Information for Home Buyers – Illinois Exclusive Buyer Agents

What is an Exclusive Buyer Agent Agreement?

by Illinois Exclusive Buyer Agents | Jan 22, 2023 | Finding the Right Real Estate Agent

What is an Exclusive Buyer Agent Agreement? It is nearly impossible to buy a home on your own, especially if you are a first-time homebuyer. There are thousands of home listings to sort through, showings to schedule, weighing pros and cons of each home, identifying...

5 Biggest Mistakes Homebuyers Make

by Illinois Exclusive Buyer Agents | Jan 15, 2023 | Home Buying Tips

Not Setting Realistic Goals Not Obtaining Complete Loan Application Viewing Homes Before Interviewing/Hiring Buyer Agent Not Negotiating Price Not Calling Buyer Agent At Crucial Stages Are you thinking of buying a home? If so, it’s important to be aware of the...

Everything You Need to Know About The Home Loan Approval Process

by Illinois Exclusive Buyer Agents | Feb 27, 2021 | Mortgage Information

The greatest hurdle for first-time home buyers is the mortgage approval process. Countless buyers have told me about their anxiety surrounding loan approval. Where to begin? Which bank should they call? How many preapprovals do they need? What documents are needed for...

8 Reasons Buyers Have Trouble Buying a Home

by Illinois Exclusive Buyer Agents | Jan 16, 2021 | Home Buying Tips

8 Reasons Buyers Have Trouble Buying a Home Buying a home (especially if you are a first-time homebuyer) is a daunting process. Misinformed buyers trying to represent themselves not only will fail to buy a home, they might even ruin their chances at buying in the...

Down Payment Assistance in Illinois

by Illinois Exclusive Buyer Agents | Oct 27, 2020 | Getting Started Buying a Home, Mortgage Information

When considering purchasing a home we’ve all heard how important it is to save for the down payment, but what is it? A down payment is money you pay to secure a large purchase like a home. The down payment is your first payment of the purchase, and represents your...

Do I Need to Hire a Real Estate Lawyer in IL?

by Jake H | Oct 25, 2020 | The Home Buying Process

Buying a home involves a lot of moving parts, and a lot of people. Getting to know agents, inspectors, and contractors, it’s no surprise why you’d reconsider familiarizing yourself with yet another professional during this important process, especially when that...

How do Mortgage interest and principal work?

by Jake H | Aug 11, 2020 | Mortgage Information

A mortgage is a long-term bank loan that allows people to buy houses and property. In order to turn profit, banks add interest on top of the principal loan payments. The real cost of a mortgage depends on your downpayment, the principal loan, the interest rate, your...

What is a Buyer’s Agent?

by Jake H | Jul 11, 2020 | Finding the Right Real Estate Agent, Getting Started Buying a Home

What is a buyer’s agent? Buying a home is no easy task. For most prospective owners it means a long and emotional journey, filled with difficult decisions. Buyer’s agents exist to guide you along that journey as smoothly as possible. Most people work closely with a...

How Much of a Mortgage can I afford?

by Illinois Exclusive Buyer Agents | Jul 5, 2020 | Mortgage Information

Use our Mortgage Payment Calculator to calculate what your monthly payment would be: Total AmountDown PaymentInterest RateAmortization Period There are a number of factors to consider when determining the size of the mortgage you can afford. You must consider...

First Time Home Buyer Programs in Chicago

by Jake H | Jun 13, 2020 | Getting Started Buying a Home, Home Buying Tips

As a first-time buyer, saving that 20% downpayment may sound daunting, if not impossible. You are not alone! In fact, the steep downpayment is the single biggest hurdle standing between new buyers and their first homes. For some, it can take a whole lifetime of work...