Chicago Home Buyer's Guide

Chicago is one of the most iconic cities in the world, with some of the most awe-inspiring architecture. As a buyer, it may seem overwhelming for you to enter this exciting and lucrative property market. If you are reading this, then you have already made the toughest decision in this process and that's simply deciding to purchase a property! We are sure you have big dreams about having sweeping views of the lake and plenty of high-end building amenities to use after a hard day at the office; however, before you get too creative, take the time to review the Magellan Realty LLC Buyer's Guide to be sure you are ready to move to the next level in this very exciting home buying process!

What kind of home do you want? Do you have a specific neighborhood that you prefer? Have you thought about how much you can afford? Are you a first-time buyer? These are just some of the questions to think about before you spend countless hours scanning home and condo listings that really do not apply to what you are looking for. By utilizing the tools of our website and registering your specific requirements with our skilled team of experts, we'll only send you listings that fit your needs. This way you can spend the rest of your day reflecting in a yoga class or sipping your favorite drink in a trendy coffee shop!

Helpful Tools To Get You Started On Your Property Journey

Our website was designed with you in mind. We have narrowed down the options in our buyer's tab so you don't have to visit a bunch of webpages that don't actually provide you with any value. We have chosen a page dedicated to finding you a home, a mortgage calculator that is simple to use and gives you a rough idea of what you can afford, a guide for first-time buyers, and some tips for those of you wanting to purchase a Chicago property while living outside of the country. Let's take a closer look at what each of these webpages will provide you:

Chicago Home Finder

Unlike many of the Home Finder pages out there, our Home Finder page was designed to be easy to use, with just the right amount of categories to give our team a good idea of what you are looking for. Once you fill in the Home Finder information, you'll be contacted by one of our knowledgeable real estate agents who will get to know your story and work with you to find that perfect property to fit your requirements.

If you are familiar with the Chicago area, then letting us know a specific neighborhood you are interested in will help us quickly narrow down listings for you. If you are not sure about where you want to live, we have created a Chicago Neighborhoods page that will help to give you some idea of what the communities are like. Of course, at any time we are more than happy to brainstorm locations with you, so you have a good idea of neighborhoods that might be the perfect fit for you!

How Much Can You Afford?

This is one of the most important sections. For a quick idea of what you can afford, you should spend time playing with the numbers in this section of our buyers tools. We tell our clients to speak to a mortgage expert before going out and viewing properties. There's also a big difference between what the bank will lend you and what you feel comfortable paying each month. A mortgage broker will explain the finances to you so you understand what you are spending and are fully comfortable with the monthly commitment. If you don't know a mortgage broker, then be sure to let us know and we can recommend one for you to work with.

Tips For First-Time Buyers

If this is your first property purchase, then it may all seem very overwhelming. We love working with first-time buyers as they are very eager to get the right home for them and they are so excited to learn about how everything works. This section of the buyer's tools has a number of questions to think about as well as a few tips to think about when making your way through the home buying process. Do you really know what you want in a home or condo? Do you have a lawyer lined up? Can we help recommend a home inspector? These are just some of the things to think about when you are buying a property.

Out-of-Country Property Purchases

Over the years we have had the pleasure of selling many properties to clients that live in another country. We love working with international home buyers and have skilled representatives at Megellan Realty LLC that are trained in international real estate dealings and international relocation assistance. Our website offers you some interesting tips for those relocating from many different regions around the world. It's important for you as an international buyer to have a real estate agent that knows all the rules and regulations for international buyers. Give us a call today and we will be happy to speak with you about how the process works!

Negotiating And Closing The Deal

Once you have decided on the right home for you, our team will go to bat for you to get you the best price we can. We will explain all the comparable listings on the market and look at what homes have been selling for. Each market is different. Sometimes we are working in a hot market and dealing with multiple offers and other times the market is quieter and we have a bit more wiggle room and time to work with. Either way, we will negotiate on your behalf, complete all the documentation, forward everything to your lawyer, and present you the keys at closing. We look forward to seeing the smile on your face when you finally get to move into your perfect Chicago property!

Sign up for email updates