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HOME BUYING GUIDE


TABLE OF CONTENTS

Working with Us

Why Hire a RealtorÂŽ

Finding your perfect home

Step-by-step process

3 things to know

Needs vs wants

Financing your home

Each office is independently owned and operated.


IT STARTS WITH, YOU. Through listening, honesty, and hard work we’ve earned the title of #1 company for Customer Service and #1 Referral Network. Our focus is on your happiness. We want you to have a delightful home buying experience. The kind you tell your friends and family about for years to come. If you are thinking of buying a home within the next 6 months or ready to make a purchase now, rely on us. We will make your dream of homeownership a reality.

WE PUT YOU FIRST 1


YOUR HOME SEARCH IS POWERED BY THE #1 BROKERAGE IN THE U.S.

2


PARTNER WITH THE BEST. GET THE BEST RESULTS.

#1 in REAL ESTATE UNITS SOLD, SALES VOLUME, AND AGENT COUNT

FRANCHISE REVIEW

TOP FRANCHISES FOR

Veterans TRAINING MAGAZINE

TOP 10 HALL OF FAME INDUCTEE

INMAN

NEWSWEEK

#1 MOST

#1 in customer Service

Innovative company

INDEED

ONE OF THE worlds Best employers for Women.

FORBES

FORBES

FORBES

#1 Happiest Places To Work

BEST COMPANY

BEST EMPLOYERS FOR

New Graduates

For diversity

A GLOBAL POWERHOUSE

230+

5

166,000+

MARKET CENTERS

CONTINENTS

AGENTS 3


4

70+ NEIGHBORHOODS

450+ AGENTS

Our agents have a presence in over

With 450+ agents and administrative

70 Chicagoland neighborhoods, in

associates, we prioritize efficiency

residential and in commercial real

and communication. We have eyes on

estate. This connection to our city

homes as soon as they hit the market,

and suburbs is why we are able to

giving you an advantage in your home

find homes everywhere.

search.


Our Mission is to provide you with a happy home buying experience through unparalleled service.

We do this By: Listening Advising Communicating & Hard work

860 HOURS OF SERVICE

1,000+ HOME BUYERS

Giving back to our community is a

In 2020, we helped 1,000 families buy

large part of the KWONEchicago

a home that matched their budget

culture. This year alone our agents

and specific needs. Along the way,

donated more than 860 hours of

we developed relationships of mutual

active service to Chicago-land

respect and appreciation, leaving a

charitable organizations.

lasting positive impact on everyone.

5


WHY HIRE AN AGENT HIRING AN AGENT COST YOU NOTHING. The cost of hiring an agent is zero. That’s because an agent earns a commission from the seller(s), not the buyers. Why should you hire an agent? Because we serve as your real estate advocate from start to finish. We find you homes that fit your budget and criteria. We provide relevant market data, industry knowledge, and the experience to empower your home buying decision. We negotiate on your behalf all the way to the closing table. We smoothly navigate you through the complexities of each step with clear communication. We provide comfort and confidence in what is likely the biggest purchase you will make in your lifetime.

In the wake of COVID-19, we have adapted our processes to promote the safety and well-being of every client, agent, buyer, and vendor.

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TAKE COMFORT IN A SAFE AND SUCCESSFUL HOME BUYING PROCESS.


Custom MLS Search Based on your criteria, we will customize an MLS search. If you have questions about a particular home, we will provide answers. Next, we can setup home tours based on your level of interest.

Ear to the Ground With access to 200+ online resources it’s easy to find homes that match your needs. We also employ social media, and various apps, not to mention our connection to the Private Network. The Private Network is host to homes for sale that are not publicly listed on the MLS.

Neighborhood Calls We stay alert for people who want to sell their home. We even call homeowners to let them know we have a buyer looking in their area. This strategy often gives our clients a head start over other prospective buyers.

FINDING YOUR PERFECT HOME 7


THE HOME BUYING PROCESS

8


EVERY STEP OF THE PROCESS WE ARE HERE FOR YOU

Move out

EVALUATE YOUR NEEDS CLOSING PAPERWORK

DETERMINE TIME FRAME GET PRE-APPROVED / DISCUSS BUDGET

FINAL WALK - THROUGH

REVIEW HOMES CLEAR TO CLOSE

TOUR HOMES TITLE WORK & APPRAISAL

MAKE A SELECTION INSPECTION, MORTGAGE, & ATTORNEY PROCESS

Begin Packing Book Movers

SUBMIT & NEGOTIATE OFFER

If offer is rejected, go back To reviewing homes. 9


3 THINGS EVERY HOME BUYER SHOULD KNOW

PRO TIP #1: Connect with a RealtorÂŽ 6 months before you start your home search. They will provide expert guidance on a home mortgage and market trends.

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#1 - Your needs Having a clear vision of your needs will help ensure your home has your essential musthaves on your checklist. It will also help you formulate a budget.

#2 - Your wants If you do not need it, as in it is not something you must-have, put it in the category of a ‘want’. Creating a needs vs wants list will provide greater results in getting you into a home that fits your budget and needs.

#3 - Your budget Getting pre-approved for a home mortgage is advised. It’s important to know what you qualify for and what you are willing to spend on a home. This will empower you to make the wisest decision when placing an offer.

PRO TIP #2: Need a home loan? We can connect you with the best mortgage broker to match your unique situation (first-time buyers, veterans, FHA, etc).

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Example Needs

Example Wants

THINGS YOU WOULD LIKE TO HAVE & THAT ARE NOT EASY TO CHANGE.

THINGS YOU WOULD LIKE TO HAVE & COULD BE CHANGED OVER TIME

P

Number of rooms

P

Paint and carpet

P

Garage or storage area

P

Deck, pool, hot tub

P

Home office

P

Hardwood floors

P

Yard

P

Specific style of home

P

Neighborhood, schools

P

Remodeled kitchen or baths

P

Age of mechanicals

P

Fireplace or wood stove

P

Updated wiring & plumbing

P

Newer windows

P

Landscaping

YOUR NEEDS VS. YOUR WANTS 12


FINANCING YOUR HOME Pre-Approval

Home Mortgage

In a competitive market, like

Getting a home loan takes on

Chicago-land, mortgage pre-

average 60 days. Though it can

approval can keep that home you

be a shorter amount of time, like

have your eye on from being sold

30 days, for others it can take

out from under you while awaiting

upwards of 3-months, depending

loan approval.

on the market and your particular financial situation.

Down payment

Closing costs

On average, 3% to 20% is required

The range of closing costs varies

for a down payment. However,

per home purchase, depending

a sizable down payment is

on the price, location, and even

considered a stronger offer but is

the lender. However, the average

not necessarily required.

closing costs is 6% of the purchase price.

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KW OneChicago Buyer's Guide  

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