When you are in the process of buying a Chicagoland home, there is so much to keep track of. Because of this, there are common oversights that buyers make, such as questions to forget to ask about a home they are looking to buy, or tasks they should complete before putting in an offer.
As Exclusive Buyer’s Agents, Harty Realty Group can help you remember to ask these important questions, and can help you get the answers you deserve! This will save you money, drama and possible heartbreak down the road.
Here are some common oversights that Realtor.com recently shared for buyers to keep in mind:
- Consider the home’s resale value. When you buy a Chicagoland home, you probably aren’t thinking about when it comes time sell that home. However, most buyers don’t stay in their homes for 30 years anymore like past generations, so it’s important to consider how easily this home might sell in a few years. Will it appeal to the majority of buyers?
- Factor in expenses after you buy. During the home-buying process, you focus on down payment, mortgage payments and closing costs. It’s also important to consider what the costs will be after you buy, such as landscaping costs, pool maintenance costs, oil or propane, etc. You can ask the seller for a property expense list to get a better idea of what you’ll actually be paying each month.
- Find out about restrictions. It’s wise to find out about any restrictions your property might come with before moving in. That means checking with the city and reviewing the preliminary title report and seller disclosures for the home. As Exclusive Buyer’s Agents, we can help you with this. All restorations fall on you after the closing of the home, so this is important to know in advance!
- Check that past work was up to code. The seller is responsible for disclosing any renovations, non-permitted work and items not up to code. However, not all sellers are 100 percent honest. It’s up to you to check past merits and make sure work was signed off by the local municipality. If you notice any major home renovations without a permit on record, this is a red flag.
- Do homework on neighborhood and HOA. The home is just one aspect of what makes a property good to buy. Consider the local school rankings, traffic patterns, construction projects and crime rates. Walk around the neighborhood at different times and on different days to get a feel for it. Research the HOA or ask neighbors what their experience with it is.
As Exclusive Buyer’s Agents, Harty Realty Group has all of the resources necessary to help you find the answers to these questions! When you work with us, we’ll take the stress out of the home-buying process and will make sure you feel confident with your home purchase.