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Expert Tips for Home Buyers & Sellers

As your Chicago real estate agent Dave Auffarth, I want to be your resource for all things real estate. Whether you are buying, selling, or investing in real estate, I am here to guide you through the process. Subscribe to this blog to learn all of the latest news from our local market and receive expert tips for buying or selling a home.

Monday, March 20, 2017

How Can You Ensure You Hire the Right Real Estate Attorney?

If you’re looking to buy or sell a home, you’ll want an experienced real estate attorney on your side. I’ll go over how to select one today.

Selling your home? Get a home valuation

How can you make sure you’re choosing the right real estate attorney? I’ll go over how to select someone who will ensure your home buying or selling process is a smooth one. First, ask your Realtor for their recommendations. Many times, Realtors will have their own list of qualified lenders who can assist you throughout the entire process. These vendors are typically people with whom your Realtor has worked with in the past, which means he or she can vouch for them. If your Realtor doesn’t have a preferred real estate attorney, ask for recommendations from your friends, family, and colleagues. From there you can call a few different attorneys and assess their different fees and services.

A real estate attorney will attend the closing to make sure your mortgage and title documents are in order.

You also need to clarify who will be working on your sale to ensure that person has the right amount of experience. There are many benefits to hiring an experienced real estate attorney. They take care of all of your documents and attend the closing to make sure your mortgage and title documents are in order, to name a few. If you have any other questions about real estate attorneys or real estate in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you!

Friday, March 3, 2017

Don’t List Your Home Before Making These 3 Improvements

If you plan on selling your home, don’t list it before making these three improvements to it.

Selling your home? Get a home valuation

What are the three most cost-effective improvements to look at before listing your home? It really comes down to the major areas of your home that buyers are going to notice the most. To many buyers, it’s important that their new home is move-in ready and all the main surface areas are taken care of. Spending the extra money to make sure that these areas are in great shape will pay off down the road. The first thing you want to invest in is paint. A new coat of paint will cover up signs of wear and tear and make your property shine. Next, you want to focus on the flooring. Start by replacing any old carpeting or having it cleaned. Buffing and refinishing hardwood floors may also be wise, as those are a favorite among homebuyers.

Investing in these three things will almost guarantee a great return.

Lastly, you’ll want to invest in some new lighting fixtures. If a space is too dark, it can be a huge turnoff for buyers. LED lights have become very popular in the industry, both for their cost effectiveness and their ability to really brighten up a room. By investing in these three things, you will not only give your home a fantastic, fresh feeling, but you can almost always guarantee a great return. If you have any questions or anyone you know is looking to buy, sell, or invest in real estate, please don’t hesitate to give me a call or send me an email. I would be happy to help!

Monday, February 20, 2017

What Are the 4 Steps to Buying Your First Home?

If you’re thinking about buying your first home, here are four steps you should follow to make it a successful purchase.

Selling your home? Get a home valuation

What are the four steps to buying your first home?

First, hire an experienced Realtor. The guy next door or your brother’s girlfriend’s cousin who just got their real estate license might be hungry for your business, but that doesn’t mean they’re your best bet. An experienced agent knows things that brand-new agents don’t. They’ll also have important relationships in place that will help you in every phase of the purchase, including:
  • Finding homes that aren’t even on the market yet and/or ones that might be slightly outside of your criteria but still worth considering.
  • Leveraging industry relationships to get great deals or better terms.
  • Managing appraisals and inspections and working through every step of the process to handle any issues that might pop up along the way.
Second, don’t be afraid to talk to multiple lenders. Your Realtor will most likely have several that they’ve worked with and can refer you to. You might also want to speak to loved ones and get a referral or two from someone they’ve worked with successfully. Keep in mind, each lender may have a different recommendation and/or knowledge of special loans that might work best for you.

Make your purchase a smooth one by following these four steps.

Third, mind your credit. Many people have no idea what their credit score is, but if you’re thinking about buying a home, knowledge is power. Different loans have different minimal credit scores and requirements. A good mortgage lender can advise you on the best option to raise your score. The earlier you learn your score and dive into the details with a qualified lender, the more time you have to address any issues you find. Your lender will spell out the do’s and don’ts on how to protect your credit. If you haven’t yet talked to a lender and you think you’re getting close to being purchase-ready, do not open any lines of credit. Finally, stay at your job. Are you not happy at your current job and thinking about changing jobs? If you’re thinking about buying a home, you might have to delay that plan. Part of your qualification for a mortgage will be based on your job history. Making a big change right before you buy or during the process will be problematic. Lenders always advise buyers to stay the course until the home is closed. If you have any questions about this topic or any other topic regarding real estate, please feel free to reach out to me. I look forward to helping you!