Deciding to Buy A Home

Get Pre-Approved

Start your home buying journey with a pre-approval from a licensed lender to understand your financial capabilities. This step not only pinpoints your price range but also strengthens your position as a serious buyer, enhancing your appeal in competitive markets like Lincoln Park and Lake View.

Set Up A Search

Leverage the innovative Compass Real Estate mobile platform to customize your property search according to your preferences using up-to-date MLS data. This tool is especially beneficial for those who are always on the move or first-time buyers in Chicago. The platform allows you to manage your favorite listings, schedule showings, and communicate directly with your agent. Additionally, take advantage of “Collections,” a visual workspace designed to streamline your property research, facilitate collaboration, and ensure you’re kept informed about any changes to your saved properties in areas like Roscoe Village and Logan Square.

Private Showings

Arrange private viewings to explore properties that interest you. Gain first access to Compass’s exclusive listings, including ‘Coming Soon’ properties that are not yet publicly available, ensuring you have the opportunity to view fresh listings in your desired areas or school districts in Chicago.

Submit an Offer

Once you find a property that captures your heart, we’ll help you craft a compelling offer based on comparable property prices in the area. For your convenience, we will send you the documents via DocuSign for your review and signature. We’ll handle the submission quickly and efficiently to enhance your chances of securing your preferred home in neighborhoods like Lincoln Park, Lake View, or West Town.

Home Inspection

A thorough inspection by a licensed professional will be conducted to evaluate the structural integrity and systems of the home. This crucial step not only ensures the safety and security of your potential new home but also aids in negotiating adjustments to the terms based on the condition of the property.

Attorney Review

The purchase agreement will undergo a detailed review by attorneys from both sides to propose amendments that safeguard your interests. This process is essential to achieving a fair and secure transaction in Chicago’s real estate market.

Home Appraisal

An appraisal coordinated by your lender will determine the property’s fair market value, which is vital for finalizing your loan. This is particularly important in various neighborhoods like Wicker Park, Lincoln Square or Roscoe Village.

Secure Property Insurance

You must obtain comprehensive homeowners or condo insurance to protect against potential damage or loss to your property and belongings. Consult with your realtor for trusted insurance provider recommendations.

Final Walkthrough

Conduct a final walkthrough of the property before the closing to ensure that all repairs and conditions agreed upon are met. This last inspection is crucial for verifying that everything is in order, setting the stage for a smooth transition.

Closing

Conclude your purchase by reviewing and signing the closing disclosure that outlines your loan specifics and other associated costs. Celebrate as you receive the keys —welcome to your dream home in Chicago!