How Much Is Your Home Worth?

For Buyers

Buying Your Greater Chicago Home

For Buyers

Buying Your Greater Chicago Home

It is important to understand the process and the current state of the market when you decide to buy a home. It is imperative to work with an expert agent that understands the market, art of negotiation to get the best value of your property and guides you along the way.

At the Sohail Group, Sohail and his team work collectively to assist you from the start of your search, secure the best suitable finance programs, coordinate inspections, represent you on issues with the inspection, if applicable and at Closing.

Buying Your Greater Chicago Home

It is important to understand the process and the current state of the market when you decide to buy a home. It is imperative to work with an expert agent that understands the market, art of negotiation to get the best value of your property and guides you along the way.

At the Sohail Group, Sohail and his team work collectively to assist you from the start of your search, secure the best suitable finance programs, coordinate inspections, represent you on issues with the inspection, if applicable and at Closing.

Buying Process

My Buying Process

Guiding you every step of the way.

1

Meet with a real

estate professional

Discuss the type of home you're looking for, including style, price, and location. Take this time to formalize your partnership by signing the Buyer Representation Agreement.

2

Get pre-approved

You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience.

3

Search for homes

The fun part! Your agent will schedule showings and help you find the perfect.

Advanced search

Not all real estate website are the same. Your real estate professional has tools and systems to ensure you see every available home that meets your criteria.

4

Make an Offer

Your agent will prepare the offer based on the price and terms you choose.

5

Negotiations and contract

It may take a few attempts, but stay persistent – you're on the right track. The contract outlines timelines for securing financing and inspecting the home. Your real estate professional will guide you on your rights and responsibilities.

6

In Escrow

You and the Seller have agreed to the price and terms. The home is effectively held for you until closing.

7

Final details

Perform due diligence, order the appraisal, conduct an inspection, and review terms with your lender.
Preparing for closing

involves finalizing your loan, reviewing documents, and discussing inspection findings. Your agent will handle the entire process.

8

Closing

This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.

Congratulations!

You are a new home owner!

What You Should Know

We Guide Your Buying Experience

Buyer’s agents offer invaluable guidance through the home-buying process. We're here to help you through your journey, so you can make the best decision.

I want to see properties this weekend, but I want to understand my options. What should I do?

Contact the agent you have been working with or begin interviewing agents. They can still show you properties. How you work with your agent and establish your relationship is evolving. Currently, any offer of compensation to your buyer's broker can be found in the Multiple Listing Service. Starting August 17, that will no longer be the case.

What changes on August 17?

Beginning August 17, all agents will need to use a buyer representation agreement to show you properties. This practice is already in place in many markets and will now apply across the country.

What is a buyer representation agreement (as defined in your state)?

The buyer representation agreement defines the scope of work your agent is going to provide including the contract duration, services and compensation. This means you will know the services and costs upfront with the agent you’ve chosen to represent you.

Will I have to pay my agent out of pocket?

Not necessarily. There will be a variety of options available to you. For example, many buyers will ask the seller to credit them at close of escrow to pay their buyer broker fees while others will ask the sellers to pay their buyer broker fees directly.