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Lifestyle questionnaire
When looking for a home you have to determine what you want versus what you
need!
Features you should consider buying a house:
Kitchen/dining room
How much cooking is done at home? Should dining area be formal or casual?
Living/family room
How you are going to use it? What kind of furniture do you want to accommodate
in your family room
Master bedroom
How private should your bedroom be? How specious closets you need?
Master
bath
Do you want separate sinks for him and her? Do you look for some special
features as jacuzzi?
Other bedrooms/bathrooms
How many extra bedrooms and who are they for?
Storage
Will you belongings fit in the closets and storages?
Plumbing
Sewer or septic system? Well or city water? |
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The home buying experience
Steps in buying a home:
1. choose a lender
2. learn the terms used in buying a home, condominium or co-op
3. get pre-qualified or pre-approved for a loan
4. decide on type home you want:
· single family home
· condominium
· co-operative
· multi-family
5. Decide on what kind of futures you want in your home
6. Choose a real estate agent
7. Start house hunting
8. When you find a home make an offer in writing
9. When your offer in accepted, find an inspector
10. Find an attorney if you need one
11. Prepare for closing
12. Move in! |
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Working with real estate pros
A real estate agent can save you time and money
by:
- Pre-selecting homes that are in your price, size and location range
- Scheduling appointments for you to see the home
- Finding out current selling prices for houses comparable to the house
you are interested to buy.
- Getting up-to-date information about the area that you are considering
(taxes, schools etc.)
- Arranging for a house inspection
What to look for in the realtor:
- Experience and patience
- Full access to the area's Multiple Listing Service
- Ability to understand your needs, personal tastes.
- Honesty and trustworthiness
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Mortgage terms you should know
Adjustable
Rate Mortgage ARM-
is a loan with an interest rate that can go up or down.
Annual CAP-
is the limit on how high the interest rate of an ARM can rise during
a year.
Annual Percentage Rate APR-
is the true cost of loan, expressed as an interest rate including finance
charges and fees
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Appraised value-
is an estimate of a property’s worth, usually based on recent sales of similar
properties near.
Balloon mortgages-
are fixed loans for a specific period, with the balance due at the end
of the period.
Fixed-rate Mortgage-
have a stable interest rate and monthly payments. The loan is completely
paid off at the end of the term.
Loan-to-Value LTV-
is the relationship of the mortgage loan to the value of the home, expressed
in percents. |
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Address:
Plus
Real Estate Services, Inc.
5134 N. Harlem Avenue
Harwood Heights, Il 60706
Telephone:
312-927-0406
Fax:
708-867-6150
Email:
General Info
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CONTACT FORM :
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