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Buy

The Comprehensive Home
Buying Process

Start by connecting with a loan consultant to determine your borrowing capacity. Pre-approval not only clarifies your budget but also strengthens your negotiation position by showing sellers you’re a serious buyer.

Select a knowledgeable realtor with a strong track record, either through online research or trusted referrals from family and friends. A good realtor can provide valuable insights into neighborhoods and market trends.

Start exploring homes that fit your needs and budget. Use online listings, open houses, and neighborhood visits to narrow down your options. Schedule viewings with your realtor to assess potential homes in person.

Once you find a home you love, work with your realtor to analyze market data and craft a competitive offer. Acting quickly can be crucial in hot markets, so be prepared to move fast.

Be ready for counter-offers from the seller. Your realtor will guide you through negotiations to secure the best possible terms, including price adjustments and contingencies.

After agreeing on terms, you’ll sign a purchase agreement. This legal document outlines the conditions of the sale and initiates the mortgage contingency period, allowing you time to secure financing.

Arrange for a professional inspection to uncover any potential issues with the property. Use the inspection report to negotiate repairs or price adjustments before finalizing the purchase.

Your lender will issue a mortgage commitment letter, confirming your loan approval and detailing the terms. Ensure you keep in touch with your lender to address any last-minute requirements.

Before closing, review all documents with your attorney or realtor to understand your obligations. Arrange for homeowner’s insurance and finalize any remaining financial preparations.

On closing day, you’ll sign the final paperwork to transfer ownership and receive the keys to your new home. Congratulations—you’re now a homeowner! Remember to celebrate this significant milestone and begin your new journey with confidence.

Sell

The Home Selling Process Simplified

Begin by meeting with our team to discuss your home and selling goals. We’ll evaluate any necessary repairs, your mortgage details, and future housing plans. A Comparative Market Analysis (CMA) will be generated to assess your property’s value and market competition.

Determine the optimal time to list your home and ensure it’s ready for showings. Complete any necessary repairs, declutter, and consider professional staging. Enhance social media privacy and compile top reasons you love your home.

Schedule a session for professional photos, essential for marketing. Prepare your home by ensuring cleanliness, removing personal items, and optimizing lighting.

As photos are processed, we initiate pre-marketing efforts, including sending ‘Just Listed’ notifications to local agents and placing signage. Once live, review your listing for accuracy and ensure the home remains show-ready.

Expect showing requests within 48-72 hours of listing. Accommodate buyers’ schedules, and temporarily vacate during showings. Weekly updates will help assess listing appeal and interest.

When offers arrive, evaluate them based on price, closing terms, and any contingencies. Decide whether to accept, counter, or decline offers with our guidance.

Once an offer is accepted, mark the listing as contingent. Prepare for inspections and appraisals, and respond to any repair requests or price adjustments.

Coordinate with your attorney on title work and confirm mover arrangements. Once ‘clear to close’ is received, finalize details for the closing day.

Conduct a final walkthrough to ensure the home’s condition. Your attorney and our team will handle the closing, ensuring all financial details are settled. Congratulations on selling your home!

BUY & SELL

Are you buying or selling a property?

Talk with our experts or write to us.

Steliana Mladenova
70%
Steliana Mladenova

Realtor

312-721-0764
Igor Jokanovic
70%
Igor Jokanovic

President & Realtor

(773) 610-4551
Talk with an Expert
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FAQ

Frequently Asked Questions

The Chicago real estate market is dynamic, with trends varying across neighborhoods. Areté Homes stays updated on market conditions to assist you whether you are buying or selling.

Property taxes in Chicago can vary significantly based on location and property type. Areté Homes advises consulting with our local experts for precise estimates.

Consider factors such as schools, commute times, amenities, and lifestyle preferences. Areté Homes' knowledgeable agents can help match you with the right neighborhood.

The process includes getting pre-approved for a mortgage, house hunting, making an offer, and closing. Areté Homes can guide you through each step with expert advice.

A comparative market analysis conducted by Areté Homes' real estate agents can help determine a competitive and fair selling price for your property.

At Areté Homes, look for experience, local market knowledge, strong communication skills, and a proven track record in transactions similar to yours.

Lease terms can vary but typically range from one to two years. Areté Homes ensures you fully understand the lease agreement before signing.

Utilize Areté Homes' resources, including online listings and our team of real estate agents, to find available properties that meet your needs.

Agents at Areté Homes typically earn a commission based on a percentage of the property's sale price, paid by the seller upon closing.

Areté Homes' agents provide insights on market trends, assist with negotiations, and navigate complex commercial transactions, ensuring a smoother process for our clients.