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Buying a Home With Us


Our mission is to provide clients an engaging home buying or selling experience based in personal ethics, trust and customer service. Our goal with each transaction is to add distinctive value.

Team Leader Phil Byers Areas of Expertise Over $50 Million in Sales Serving all of Chicagoland Specializing in all of Chicago’s Northside neighborhoods Condos, 2-4 Flats, Single Family Homes Investment Property and Commercial Space

Experience Top 1% of agents nationally Among Top 50 Agents in Production for all Chicago Realtors Among Top 20 Agents 2005-2009 Keller Williams Mid-American Region Agent Leadership Council 2005-2009 Keller Williams Triple Gold Award 2005-2008 Keller Williams Property owner and investor since 2003

Education + Training Ohio University, BS Public Relations Coldwell Banker Real Estate Licensing GRI I Training Program


Our team Gina Bavone-Byers Realtor Gina Bavone joined the Byers Home Team in 2005 after 10 years of customer service and technical project management. Gina graduated from Northern Illinois University with a Bachelors in Health Care Administration. Her level of service and up-beat personality drives the team’s success. Outside of the office, Gina is a volunteer and fundraiser for the National MS Society with her walk team, Camille’s Champs. Gina has raised over $125,000 for MS. Being a native of Chicago, Gina is a huge Bears fan! She enjoys all of what the city has to offer and likes to try new restaurants.

Michael Kelly Closing Manager + Realtor Michael Kelly joined the Byers Home Team bringing 6 years of combined experience in commercial and residential real estate. Michael handles all of the closings for the Byers Home Team with professionalism and ease. The seamless transition from contract to closing is possible thanks to Michael Michael attended Indiana University and studied microbiology. Outside of the office, Michael is an avid reader and enthusiastic dog owner. He currently resides in the Andersonville neighborhood and thinks Chicago is the greatest city in America.

Lauren Beitelschees Listing + Marketing Manager Lauren Beitelschees recently joined the Byers Home Team and is excited to be a part of a top team. Her past experience as a media buying assistant and transaction coordinator established her eye for details. Lauren has worked with two leading agents in the past and also for a leading brokerage. Lauren graduated cum laude from Olivet Nazarene University (home of Bears training camp) in 2007 with a degree in Mass Communication. A native of Ohio, Lauren made the leap of moving to Chicago last year and currently lives in Uptown.


Buyer Orientation What you can expect from the home-buying process Understanding ‘Agency’

- What does it mean to have an agent? - How does your agent get paid?

What can you expect from Us?

- Complete accessibility - Prompt for appointments - Services based on your needs

What Do We expect from you?

- Accessibility - Loyalty - Good communication (brutal honesty!)

The process Before we start - Get pre-approved Finding a home - View MLS listings online - Schedule and attend property showings - Make an offer (intial earnest money) - Negotiate the contract terms with seller - Agree on terms - Execute contract (seller signs contract) Preparing for the close - Attorney approval period – typically five business days from execution - Inspection period – typically five business days from contract execution - Negotiate inspection items - Place remainder of earnest money in escrow

The closing

- Attended by you, a member of Byers Home Team, your attorney and the seller’s attorney - It is the legal process of transferring ownership from seller to buyer - Typically 45-60 days from date of accepted contract


Call us for whatever you need Our team consists of more than just us. The goal is to be a resource and go-to person for everything you ever need for real estate. For instance, we have a network of professionals that include:

For your purchase Lenders Inspectors Financial Planners Attorneys Home Warranty Companies

For your home Heating + Cooling Specialists

Moving Companies

Plumbers

Stone + Granite

Electricians

Housekeepers

Handymen

Roofers

Painters

Interior Designers

Property Managers

Landscapers

Carpenters

Masonry

Flooring Specialists

Remodeling

For when you sell Staging Specialists Accountants Appraisers Storage Facilities


Buyer’s estimated Monthly expenses A list of expenses you can expect when buying a home Assumptions for Loan Purchase Price

_____________ _____________ _____________

Down Payment

_____________ _____________ _____________

Mortgage Amount

_____________ _____________ _____________

Equals purchase price - down payment

Type of Mortgage

_____________ _____________ _____________

(i.e., 5-year ARM, 3-year ARM, 30-year fixed)

_____________ _____________ _____________ Interest Rate Assumption

_____________ _____________ _____________ Number of Years

Monthly Payment Amount Principle and interest

_____________ _____________ _____________

Real Estate Taxes

_____________ _____________ _____________

Homeowners Insurance

_____________ _____________ _____________

Applies only when buying a single-family home

Property Assessments

_____________ _____________ _____________

To fund building maintenance, insurance, trash removal and other building expenses

Total Monthly payment

_____________ _____________ _____________

Note: The figures shown are preliminary estimates for planning purposes ONLY. Other costs not shown above may be incurred by you. Usual prorations will be made at closing for real estate taxes, etc. as specified in the sales contract.


Buyer’s estimated Closing expenses A list of expenses you can expect when buying a home Down Payment

_____________ _____________ _____________

Rate discount points

_____________ _____________ _____________

Applies if you have a loan that requires points for the rate guarantee

Title fees

_____________ _____________ _____________

Includes title insurance and other fees charged by the title company where you close

Lender fees

_____________ _____________ _____________

Includes appraisal, underwriting fees, applications fees, recording fees and other fees charged by your lender

Homeowner’s insurance

_____________ _____________ _____________

Applies only when purchasing a single-family home

Loan interest

_____________ _____________ _____________

You must pay interest for the remainder of the month in which you close

Taxes in Escrow

_____________ _____________ _____________

Lenders often ask for 3 months of taxes in escrow to open your tax escrow account

Attorney’s Fee

_____________ _____________ _____________

Quality matters – a good attorney will charge $600-$800 for the entire transaction.

Chicago Transfer Stamps

_____________ _____________ _____________

$7.50/$1000 of purchase price

Miscellaneous expenses

_____________ _____________ _____________

Management company fees, etc.

Total Due at closing

_____________ _____________ _____________

Note: The figures shown are preliminary estimates for planning purposes ONLY. Other costs not shown above may be incurred by you. Usual prorations will be made at closing for real estate taxes, etc. as specified in the sales contract.


Our extended team Lenders Wintrust mortgage Vince Kueffner 1333 Kingsbury St, #201 Chicago, IL 60642 Office 312 462 7713 Fax 312 803 1648 vkueffner@ wintrustmortgage.com

Corby Mortgage Erin Griffin, Vice President 3525 W Peterson Ave, Suite 215 Chicago, IL 60659 Office 773 604 4272 Direct 773 353 4205 egriffin@ corbymortgage.com

Attorneys Woods Law Group Jeff Woods, Principle 1447 W Henderson Ave, #1 Chicago, IL 60657 Office 312 388 4373 Fax 312 276 4300 jeff@thewoodslawgroup.com

Thompson & Thompson Erik + Cherie Thompson, Principles 19 S LaSalle St, #302 Chicago, IL 60603 Office 312 372 6563 312 372 1230 cherie@thethompsonfirm.com

Inspectors Inspectrum 3139 N Lincoln Ave, #227 Chicago, IL 60657 Office 773 929 9889 Fax 773 929 9832 www.inspectrum.com

Windy City Home Inspection Jarrod Spadino PO Box 812 Highland Park, IL 60035 Office 847 926 4663 Fax 847 926 4463 office@windycityhome.com www.windycityhome.com

Financial Planners Northwestern Mutual Ed Friedman 1 N Wacker Dr, #4600 Chicago, IL 60606 Office 312 641 8960 ed.friedman@nmfn.com

Raymond James Beth Kraszewski 2936 N. Lincoln Ave, #1N Chicago IL 60657 Office 773 975 4020 beth.kraszewski@ raymondjames.com

Guaranteed rate Marcus Purvus 4621 N Ravenswood St Chicago, IL 60640 Office 773 435 0913 Fax 773 516 6114 marcus.purvis@ guaranteedrate.com


Market statistics Single-family homes Number of Transactions by Neighborhood and Year: 2009

Change Change from 2008 from 2005

2008

2007

2006

2005

North Center

140

-21%

-43%

178

192

216

245

Lincoln Park

118

-21%

-41%

149

183

194

200

Lakeview

99

-7%

-48%

106

129

156

190

Albany Park

88

-3%

-35%

91

91

98

135

Logan Square

135

1%

-49%

134

162

186

267

BucktownWicker Park

114

3%

-33%

111

129

146

170

Edgewater

44

7%

-52%

41

69

61

92

Lincoln Square

81

11%

-21%

73

103

86

102

Uptown

21

17%

-9%

18

31

28

23

Irving Park

139

18%

-44%

118

158

216

248

Totals

979

-4%

-41%

1019

1247

1387

1672

2008

2007

2006

2005

Sale Prices by Neighborhood and Year 2009

Change Change from 2008 from 2005

Logan Square

$395,000

-37%

-21%

$630,000

$677,500

$603,250

$500,000

Irving Park

$292,500

-22%

-24%

$373,750

$431,500

$452,500

$387,050

Albany Park

$268,750

-20%

-27%

$336.000

$480,000

$381,000

$370,000

Lincoln Square

$520,000

-15%

-3%

$615,000

$625,000

$647,000

$537,500

Lakeview

$950,000

-15%

-14%

$1,119,000

$1,150,000

$1,035,000

$1,098,750

North Center

$769,375

-9%

0%

$850,000

$849,500

$810,132

$769,000

BucktownWicker Park

$767,500

-8%

7%

$835,000

$862,500

$850,000

$715,000

Edgewater

$547,500

-6%

-10%

$585,000

$679,000

$598,000

$605,625

Lincoln Park

$1,572,500

3%

25%

$1,526,000

$1,510,000

$1,450,000

$1,260,000

Uptown

$662,500

9%

-12%

$607,500

$840,000

$817,500

$750,000


Market statistics Condos Number of Transactions by Neighborhood and Year: 2009

Change Change from 2008 from 2005

2008

2007

2006

2005

South Loop

730

-40%

-47%

1219

1227

1649

1379

Albany Park

110

-39%

-74%

180

247

382

418

BucktownWicker Park

366

-34%

-52%

554

681

616

767

Lakeview

1208

-32%

-58%

1778

2331

2531

2849

Lincoln Square

272

-30%

-49%

391

574

485

532

Logan Square

337

-28%

-49%

469

653

680

666

Uptown

599

-27%

-55%

820

992

1076

1341

Near North Side

1874

-20%

-56%

2343

3131

3267

4260

Lincoln Park

742

-19%

-61%

915

1447

1351

1907

North Center

266

-14%

-48%

310

495

445

514

Irving Park

194

-7%

-48%

208

385

416

372

Edgewater

562

-3%

-52%

582

902

980

1163

West Loop

647

-1%

-38%

651

1033

1055

1049

7907

-24%

-54%

10420

14098

14933

17217

2008

2007

2006

2005

Totals

Sale Prices by Neighborhood and Year: 2009

Change Change from 2008 from 2005

South Loop

$347,500

-16%

5%

$412,800

$335,000

$345,000

$330,000

Lincoln Square

$256,875

-16%

-5%

$305,000

$280,450

$257,400

$270,242

Irving Park

$190,000

-16%

-13%

$225,000

$225,000

$223,400

$217,550

Logan Square

$272,500

-13%

-7%

$314,900

$305,000

$307,450

$291,950

Near North Side

$363,500

-12%

1%

$414,900

$392,000

$357,900

$360,648

Albany Park

$191,000

-12%

-9%

$217,250

$222,500

$210,500

$209,000

Uptown

$245,000

-9%

-3%

$268,250

$269,000

$274,850

$253,500

Edgewater

$205,000

-8%

3%

$223,785

$235,000

$233,000

$200,000

West Loop

$313,000

-8%

-8%

$340,000

$342,000

$319,000

$340,000

Lakeview

$319,000

-8%

4%

$345,800

$333,400

$316,000

$307,900

Lincoln Park

$394,000

-6%

9%

$420,000

$413,000

$384,000

$359,900

North Center

$366,000

-5%

-1%

$385,000

$380,000

$373,500

$368,500

BucktownWicker Park

$369,250

-5%

-3%

$387,750

$406,000

$393,700

$380,000


Buyers Guide