Buying or selling a home is a significant moment in life, and it’s no surprise that both buyers and sellers have plenty of questions in their minds. With so much to think about — from prices to offers and inspections — many turn to Google for answers to their most pressing questions.
The good news? You’re not alone. In this guide, we’ll tackle a handful of the most commonly Googled real estate questions and break them down into simple, actionable answers. Whether you’re buying your first home or selling one you’ve loved for years, we’ve got you covered. Let’s dive in!
How Do I Start the Process of Buying a Home?
Buying a home starts with figuring out what you want to achieve and what you can afford — in other words, the process begins with being clear about your goals. Are you dreaming of a cozy living space or something with room to grow? How much outdoor space do you need? Are you looking for a home office, a hobby space, or a guest suite in your new property?
Once you’ve got that vision in mind, the next step is to get pre-approved for a mortgage. Think of this as your golden ticket — it shows sellers you’re well-prepared and gives you a guideline for how much you can comfortably spend.
Once you’ve got that vision in mind, the next step is to get pre-approved for a mortgage. Think of this as your golden ticket — it shows sellers you’re well-prepared and gives you a guideline for how much you can comfortably spend.
How Can I Sell My Home for Top-Dollar Offers?
Selling your home for the highest price is all about solid presentation and an exceptional strategy. Start by sprucing things up — repaint the walls, deep-clean every surface and corner, and maybe even swap out any outdated light fixtures. Don’t underestimate curb appeal, either. A neat lawn and fresh flowers by the door can work wonders in improving your home’s allure.
Plus, let’s not forget marketing! High-quality photos, a standout online listing, and maybe even a video walkthrough will attract the right buyers to your home.
Plus, let’s not forget marketing! High-quality photos, a standout online listing, and maybe even a video walkthrough will attract the right buyers to your home.
How Do I Know If I’m Ready to Buy a House?
Great question! Financially, you’re well-prepared to buy if you have a stable income, a solid credit score, and enough savings for a down payment and closing costs.
Of course, your finances are only a single part of the equation. Ask yourself if you’re prepared for the various responsibilities of homeownership, such as maintenance and upkeep, and the long-term commitment. Are you ready to handle repairs, mow the lawn, or fix a leaky faucet? If the answer is yes, you might be prepared to make the leap.
If you’re still unsure, talking to a trusted financial advisor can help. They’ll give you a clearer picture of what you can afford and whether now is the right time to take the plunge.
Of course, your finances are only a single part of the equation. Ask yourself if you’re prepared for the various responsibilities of homeownership, such as maintenance and upkeep, and the long-term commitment. Are you ready to handle repairs, mow the lawn, or fix a leaky faucet? If the answer is yes, you might be prepared to make the leap.
If you’re still unsure, talking to a trusted financial advisor can help. They’ll give you a clearer picture of what you can afford and whether now is the right time to take the plunge.
What Does It Mean to Be Pre-Approved for a Mortgage?
Getting pre-approved for a mortgage means that a lender has reviewed your financial information and determined how much you can borrow. With your pre-approval in hand, sellers will typically take your offer more seriously, and you’ll know exactly what you can afford.
The pre-approval process involves submitting various documents like pay stubs, tax returns, and bank statements — and the lender will do the rest. Once approved, you’ll receive a letter indicating your borrowing limit. This helps you narrow down your home search for a streamlined transaction.
The pre-approval process involves submitting various documents like pay stubs, tax returns, and bank statements — and the lender will do the rest. Once approved, you’ll receive a letter indicating your borrowing limit. This helps you narrow down your home search for a streamlined transaction.
What Are the Closing Costs When Buying a House?
Closing costs typically range from 2% to 5% of the home’s purchase price. These fees cover factors like loan origination, title insurance, and appraisal costs. Knowing what to expect can save you from financial surprises. Your lender will provide a detailed breakdown of these costs in a document called the Loan Estimate. Be sure to review it carefully and ask questions if anything is unclear.
How Should I Handle Multiple Offers When Selling My Home?
Receiving multiple offers is a great position to be in, and it’s important to move forward strategically. Start by reviewing each offer carefully, considering not just the price point but also contingencies, financing, and closing timelines. We will help you weigh the pros and cons of each offer to find the right fit.
You might also consider asking for “best and final” offers to see if buyers are willing to improve their terms. While it’s tempting to focus solely on the price, remember that the goal isn’t just to pick the highest offer but the one that works best for your situation.
You might also consider asking for “best and final” offers to see if buyers are willing to improve their terms. While it’s tempting to focus solely on the price, remember that the goal isn’t just to pick the highest offer but the one that works best for your situation.
Real Estate: All About the Right Moves
By asking the right questions and working with experienced professionals, you can navigate the entire process with confidence. Whether you’re buying your dream home or selling to start an exciting new chapter, staying informed puts you ahead of the game.
If you’re ready to begin your real estate journey in the Chicago suburbs — from Roselle, Park Ridge, and Mount Prospect to Arlington Heights, Itasca, and Northbrook — consult with our trusted brokers at GetBurbed today.
If you’re ready to begin your real estate journey in the Chicago suburbs — from Roselle, Park Ridge, and Mount Prospect to Arlington Heights, Itasca, and Northbrook — consult with our trusted brokers at GetBurbed today.
