Purchasing a Home Around the Holiday

Purchasing a Home Around the Holiday

If you are ready to purchase a home this time of year, it can feel especially festive. The holidays are a busy time, but the thought of beginning a new year in a new home drives many buyers to search for the perfect house this time of year. If you are in the market to purchase your next, or first, house, during the holiday season, be sure to remember these considerations.

 

Don’t Blow Your Budget

With all the holiday shopping and impulse buying, it is easy to forget your house budget while you are touring with your realtor. Make a commitment to stick within your budget so that you aren’t paying for your impulse purchase for years to come.

 

Don’t Fall for the Glitter

Homes can look especially beautiful during the holiday season, and it is easy to perhaps overlook certain details because the house you are touring has a beautiful tree or lovely twinkling lights. Stay focused when you are out and about. Admire the beautiful decorations, but continue with opening cabinets and looking at the water heater closet. These may be less beautiful spaces in the home, but after the lights are gone, you will want a water heater that works.

 

Drive-By During the Day

The days are much shorter and many home tours happen to take place once the sun has already set. Be sure you are taking time to drive by houses you are interested in during various times of day, including the morning and mid-day. You can see what type of light the house gets naturally as well as the general busyness of the area throughout the day.

 

Work with a Professional

When you are purchasing a home, it is wise to protect yourself by working with professionals who can guide you through the process. Choose your realtor wisely and connect with an experienced real estate law firm early on in the purchasing process. At Bell Law, we guide our clients and advise them throughout their home buying journey, including the inspection process and closing. Call us today to learn more about our services and how we can work with you.

What Buyers Are Looking For In a New Home

What Buyers Are Looking For In a New Home

Autumn is a wonderful time to put your home on the market, as it is well before the blustering and frigid weather keeps buyers cozied up inside. Instead, the fall season offers colorful trees that boost curb appeal and buyers ready to purchase before the holidays. 

In order to put your home on the market confidently, you need to know what buyers are looking for and how to adapt your house to meet those expectations. The good news is that you don’t always need to sink twenty thousand dollars into a brand new kitchen in order to entice buyers. Here are a few things typical Chicagoland buyers are looking for when they are in the market for a new home.

Location, Location, Location

Buyers are searching for a home that gives them easy access to their favorite spots, whether that is their gym, their work, or their coffee shop. While you can’t move your home to a hot location, you can market your home’s location by promoting the positive. Are you walking distance to a great school? Are you only a few blocks away from the interstate? Give buyers a reason to think your location is their next favorite neighborhood.

Fresh and Neutral Paint

One of the easiest ways to update your home on a budget is to give walls a fresh coat of neutral paint. Buyers are more likely to consider a home that looks well cared for, and new paint can go a long way in covering a lot of wear and tear throughout the home.

Outside Space

Buyers love easy access to a well-maintained outdoor space. Don’t worry – you don’t have to pretend your home has a giant backyard in order to lure buyers to your home. However, you can update the outdoor space you have to create excitement. Powerwash your deck and sidewalk, add a few pots of autumn mums, or add modern lighting.

Natural Light

Maximize the amount of natural light coming into all of your windows and doors by cleaning the glass before your open house or realtor visits. Clear cobwebs from the outside corners as well and let that natural light in. Your home can appear larger with the right amount of natural light.

Before you make the call to put your home on the market, be sure to call the team at Bell Law first. We are experienced working with buyers and sellers throughout Chicagoland and are ready to make the legal process of selling a home easier for you. We’ll advocate for your best interests while making sure your closing process goes smoothly.

Let’s work together soon to sell your home successfully.

Things to Know Before You Purchase a Vacation Home

Things to Know Before You Purchase a Vacation Home

The summer season tends to get all of us in a vacation state of mind. For some people, this could be the year you start to seriously consider purchasing a second home to use for your vacation or weekend getaway home. No matter if you are eyeing a small home on a lake in Wisconsin or a property right here in the heart of Chicago, it is important you walk into the process fully informed and educated. Here are a few things to consider as you begin the hunt for your vacation property.

Determine the Reason

People purchase a second home for a variety of reasons, but it is important for you to know what you will be using your property for. Do you think you will be there every weekend, or are you mainly looking to use the property for an AirBnB or other short-term rentals? If you choose to earn money from others using your home throughout the year, be sure you are ready to take on the extra work of making ready and cleaning up the space in between users (or have a plan to hire someone to help).

Be Realistic

Second homes mean second mortgages. Be sure you are realistic about what you can afford each month to sustain your new property. In addition to mortgage and property taxes, you will have to take into consideration any additional work the property needs as well as furnishing the new home as well.

Know the Neighborhood

Be sure you take time to get to know the neighborhood or town you are seeking to purchase a home in. For example, if you are looking for a home on a quiet lake to fish or relax, make sure the options you are looking at are not too crowded or loud. For someone looking to purchase a home in the heart of a city, stroll your potential new neighborhood to gauge safety as well as access to parks, coffee shops, and public transportation.

Get Representation

Finally, as with any property purchase, work with an experienced real estate attorney. The team at Bell Law has decades of experience helping buyers and sellers get the most for their money. We can help decrease your stress by offering help throughout the purchase process, assuring your closing goes smoothly.

No matter if you are buying your first home or considering a second property, our team is here to advocate for your best interests. Call us today to get started.

Common First Time Home Buyer Mistakes

Common First Time Home Buyer Mistakes

Are you ready to purchase your first home? It is an exciting time, certainly, no matter if you are buying a home alone or with a partner, and no matter if you are buying a small or large property. Home ownership is a milestone in your life, though the process can feel overwhelming at times. Fortunately, you can make your first home purchase a bit easier by avoiding common pitfalls many first time buyers make.

 

Feeling Rushed Into Making an Offer

Purchasing a home is a big decision, and many first time buyers find themselves swept up in the excitement. A common mistake many first time buyers make is rushing into making an offer on one of the first homes they see. Your home search should include tours of multiple properties so that you can weigh the pros and cons of certain styles, sizes, and neighborhoods. Resist the temptation to rush into a decision when you first start your search.

 

Looking for the Perfect Home

In contrast, other first time home buyers stall the purchase process by searching for the perfect home. While you should go into the home purchasing process with a list of expectations from your new property, keeping an open mind will assure you don’t trek all around the city and suburbs looking for a perfect home. Know what you feel comfortable compromising on, and make your new home perfect for you.

 

Working Without a Seasoned Attorney

The home buying process may start with making a list of expectations and setting up tours with your realtor, but there are many other steps to complete before you get the keys to your new home. Offers and inspections, closing paperwork and loan documents – it is easy for a first time buyer to become overwhelmed, stressed out, and downright frustrated. You can eliminate this extra stress by choosing to work with experienced real estate attorneys.

At Bell Law, our team has decades of experience walking side-by-side with first time (and second time, and third time) home and business buyers and sellers. We are proud of our dedication to client satisfaction and communication, all while keeping your best interests at the front of our decisions or recommendations. We are happy and honored to be a part of this milestone in your life! Contact us today to get started.

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