Chicago's Northwest Side Real Estate and Community News



Jan. 8, 2019

How To Prepare For Your 2019 Home Purchase



    If you are among the many planning to become new homeowners in 2019, don’t be discouraged by your unpreparedness and get to work instead. Following the keynotes in this guide will help put your plan in place to be a new homeowner this year.

With historic low rates, there has never been a better time to become a homeowner.  If you get your planning right, your experience will be a much more enjoyable one.


ü Check and Fix Your Credit Report and Score

Your general financial situation is key to whether you will be successful in your bid to buy a home in 2019 and your credit report and score truly reflect your general credit responsibility and worthiness.

Many months out before going for your purchase, you will want to pull out your credit report and get it cleaned if there’s the need. With a high credit score, your chances at a low-interest mortgage rate are really high.

If you notice any errors, call the major credit bureaus to have them sorted. Address your debt, and employ any other techniques to keep your payment history and credit utilization in check. Keep in mind that you look more credit-responsible with a longer credit history.

You will also want to avoid any new credit since it can temporarily hamper your score.

All major credit reporting companies across the country can help you get a full copy of your credit report at least once a year. Just request yours today.


ü Set A Budget You Can Afford

With more knowledge on your financial situation and credit, you can move on to set a budget you can afford for a potential home. This price range is important for the smooth running of the whole process.

There are many online calculators like NerdWallet that can help you land on a budget that works perfectly for you. Talking with your bank to consider getting prequalification for a mortgage will tell you how much you can borrow.

All your budget fine-tuning may highlight the fact that you have to spend less this year. However, it will allow you to allocate extra cash for your down payment, closing costs, and other expenditures.


ü Plan For Your Down Payment

When you are clear on how much you can afford, make sure you stick to it and start planning on saving up extra for a down payment. Your savings plan could be weekly or monthly towards 20% or more of your price range which is the ideal down payment to secure.

If your plan is good, the year wouldn’t end without your dream of a home purchase realized.

Getting pre-approval for a mortgage loan will give you an edge over other buyers.


ü Hire an Experienced Agent

At this point or earlier, you need professional support from an experienced real estate agent. Don’t worry about the costs. Agents get their commissions when a house is sold but their resourcefulness from better knowledge of neighborhoods, market conditions, and dedication to defending your best interests is a must have.

Pay enough attention towards picking the best agent for you, with an impressive track record.


ü Research Neighborhoods

Yes, you know what you want in a house, but the neighborhood is equally important. There’s a price range to guide your search, but your agent can always assist with valuable information like the quality of education, crime rates, noise levels, and other features of the area at different times of the day.

Make sure all this is always considered to ensure you land a property you and your family will enjoy owning.


ü Start Looking at Listings While Attending Open Houses.

You may need some time to be actually ready to buy, but you can go ahead and start looking at real estate listings. You will see the types of homes available in the neighborhoods you desire so that you can monitor how long they last on the market. This might help make your mind up on certain house features when going out buy.

Also, attending open houses will give you a better view of the market. You will benefit from the practice, as you may connect with potential realtors for future dealings.

When you are finally ready, you can then go out, survey your options, make offers, and land your dream purchase of 2019 like a pro.

 If you have any questions about the process or getting pre-approved don't hesitate to reach out to a Redefined Residential team member at 773.992.9619 or at


Posted in Buying a Home
Feb. 12, 2018

Thank You To Our Clients....

Thank You to Our Clients! 

   We're honored to be named a Chicago Association of Realtors Top Producer again for 2017, putting us in the top 10% of all Chicago Realtors.  We truly appreciate our friends, clients and business partners for putting their trust in us. We're looking forward to a great 2018 helping more friends and clients find a new place they can call home!


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