STEP BY STEP
LETICIA’S PREFERRED TEAM
Here’s your own personal checklist to help guide you through the home buying process and keep track of your progress.
DANIEL DE LA CRUZ State Farm® Insurance Agent State Farm ® 630.516.0092 | dan.delacruz.rl8a@statefarm.com
STEPHEN SANTOS
Hire a Buyer’s Agent • A buyer’s agent will represent only you and have fiduciary responsibility to look out for your best interests. • Buyer’s agent may ask you to sign a buyer’s broker agreement, but it is the seller who pays the commission. Get Pre-approved • Ask your agent for a referral to a mortgage broker, but also compare rates offered by your own bank and/or credit union. • Ask the lender to give you a loan pre-approval letter, which means it will verify your income and pull a credit report. • Determine your maximum loan amount, but choose only a mortgage type that you understand and a payment level with which you feel comfortable (this may very well be less than the maximum for which you are approved.) Look at Homes for Sale • Ask your agent to set up an auto search on the MLS for homes in areas you would like to live. • Narrow your search to those homes that fit your exact parameters to find that perfect home. • Ask your agent to give you MLS print-outs of comparable sales in your targeted neighborhood. • Consider all homes on the market, including fixer-uppers, REOs, foreclosures, short sales and those overpriced homes with longer DOM. (The differences in these types of sale is addressed later in this packet) • Observe open house etiquette. • Tell your agent which online home listings you are interested in previewing and ask for additional input. Write a Purchase Offer • Your real estate agent will draft the contract for you. • Ask your agent for a referral to an experienced real estate lawyer if you don’t have one. The lawyer will review executed contracts, disclosures, and amendments to ensure your best interest. • Consider writing seller’s market offers in sellers markets and buyer’s market offers in buyer’s markets. • Select a home offer price based on the amount you feel a seller will accept or counter. • If you are considering a low-ball offer, ask your agent to substantiate this price for you. • Prepare for multiple offers if the home is considered desirable in a hot location. • If you offer is rejected, ask your agent to explain why so you don’t repeat the mistake with your next offer.
Owner & Principal Inspector Above Grade Home Inspectors, LLC 773.610.9883 | stephen@abovegradechicago.com
As a seasoned home inspector, Stephen bring nine years of experience meticulously assessing properties. From foundation to roofing, he has developed an astute eye for detail, identifying potential issues and ensuring the safety and functionality of homes. His dedication to delivering comprehensive reports and commitment to excellence have established him as a trusted professional in the realm of home inspections.
Daniel graduated from Dominican University in 2001 and embarked on a fulfilling journey with State Farm Insurance. His initial role as an auto adjuster allowed him to assist families in recovering from unexpected events. His office specializes in a range of insurance services, covering auto, life, health, and commercial insurance. Beyond insurance, his team collaborates with various vendors to offer competitive financial services.
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