Top Things to Discuss With Your Woodridge Il Real Estate Agent When Buying a Home

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Get a Good Realtor

Everyone knows that the real estate agent gets a percentage of the sale of the house. This can make some buyers hesitant when they consider getting a Woodridge Il Realtor. The thought is that this will drive up the price of the house. However, remember that the buyer doesn’t pay the commission. The seller pays it. This means that you will want to use a real estate agent that will look out for your interests in the transaction. The selling agent will be focused on the interests of the seller. Make sure to hire a real estate agent that you trust. They will be able to guide you through each step of the process, from pricing to home inspections to closing. If you are in the Chicagoland area, consider Woodridge, IL real estate agent Shanon Tully CSC  for this service. She will utilize her expertise in real estate in a way that is considerate of your desires and interests.

Consider Your Needs

Well before looking at potential homes to buy, take some time to think through the type of lifestyle you want to pursue in the next season of your life. Do you want the hustle and bustle of city life? Would the family-oriented suburban life suit you better? Or perhaps that rural escape is more your style? Think through what daily life will afford you in your new location. City life offers more opportunities for social life, education, and cultural experiences. Suburban life tends to provide freedom for children to play outdoors giving them a neighborhood environment. Yet, if privacy, nature walks, and gardening are your passions, consider the rural context.

Remember that buying a house means turning it into a home. Will your family be growing? That city flat might be something you will grow out of in a couple years. Spend some time thinking forward a number of years, and then start targeting potential areas to explore. Woodridge, IL real estate, for example, offers a wonderful context for raising a family. It’s also one of the friendliest places to live in the country. You’ll want to discuss these things with your real estate agent as well.

Understand the Costs

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When thinking through the costs of owning a home, remember there’s more than the monthly mortgage payment. Here are a few to consider:

  • Utilities
  • Property taxes
  • Repairs
  • Homeowners association fees
  • Lawn maintenance
  • Costs of food, transportation in the area
  • School tuition
Make sure to find out how your property taxes will be paid. Are the included with your monthly mortgage payment? Are they a separate yearly payment? Remember that you can often deduct the property taxes and interest paid on your mortgage on your income tax. Your Realtor may be able to refer you to a good accountant for more information on deductions.

Another factor to consider in determining the costs involved with buying a home is that of loan rates. Once you get into the bank you’ll find out that there are costs like:

  • Points
  • Private Mortgage Insurance
  • Closing Costs

It’s also wise to buy less than you can afford. Online calculators will tell you what you can afford based on your income and expenses. If you can shoot for buying a house for less than their predictions, you will do well. Consider putting 20% down. Then have a 10% buffer in your savings. Also, you’ll be on good ground if your mortgage payment is less than 30% of your income.

Looking At Houses

Your Woodridge IL real estate agent will go with you to look at homes. They will be able to safeguard you from common pitfalls. Here’s a few to look for:

  • Roof that needs replacement
  • High flood risk area
  • Plumbing issues
  • Zoning laws that are restrictive
  • Electrical issues
  • Cracks in the foundation
  • Stains on the walls or ceiling

Find out if the seller is required to disclose any repairs they made to the house and any insurance claims that were made. Try to look past the new counter-tops and fixtures and focus on the major issues. In other words, don’t judge a book by its cover! Make special note of local attractions. Will your children be able to play at a local park? How far is it to the store? All of these considerations will need to be made to buy the house that’s right for you.

In conclusion, buying a house is an exciting adventure filled with possibilities, but it will take some careful thought and work. We’ve given you a few things to think through before you buy, but you will need more. All of these factors reinforce our first word of advice: get a good real estate agent before buying a house. Get someone you can trust. In the south Chicago suburbs, get Woodridge, IL real estate agent Shanon Tully.

Contact Woodridge, IL Real Estate Agent Shanon Tully Today!

Shanon Tully, CSC

Cell: 630.698.3288
Office: 630.435.3500
Email: [email protected]