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Step 4: Now that a deal has been made, you engage the resources you need to complete the purchase. Week one of the contract is the most critical of all.
There are MANY things you must deal with in Week One:
•1. Loan Application:
Day ONE, call your lender to activate your application and order an appraisal. The lender we most love to recommend to clients is Guaranteed Rate (Brian Weis is our contact-his office number is 773-290-0591 ; his fax is 773-516-6732).
•2. Attorney Review: You must also immediately engage an attorney. Attorneys to consider include:
•· Deanna Ryan (office:773-687-9064)
•· Attorney # 2 (TO BE ADDED)
•· Attorney # 3 (TO BE ADDED)
•3. Property Inspection: Good inspectors include Steve Hier (773-342-4722) of Miller-Hier or Robb Packer or Steve Kroeckel of Metrospect (847-808-8488).
We will want you to have a complete inspection, but please be aware that, in this market, large credits for repair normally are given only if the listing sheet overstated the property condition.
•4. Earnest money: $1,000.00 is normal as the initial earnest money, and it is typical in Chicago for a total of 2% to 5% to be due at the end of attorney review (the $1,000 counts toward it). And, please, don't lose track of the date-failure to complete the earnest money could void the contract.
And this is just the start of what you'll find at www.Chicagoland2to4Flats.info!!!
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What to watch for with single-family homes::
In general, be aware that it is very easy to make a home sound good on paper-we always recommend drive-by's before setting up any showings!!!
Our agents will be able to help you see how each neighborhood breaks on the price points-cheaper property may typically need more than 50K of work!!!.
And this is just the start of what you'll find at www.Chicagoland2to4Flats.info!!!
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Hi from Chicago, folks!
Just a bit of snow here today - but it's not that way Back East! If that's where you are tonight - be careful, and hunker down!
Here's this week's edition of Chicago Neighborhood News from our Team Member Cathy Mallers. This week, Cathy covers the Chicago Neighborhoods of Norwood Park, Lakeview, The West Loop, and The Gold Coast, as well as the Chicago Suburb of Oak Park IL.
Have a last-minute holiday gathering you would like us to help you publicize, either in the City of Chicago or in any Chicago Suburb? Please let us know, and we'll help you get the word our.
Our Team offers the Highest Ranked Active Rain Blog in the City of Chicago!
NORWOOD PARK
Sometimes you just never know what you're going to find as a hidden gem in your local neighborhood. Take Kouks Vintage Café for example.
They offer not only a cozy home away from home where you can go and sip tea or coffee, but they also offer a wide array of vintage goods for sale. Everything is reasonably priced and it typifies what shopping local is all about. And if you speak Greek, the can accommodate that too.
LAKEVIEW
It's time to get your skates on. A new ice skating rink will welcome skaters to the Friendly Confines of Wrigley Field this winter, thanks to the generosity of the Ricketts family, new owners of the Cubs, the City of Chicago, the Chicago Park District, 44th Ward Alderman Tom Tunney and others.
The rink just opened yesterday and is sure to be a hit with local residents. The Rink at Wrigley will be available to the public beginning December 15, 2009, through February 2010. Hours of operation are Sunday through Thursday until 10 p.m. and Friday and Saturday until 11 p.m. Levy Restaurants will offer refreshments. A Grand Opening celebration is planned for Saturday, December 19, 2009, at 11 a.m.
WEST LOOP
Have you been to the market yet? Recently opened and already becoming a one-stop destination that provides not only cultural and culinary experiences, but also life's essentials and convenience products.
Unlike seasonal outdoor farmer's markets, MetraMarket's Chicago French Market and its vendors will stay open year-round, six days per week - the first and only market of its kind in Chicago.
GOLD COAST
Ah the holidays. A time when you get gifts that are absolutely amazing and you also get those tragic sweaters (think Bridget Jones). Not to fear, this weekend those lovely items will not go unappreciated as 10Pin Bowling Lounge is hosting their Tacky Sweater Party.
The Worst Sweater Gets: A chance to win a trip for two to Jamaica, where sweaters (ugly or otherwise) aren't allowed.
OAK PARK
Oak Park is home to many Frank Lloyd Wright designs spanning an amazing history of this world-renowned architect. For the month of December the Oak Park Architectural League (OPAL) will have their work on display at the Oak Park Public Library.
The exhibit will include photographs of completed work, renderings of works in progress, models, decorative details and artwork by architects who live or work in Oak Park.
Here's a link to Cathy's Chicago Neighborhood News Blog Archive, via BlogChicagoHomes.com.
Have an enjoyable, and SAFE, weekend!
DEAN & DEAN'S TEAM CHICAGO
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As of 04/01/09, there are 14 homes for sale in Serena Hills subdivision in Chicago Heights, ranging in price from $32,000 to $169,900. Visit Chicago Heights real estate site and view all real estate listings in Chicago Heights, Illinois including Chicago Heights foreclosures, short sales and bank owned real estate listings.
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