In my years of real estate experience, I've encountered many Frequently Asked Questions. Here is a quick FAQ list to answer some of the most important real estate questions asked by home buyers and home sellers in the Chicago area:
Buying a Home
Q: What home can I afford?
A: This is a loaded questions. The home that you can afford will be dependent upon many factors. Meet with a lender to get pre-approved for your home loan. Your lender will be able to tell you how much you can afford. Not only can I recommend a great lender for you, I will help you find the home of your dreams within your budget as well.
Q: Can I buy a home and sell my current one at the same time?
A: Yes you can! It can be a bit complicated, but if definitely can be done. This is actually one of my specialties!
Q: How many homes should I see before making an offer?
A: That depends on you. In my experience buyers know that it is THE home within moments of walking in the door. It's a good idea to look at many homes online to discover what you like. I can put you on an online search based on your home specific criteria. By the time we start looking at homes, you may be surprised at how quickly you find the home you love.
Selling Your Home
Q: How much needs to be done to my house before putting it on the market?
A: Your home should be clean, de-cluttered, and updated (if possible). Also, a fresh coat of paint and new carpet or flooring goes a long way. Outside bushes should be trimmed, pealing paint should be addressed and the general appearance of your home should be appealing to the eye. Contact me for a quick home assessment, so you'll know exactly what needs to be done.
Q: How much is my house worth?
A: The price of your own home will depend on many factors. Your Realtor should be able to provide comparable properties with equal square footage, number of bedrooms and baths, plus other amenities that have recently sold in your area. It's not an exact science, and the pricing may also be based on how quickly you want to move. Don't forget that although you may want a certain dollar amount for your home, the market ultimately determines the value.