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Buyer's Guide

Homebuyer's Guide

Buying a home should be one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first-time homebuyer’s guide created by our team will reduce the stress of buying a home and help you enjoy the journey.

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Step 1: Compile Your Wish List

Decide which communities, home features, and property types you and your family prefer. Have candid conversations about which of these characteristics are required, and which are “nice to have” in your next home.

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Step 2: Decide on Your Budget

Examine your current expenses and determine how they might change if you purchase a home. Create a comprehensive household budget so you can factor in any new ongoing expenses that might come with a home purchase, such as garbage and recycling, water, or homeowner’s association fees. Once you decide how these expenses will change, you’ll be better equipped to leverage the information you get in step three.

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Step 3: Get Prequalified

Prequalification is a great start for understanding your purchasing power, but it’s not the only factor. A lender may pre-approve you for more than you’re comfortable spending, which is why the budget you compiled in step two is so important. The opposite can also happen, where you believe you can afford a certain payment every month, but the bank doesn’t agree. This often happens when you’re new to your job, have insufficient credit, or have bankruptcies or other financial issues in your history.

You’re not required to stick with this lender when you ultimately finance your purchase, but this process is a great way to vet mortgage providers. Also, a prequalification letter can make you a more competitive candidate in multiple-offer situations.

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Step 4: Choose Your Real Estate Experts

Now it’s time to find your dedicated real estate representative! Regulations enacted in 2024 require real estate agents to obtain a signed buyer’s agreement before showing consumers homes. Of course, we do a great deal more than opening up listings; we can help you understand your local market, identify areas and properties that fit your specific criteria, help you create competitive offers that match your financial and logistical needs, and much more.

Dedicated Service, Real Results

Finding the perfect home and navigating the purchase process can be daunting. Leverage our knowledge and expertise and enjoy your personalized real estate journey.

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Step 5: Find the Right Home

Your agent will arrange showings of properties that meet your specific criteria and price range, taking note of your likes and dislikes to further refine their search parameters. They’ll help you explore the details — from storage to light switches to the flow of a home — and understand the pros and cons of the options in front of you. They’ll also help you make time to explore the neighborhood and examine elements like local traffic at different times of the day, parking options, and proximity to neighborhood amenities like schools and grocery stores.

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Step 6: Finalize Your Financing

Once you’ve narrowed down your home search, it’s time to go back to the mortgage provider who prequalified you in step three and obtain preapproval. With a property and purchase price in mind, your lender can get much more specific about your interest rate, monthly payments, the term of the loan, and special programs such as first-time homebuyer grants and loans through the VA and FHA. While you will primarily work with your bank to select the right options for you, we’re here to offer support and recommend mortgage providers we’ve worked with in the past if you get stuck.

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Step 7: Make an Offer

Once you have selected the perfect home and have your finances in order, your agent will help you craft a fair offer price based on the value of comparable homes on the market. You’ll also work through details such as timing, contingencies, and fees. After your agent submits the offer on your behalf, they will help you negotiate counteroffers and reach an agreement with the seller. At this point, the house will go into escrow.

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Step 8: Have the Home Inspected

In most cases, your offer will be contingent on the home passing inspection. This protects you from purchasing a property that has serious structural issues or requires major repairs. We have a list of trusted local providers, but you can hire any licensed home inspector you like. If the inspection uncovers major issues, you can withdraw from the sale or renegotiate your offer based on what needs to be fixed.

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Step 9: Obtain a Home Appraisal

The appraisal ensures that you are paying a fair price for the house. Your mortgage provider will hire an appraiser to inspect the property and offer an independent opinion of its value. Sometimes, appraisals may come in too low, which can impact the amount of money the bank is willing to lend. In this case, your agent can help you determine next steps and navigate the appeal process.

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Step 10: Complete the Paperwork

No one looks forward to all the paperwork stacked up on the closing table, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company. And, when you’re finished, you’ll be the legal owner of your new home.

Congratulations!

Once you’ve found and purchased your new home, you’re free to step confidently into the next chapter of your life. Whether you’re relocating to a new city, upgrading to a larger space, or finding the perfect place to settle down, knowing that every detail of your home purchase has been handled with care brings peace of mind as you begin your new journey.

See Why Our Clients Love Us

Testimonials

Read what our clients have to say about working with us.

"Kiki did an outstanding job helping me find apartments in Chicago! She always kept my priorities above everything else and went above and beyond to help simplify my search. I highly recommend anyone looking to buy real estate to get in touch with her."
"Kiki did an outstanding job helping me find apartments in Chicago! She always kept my priorities above everything else and went above and beyond to help simplify my search. I highly recommend anyone looking to buy real estate to get in touch with her."
Uday J.
"Kiki was very helpful and responsive with my search as I was looking to close down an apartment within 2 weeks! She is available even on the weekends and will understand your need and give you really good options with her own input as well as she is in this field. I highly recommend this real estate agent. She is professional, very easy to work with and always available via text or call to answer any questions."
"Kiki was very helpful and responsive with my search as I was looking to close down an apartment within 2 weeks! She is available even on the weekends and will understand your need and give you really good options with her own input as well as she is in this field. I highly recommend this real estate agent. She is professional, very easy to work with and always available via text or call to answer any questions."
Priyank T.
"Kiki reached out to me as I was searching for my first postgrad apartment and moving to Chicago. She helped make the whole process less intimidaitng. Kiki is extremely resposnive and really made me feel cared for! We worked with each other for about a month! Once we found my current apartment, we toured and signed the lease within a week! I would reccomend Kiki for anybody new to Chicago and needing help finding the best fitting living situationf for them!"
"Kiki reached out to me as I was searching for my first postgrad apartment and moving to Chicago. She helped make the whole process less intimidaitng. Kiki is extremely resposnive and really made me feel cared for! We worked with each other for about a month! Once we found my current apartment, we toured and signed the lease within a week! I would reccomend Kiki for anybody new to Chicago and needing help finding the best fitting living situationf for them!"
Karen C.
"I recently had the pleasure of working with Kiki Parmar while searching for an apartment in Chicago, and I cannot recommend their services highly enough. From the outset, Kiki Parmar has an impressive ability to match my needs and preferences with the right properties. She was incredibly attentive and responsive throughout the entire process. She took the time to understand exactly what I was looking for in terms of location, amenities, and budget. What set her apart was their dedication and commitment. Went above and beyond to ensure I saw a variety of options and was always available to answer any questions I had, no matter how small. Their negotiation skills were exceptional, and I felt fully supported during the decision-making process. Thanks to Kiki Parmar, I found the perfect apartment that met all my criteria. I am incredibly grateful for the hard work and effort she put into helping me find my new rental home. If you are looking for a real estate agent in Chicago, I highly recommend Kiki Parmar. They will not only meet but exceed your expectations."
"I recently had the pleasure of working with Kiki Parmar while searching for an apartment in Chicago, and I cannot recommend their services highly enough. From the outset, Kiki Parmar has an impressive ability to match my needs and preferences with the right properties. She was incredibly attentive and responsive throughout the entire process. She took the time to understand exactly what I was looking for in terms of location, amenities, and budget. What set her apart was their dedication and commitment. Went above and beyond to ensure I saw a variety of options and was always available to answer any questions I had, no matter how small. Their negotiation skills were exceptional, and I felt fully supported during the decision-making process. Thanks to Kiki Parmar, I found the perfect apartment that met all my criteria. I am incredibly grateful for the hard work and effort she put into helping me find my new rental home. If you are looking for a real estate agent in Chicago, I highly recommend Kiki Parmar. They will not only meet but exceed your expectations."
Amit L.
"Kiki did an excellent job finding us the perfect city home for us. She is a true professional with loads of patience, attention to detail and outstanding communication skills. She is a great negotiator and she was very diligent and responsive towards our needs and making sure we were getting the best deal. She was always available via phone and text and would respond to our queries right away. I would highly recommend KiKi to anyone that’s looking for a personable, professional, diligent, knowledgeable realtor who will keep her clients best interests in mind in all negotiations and communications."
"Kiki did an excellent job finding us the perfect city home for us. She is a true professional with loads of patience, attention to detail and outstanding communication skills. She is a great negotiator and she was very diligent and responsive towards our needs and making sure we were getting the best deal. She was always available via phone and text and would respond to our queries right away. I would highly recommend KiKi to anyone that’s looking for a personable, professional, diligent, knowledgeable realtor who will keep her clients best interests in mind in all negotiations and communications."
Haya A.
"I recently worked with an outstanding realtor whose professionalism, market acumen, and dedication truly set her apart. Her responsiveness and ability to meet every deadline with ease made the process incredibly smooth. Not only was she proactive in identifying and addressing potential issues well in advance, but her skill in conducting thorough pricing analyses ensured a strategy that perfectly aligned with the market, significantly contributing to the success of my real estate transactions. Her exceptional service, combined with a genuine commitment to her clients' interests, makes her highly recommendable for anyone looking to navigate the complexities of the real estate world with confidence and ease."
"I recently worked with an outstanding realtor whose professionalism, market acumen, and dedication truly set her apart. Her responsiveness and ability to meet every deadline with ease made the process incredibly smooth. Not only was she proactive in identifying and addressing potential issues well in advance, but her skill in conducting thorough pricing analyses ensured a strategy that perfectly aligned with the market, significantly contributing to the success of my real estate transactions. Her exceptional service, combined with a genuine commitment to her clients' interests, makes her highly recommendable for anyone looking to navigate the complexities of the real estate world with confidence and ease."
Shubham G.
"Working with Kiki was great. As a first time buyer she ensure everything in the process went smoothly and I was getting the best deal. I would recommend Kiki to any buyer in search of their new home!"
"Working with Kiki was great. As a first time buyer she ensure everything in the process went smoothly and I was getting the best deal. I would recommend Kiki to any buyer in search of their new home!"
Pravir K.
"Anju made the extremely stressful process of selling our home and moving across the country effortless! She handled everything from start to finish and made our move substantially easier and stress free. Her marketing skills were incredible which in turn helped us sell our house within 12 days! I highly recommend using Anju when buying or selling a home in the Chicagoland area!"
"Anju made the extremely stressful process of selling our home and moving across the country effortless! She handled everything from start to finish and made our move substantially easier and stress free. Her marketing skills were incredible which in turn helped us sell our house within 12 days! I highly recommend using Anju when buying or selling a home in the Chicagoland area!"
Dakotah Hogaboom
"We loved working with Anju! She helped us find our for dream apartment, and we couldn't be more pleased with the experience. From the start, Anju was incredibly prompt with her communication, always keeping us informed and answering any questions we had. She took the time to understand our preferences and was diligent in finding the perfect fit for us. Her attention to detail and proactive approach made the entire process smooth and stress-free. Anju was not only professional but also a joy to work with, and we truly felt like she had our best interests at heart. We highly recommend Anju to anyone in search of a new home!"
"We loved working with Anju! She helped us find our for dream apartment, and we couldn't be more pleased with the experience. From the start, Anju was incredibly prompt with her communication, always keeping us informed and answering any questions we had. She took the time to understand our preferences and was diligent in finding the perfect fit for us. Her attention to detail and proactive approach made the entire process smooth and stress-free. Anju was not only professional but also a joy to work with, and we truly felt like she had our best interests at heart. We highly recommend Anju to anyone in search of a new home!"
Sarah Eichinger
"Anju made selling our home effortless! Her expert marketing brought in multiple offers, and we sold for top dollar faster than expected. She was always available, kept us informed, and handled everything seamlessly. She was a pleasure to work with! If you're selling, Anju is the Realtor you need!"
"Anju made selling our home effortless! Her expert marketing brought in multiple offers, and we sold for top dollar faster than expected. She was always available, kept us informed, and handled everything seamlessly. She was a pleasure to work with! If you're selling, Anju is the Realtor you need!"
Pooja Sharma
"Anju has been an amazing realtor! She has made the home buying process such a breeze and I’m truly grateful for all her help! I highly recommend Anju to anyone looking to buy or sell a home. Her professionalism, expertise, and genuine care for her clients set her apart, and I couldn’t have asked for a better real estate experience! "
"Anju has been an amazing realtor! She has made the home buying process such a breeze and I’m truly grateful for all her help! I highly recommend Anju to anyone looking to buy or sell a home. Her professionalism, expertise, and genuine care for her clients set her apart, and I couldn’t have asked for a better real estate experience! "
Simran
"Anju was so helpful while I was looking for an apartment for my fiance. He wanted move to Illinois, and then we planned to move to the city after our wedding. She was so knowledgeable about both areas, so we weren't worried about who to choose for our realtor after we found the first place!"
"Anju was so helpful while I was looking for an apartment for my fiance. He wanted move to Illinois, and then we planned to move to the city after our wedding. She was so knowledgeable about both areas, so we weren't worried about who to choose for our realtor after we found the first place!"
Sajini Samuel
"Anju is amazing to work with and really cares about her clients! She has a warm personality and is always so patient and supportive in the housing search. She truly goes above and beyond in her work. She is an excellent communicator and advocate. Whether you are looking for your first apartment in the city, or trying to purchase your dream home, Anju will be there to make it happen!"
"Anju is amazing to work with and really cares about her clients! She has a warm personality and is always so patient and supportive in the housing search. She truly goes above and beyond in her work. She is an excellent communicator and advocate. Whether you are looking for your first apartment in the city, or trying to purchase your dream home, Anju will be there to make it happen!"
Emma
"Working with Anju was an absolute dream! From day one, she treated us like family, taking the time to truly understand what we were looking for in a home. Her dedication and effort were beyond anything we expected. She invested so much time in guiding us through every step, making the whole process smooth and stress-free. Thanks to Anju, we found our dream home, and we couldn't be happier. If you're starting your search, we wholeheartedly recommend Anju – you won't find a more caring and committed realtor!"
"Working with Anju was an absolute dream! From day one, she treated us like family, taking the time to truly understand what we were looking for in a home. Her dedication and effort were beyond anything we expected. She invested so much time in guiding us through every step, making the whole process smooth and stress-free. Thanks to Anju, we found our dream home, and we couldn't be happier. If you're starting your search, we wholeheartedly recommend Anju – you won't find a more caring and committed realtor!"
Syeda Sadaf
"Working with Anju was truly an amazing decision my wife and I made during our apartment search. From our very first conversation, it was clear that she is not only experienced and knowledgeable but also deeply committed to helping her clients find a place they can genuinely call home. Anju took the time to listen carefully to our needs and preferences, and she tailored every recommendation accordingly. Whether it was coordinating viewings, navigating lease terms, or answering our many questions with patience and clarity, she was always one step ahead, ensuring that the entire process went smoothly. Her professionalism combined with a warm, approachable personality is a strong straight and she has an eye for detail and gave honest insights about each property we viewed, which helped us make informed decisions without any pressure. She even followed up after we moved in to make sure everything was going well—which shows just how much she genuinely cares. I can’t recommend her highly enough"
"Working with Anju was truly an amazing decision my wife and I made during our apartment search. From our very first conversation, it was clear that she is not only experienced and knowledgeable but also deeply committed to helping her clients find a place they can genuinely call home. Anju took the time to listen carefully to our needs and preferences, and she tailored every recommendation accordingly. Whether it was coordinating viewings, navigating lease terms, or answering our many questions with patience and clarity, she was always one step ahead, ensuring that the entire process went smoothly. Her professionalism combined with a warm, approachable personality is a strong straight and she has an eye for detail and gave honest insights about each property we viewed, which helped us make informed decisions without any pressure. She even followed up after we moved in to make sure everything was going well—which shows just how much she genuinely cares. I can’t recommend her highly enough"
Rahul Ray
"5/5 Stars"
"5/5 Stars"
Nita

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