicago homes for sale and buying a home will probably be on of the most expensive purchases you’ll make in your life. Like most people, you will probably need to borrow money and that adds another layer of complication. So how do you make sure thta you stay within your means with someone else’s money?
Before you even start to look at Chicago homes for sale, you should carefully examine your financial situation. You want to look at how much you owe, how much you earn and how you can free up more of your income if necessary. Look into loan pre-approval early on so you can get an idea of how much money you’ll be able to get for your purchase.
Throughout the process you should try and stick to the conservative side of your estimations, too many people buy a home at the very top of their budget on the assumption that their income is going to continue climbing. That’s something you can’t be sure about and it’s better to spend cautiously rather than risking your home on an uncertain future.
Your first home isn’t likely to be your last. People usually start out small and upgrade their housing as they earn more money. There’s no shame in settling for something smaller than you’d expected if it means you can confidently afford the monthly payments.
Making Sure The First Time’s The Charm
When you’re dealing with the homeowner you are hoping to buy from it’s fine to act completely confident but when you’re alone or with your agent you need to be honest about your limitations. You’re entering a new world and it’s OK to feel lost or confused. The trouble comes when you pretend your limitations don’t exist and you push forward anyway.
Take your time going forward, carefully examining all your options, Chicago homes for sale and home loans alike. Do as much research when you can and ask for help when you are uncertain. Finally, you can’t make absolute sure that your first home purchase is perfect, few of them ever are, but you can ensure that it fits your needs. And that’s what really matters, a home you can call your own at a price you can afford.
Chicago Real Estate Specialists – Call Today! – 773-671-4663
Hands down, RE/MAX Associates are the most knowledgeable agents with the experience and community connections to assist you with in your home purchase across the globe.
Customers going through the home buying and selling process know RE/MAX Associates as “The Real Estate Leaders®” and why no one in the world sells more real estate than RE/MAX. Call us today for a list of Chicago homes for sale currently available in your area of interest.
We offer a variety of comprehensive real estate services for buyers and sellers in the following counties:
- Cook County IL Real Estate
- Will County IL Real Estate
- Du Page CountyIL Real Estate
- Kane CountyIL Real Estate
- McHenry County IL Real Estate
- Lake County IL Real Estate
Please give us a call today at 773.671.4663 or fill out the online contact form and let us know how we can best serve your Chicago real estate needs. We speak English and are also fluent in Spanish and Polish. We look forward to working with you!
Adam Balawender, Realtor, CDPE
Real Estate Pro Chicago Remax, City
Cell Phone: 773.671.4663