First Time Home Buyer
On our first visit together, you will learn about being a First Time Home Buyer, the home buying process and what to expect from Home Field Realtors as a Chicago Western Suburb First Time Home Buyer and a Naperville First Time Home Buyer…
Typically, a Buyer’s Agent is hired by a First Time Home Buyer to represent their interests and to negotiate the best deal possible. The Home Field Realtors buyer’s agent owes the First Time Buyer client complete confidentiality throughout their entire relationship, even after the sale is completed. Home Field Realtors Real Estate Agents and Real Estate Brokers who work as a Naperville First Time Buyer’s Agent have responsibility to help our client make an informed purchase.
During our visit, we will establish a list of “Must Have” and “Want”. A “Must Have” is something that is absolutely necessary for you to consider making an offer. A “Want” covers things that you’d like to have but aren’t essential.
Searching the Internet for Properties
According to the National Association of Realtors (NAR), over 80% of buyers first saw the house they ultimately purchased online. Through the internet, Naperville First Time Home Buyers can brouse homes through virtual tours and still photos’s on our website. New web sites have also popped up which allows people to get facts on neighborhoods, schools, churches, shopping and entertainment such as Trulia.
Some web sites use public tax records to arrive at their version of a houses value, which, can often times be inaccurate because the tax records themselves are often not correct. Thus, where should a Naperville First Time Home Buyer or a Chicago Western Suburb First Time Home Buyer start their home search? Home Field Realtors website has features which takes MLS feeds and puts the information very accessible for you and providing specific information about the home’s features.
Finding Your New Home
Home Field Realtors has expertise and local market knowledge of the current housing inventory in the Western Suburbs so our First Time Home Buyer clients can be assured that we will find the property they have been looking for. In addition, our Naperville First Time Buyer and Chicago Western Suburb First Time Home Buyer Clients will have the ability to receive daily emails from our property finder and choose properties that appeal to them.
If you’re like most people, you need to be able to look past the unique and personal style of some home sellers to know whether the home meets your basic needs. Once a buyer can see beyond those things, the rest is a matter of time and money as to whether they would indeed alter the property or re-decorate to their specific taste.
Having an experienced Brokerage, such as Home Field Realtors, can help our First Time Home Buyer clients look past these things that some homes will offer. It is in your best interest for us to put you in the best home for you, your family and your pocket book.
Writing the Purchase Offer
Home Field Realtors will prepare a CMA (Comparative Market Analysis) so you know precisely what the property is worth in the current market. This will also help structure the purchase offer. The CMA shows what other buyers have been willing to pay for similar properties in the nearby area, typically within a ¼ mile or ½ mile radius. A CMA always considers “like properties” or an “apples to apples” comparison. As a former Real Estate Brokerage business owner, I have the business acumen and negotiation savvy to strike the best deal possible for you…as we say, Our First Time Home Buyer Clients Have the Home Field Advantage!
Find the Right Attorney
We strongly recommend you use a Real Estate Attorney. Your attorney will review the Real Estate Purchase and Sale Contract and make any modifications. Attorneys cannot make changes to any of the dates or purchase price of the property! Upon request, Home Field Realtors can provide a list of attorneys for you to interview.
Find A Good Home Inspector
Home Field Realtors has a list of home inspectors highly recommended by past clients. Structural inspections take anywhere from 2 to 4 hours, depending on the size and condition of the property. The structural inspector will check out all of the major components, as well as the electric, plumbing and heating systems. We highly encourage our clients to be present for the home inspection because it is a wonderful chance to learn about every detail in the home.
There are two rounds of negotiation when purchasing a property…first, the homes purchase price…second, is any necessary repairs that arise out of the structural inspection. Once again, this is where Home Field Realtors negotiation skills really pay off for our clients. We would advise that those items be repaired prior to closing or a price reduction in lieu of correcting repairs.
The Final Walk Through
During the last week prior to closing of escrow, we can schedule a final walk through with our First Time Home Buyer to make sure it is in the same condition as when they first made the offer to purchase. In addition, we will make sure that any repairs agreed to by the seller have been completed. Any items that need to be addressed will be taken care of by Home Field Realtors so you can enjoy your new home the way you intended!
