Picture


Purchasing a home is by far one of, if not the largest purchase a person will make in their life.  As with many purchases most people start their search online.  The problem is most people automatically start searching for homes before learning the process and laying the ground work.  Before you are ready to look at homes it's imperative to understand the process.  Another mistake people make is that they run straight to a lender to find out how much they can afford.  This mistake can have serious consequences down the road.  There are 3 important steps when starting a home search...

Step 1:  Contact a Realtor - A real estate Broker's services are much more extensive than just finding homes and taking you to look at them.  A Realtor (real estate Broker) is there to guide you through the process and recommend experienced and proven vendors such as lenders and attorneys to ensure a smooth and successful transaction.  It is important to find a Realtor you are comfortable with and stick with them throughout the process.  Attempting to use or contact multiple Realtors can create legal issues and make it difficult for anyone to properly represent and guide you. 

Step 2:  Contact a Lender - Get at least 2 - 3 recommendations from your Realtor.  Realtors work with Lenders on a regular basis and typically have a handful of Lenders they know will properly guide you and successful close the transaction.  Too often I see people randomly walk into a bank, ask to be pre-approved and end up with an inexperienced mortgage consultant that ends up unable to close on time.  The lender will then pre-approve you and give you an estimate on costs.  It is important to stay within a comfortable payment rather than automatically going with your pre-approved maximum. 

Step 3:   Set your search parameters with your Realtor - Too often people rush to the web and start looking on Trulia, Zillow and Realtor.com.  The best advice I can give you is DONT - these sites get the listings from various sources, including the MLS (Realtors Multiple Listing Service) however their inventory is incomplete and quite often inaccurate.  There is also a serious delay in the data.  It can take, hours, days and even weeks for these sites to get a listing and by that point there is a good chance the property is under contract or about to be in a multiple offer situation.  These sites also have a delay in removing pending and sold properties.  in today's market even a day delay can cost a buyer a property.  The Realtor's MLS is the most current and complete data source and is the first to be updated since it is the ultimate source for the other sites.  Have your Realtor setup an auto search and you will be emailed as new properties come available or as prices change.  Searching the web for a property yourself will only cause you frustration during the process. 

Starting with these 3 simple steps will lay the ground work for a smooth transaction.  For in-depth details on the process including the offer process and closing process call or email -

Chris "CK" Kravetz
Broker/Realtor/GRI
Mobile:  847.867.7990
CK@CKrealtor.com
"Building clients' wealth through real estate"


 
 
Picture
Whether you are new at purchasing a home or one of the old timers, don't forget to apply for your Homestead Exemption.  So many buyers are so excited about their new home they forget to apply for the exemption(s) that are allowed them.  If you do not apply, the exemption will not be made available to you; thus causing you to pay more in taxes.  Senior also can request a Senior Exemption and a Senior Freeze.
To apply contact your local Township Assessor.

Information supplied by:
Chris "CK" Kravetz
Broker/Realtor/GRI
847-867-7990

 
 
Picture
Interested in attending a Home Buyers Seminar?
Contact me via email at:  CK@CKrealtor.com.

Whether you are a first time home buyer or someone who wants to refresh/update their knowledge on purchasing a home, you will find this an interesting gathering.  Do you have questions regarding short sales and foreclosures?  We can discuss that too.

Our Home Buyers Seminar will be on November 15, 2014, in Arlington Heights from Noon to 1:30 p.m.  A major lender will be in attendance for a more thorough/complete session.  Please contact me should you like to attend. 



 
 
Picture
                               The following website information I've decided to give you is based on requests from individuals interested in specific statistics and/or information buyers have wanted prior to purchasing a home.  My firm and I provide this information strictly for fact gathering purposes only and in no way directs or steers any interested parties based on this information:

 
                    School District Information
                                           
                                                                             Illinois State Board of Education - (School Report Card)
                                                                             100 W. Randolph, Suite 14-300
                                                                             Chicago, IL  60601
                                                                             312/814-2220
                                                                             www.isbe.state.il.us/


                                            Crime Reports
Illinois Criminal Justice Information Authority
120 S. Riverside Plaza, Ste. 1016
Chicago, IL  60606
312/793-8550
www.icjia.state.il.us
Illinois State Police
3780 E. Lake Shore Drive
Springfield, IL  62707
217/786-7107
www.isp.state.il.us

                                        Sex Offender List (Locate the County you are buying in.)
Lake County, Illinois Sheriff
25 S. Utica Street
Waukegan, IL  60085
847/377-4000
www.co.lake.il.us/sheriff
Illinois State Police
Sex Offender Information
3780 E. Lake Shore Drive
Springfield, IL  62707
217/786-7107
www.isp.state.il.us
For further assistance contact:

Chris "CK" Kravetz
Broker/Realtor/GRI
@properties
Mobile:  847.867.7990
CK@CKrealtor.com
 

#ckrealtor #chris kravetz