Jan Morel Has Answers!

Whether you're a first-time home buyer or an experienced real estate investor in the Clarendon Hills area, it's always a good idea to brush up on your real estate know-how before you begin your home search. This will ensure that you are an informed buyer, prepared with the knowledge and equipped with the tools to make a confident home buying decision.

1. Where Should I Start the Process?

• Organize and review your finances. Set a budget and figure out what you will be able to afford for a down payment. Use our handy mortgage calculator to see what a monthly mortgage payment might look like for you.
• Start exploring the many communities in and around Clarendon Hills to see which might be best for you.
• If you're a first-time buyer, you might want to get more information first!

2. What do I Look for in a Home?

• This is up to you! Take some time to decide what's important to you - proximity to amenities, school districts, yard sizes, noise, commute, highway access. This will help you find a neighborhood.
• Review home features you might want and those you'll need, from size to style to overall condition. Having a good idea of what you're looking for will save you time and tours of homes that don't meet your criteria.
• Browse our featured listings, or start searching homes by amenities and features.

3. Why Should I Use a Realtor?

• A good Realtor can guide you through the financial and legal complexities of the real estate process.
• As a local Realtor and Clarendon Hills area expert, I can provide vital insight into its neighborhoods and communities.
• A Realtor can help you find the right price range for your income and finances and can explain the pros and cons of different types of mortgages.
• A Realtor will answer all your questions and guide you through the complicated paperwork.

4. Where and How Can I Get a Loan?

• Mortgage loans are typically available through banks, credit unions, private mortgage companies, and government state lenders.
• I would be happy to recommend a couple wonderful lenders that I know will provide you with solid Preapprovals necessary to be competitive in offering on a home.

5. Once I Find My Home, What Will I Have to Pay Up Front?

• Earnest money: This is the "security deposit" you pay when you submit your offer to prove to the seller that you are serious. After your offer is accepted, at closing it is applied to your down payment or closing costs.
• Down Payment: This is a percentage of the cost of your home and can impact the types of loans available.
• Closing Costs: These are typically low for buyers and represent the fees associated with paperwork and lender charges.

6. What Other Costs Will I Pay?

• Other costs can include utilities, HOA or condo fees, and property taxes - which are typically included in your mortgage payment.
• Ask me about additional fees associated with your particular home, community, or neighborhood.

I Still Have Questions!

That's easy! Contact us today and we can answer any of your home buying questions about homes for sale and real estate in Clarendon Hills and the surrounding communities.

Want more information? Learn more about buying a home in Clarendon Hills!