Home Buyer’s Guide to Chicago
Considering a purchase of a new Chicago home or condo? Whether you are a first time home buyer or a seasoned homeowner, Ryan’s home buyer’s guide will walk you through every step of the process. It doesn’t matter if you are new to Chicago or a lifelong Chicagoan, a good realtor in your corner can make all the difference… HOME BUYING MADE EASY: Chicago Home Buyer’s Guide
With 10+ years of real estate experience in Chicago and hundreds of successful transactions, Ryan Hardy has the skills, resources and knowledge necessary to make your real estate goals a reality.
Ryan makes his clients the priority and looks out for their interests over his own. The numerous repeat customers and the referrals he receives are a testament to his honest, client-first approach to real estate. He is intuitive, attentive, dedicated, and humble: qualities that allow him to successfully prioritize and manage the needs of his clients.
2016, Top Producer Award- Chicago Association of Realtors
2015, Top Producer Award- Chicago Association of Realtors
2014, Top Producer Award- Chicago Association of Realtors
Representing the buyers of the city’s most desirable condominiums and homes, Ryan’s expertise spans all of downtown Chicago including the Gold Coast, River North, Streeterville, Lincoln Park, Lakeview & Bucktown/Wicker Park.
Ryan makes his clients his priority. Forging strong relationships with his clients gives him insight into their aspirations, while his confidence and unwavering work ethic allow them to become a reality.
GOLD COAST REALTY
A boutique, luxury real estate firm. Representing the buyers and sellers of Chicago’s finest properties for over 15 years.
To provide a seamless home buying experience that not only meets, but exceeds your highest expectations.
Step 1: DECIDE
Given that buying a home is such a big step, it’s important for you to educate and prepare yourself as much as possible in advance. This means clearly determining why you’re buying and what kind of home you’re looking for. And because buying and financing a home are so closely related, it also means examining your current financial situation and projecting how much you can afford.
” Increasing rates decrease your buying power.”
“Homeowners pay down their principle balance and increase equity. Rent payments add to your landlords equity.”
“Build wealth. Making mortgage payments is a form of forced savings.”
“Homeowners are able to deduct mortgage interest and property taxes from their income.”
Step 2: PREPARE
Educate yourself about your options. Examine your financial situation. If necessary, get pre- approved for financing
Unless you’re paying cash, it is generally recommended that you get pre-qualified for a loan before you start viewing homes and making offers. The pre-approval process is painless and can be done over the phone with the lender of your choice. Your current financial situation and credit history will determine the amount you qualify for and set the budget for your home search.
Check Your Credit Rating.
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.
Be Careful With Your Finances.
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.
Step 3: SEARCH
Search on your own, or register to get the latest and greatest listings delivered straight to your inbox!
Utilize the map search, sort by neighborhood, condo buildings and more
Intuitive fully customizable search function on any device.
Preset searches by neighborhood, Property Type & Price Point
Request floor plans and more info
Set up Property Alerts, Save Your Favorites properties and
Step 4: OFFER
MAKE AN OFFER: Strike a balance – Motivated, but not too eager. It’s important that you don’t tip your hand to the listing agent. Save your excitement for later.
Now that you’ve found the home, it’s time to make an offer. Every negotiation is unique, but if you can justify your offer price with recent market research, you are in a strong position. Familiarize yourself with recent sales in advance, so you can negotiate from knowledge. Draft your offer to demonstrate that you’re a serious buyer – the kind sellers look for.
OFFERS & NEGOTIATING
▸Act fast & make a solid offer. Now that you’ve found “The One” don’t let it get away.
▸ Understand how much you can afford.
▸ Preparation and having a plan is key. Discuss how you will respond to counter offers prior to receiving one.Be prepared to negotiate. Explain how you determined your offered price using market based facts.
▸ Negotiations are a give and take process. Work to create options for mutual gain. Both sides should budge a little.
▸Don’t dismiss a seller’s objections to your offer. Keep the lines of communication open and try to understand the seller’s point of view and motivations. – Remember your goals.
Step 5: CLOSE
From start to finish, Ryan will guide you though every step of the sales process, ensuring you get the best deal on the home of your dreams.
When you’re ready to take the first step towards buying a new home or condo, Ryan is ready to help. Buying a new home can be stressful, requires making many important financial decisions and the negotiations can be an emotional charged process. It helps to have an expert in your corner.
Download your free Home Buyers Guide