Depending upon your price range and location, it has definintely been a buyer's market.  If you are ready to look for your own place, here's a cheat sheet for your timeline.  Call/text me @ 773-799-5939 or Carol@CarolBest.net for all your buying and selling needs.

1)  Work with a highly-experienced agent so you do not overpay

2)  Have your downpayment in liquid funds

3)  Have your agent set you up on the MLS for the most accurate listing information

4)  Choose a team that works & is in sync - from inspector, to lender, to attorney - for a smooth transaction & transition

5)  The relationships you form should serve you well and throughout your inner circle of confidants for a long time, which includes your team:  banker, attorney, Realtor, financial planner.

We have been experiencing the lowest interest rates in decades - unfortunately, many Buyers do not qualify because of low credit scores, too much debt, or lack of a stable job.

Here's a typical timeline if you're a qualified buyer:      

    STEPS:                                                              TIME FRAME:

Selecting Your Home - zero in on a location                              None

Viewing Properties                                                                      None

Contract Negotiation                                                            1 day + ?

Earnest Money                 Submitted w/Contract & Cashed Immediately

Attorney Review                                                        5 Business Days

Home Inspection             Preferably Done 3 Days after Contract Signed
                                                                        5 Days Allowed in Contract

Apply for a Mortgage                                           Within 7 Business Days

Concurrently the following is happening:                  Property Appraisal
                                                                             Underwriting/Approval

Final Walk-Thru                                            0 - 48 Hours Before Closing

Closing Time Frame:                                                   3 weeks - 60 Days

Moving Day                        As Early as Same Day or Future Time Frame

Posted by:  Carol Best | Coldwell Banker Real Estate | Barrington, IL

Buyers:  www.FindNorthernIllinoisHomes.com

SELLERS:  www.NorthernIllinoisHouseValues.com

BUY Luxury FORECLOSURES:  www.FindLuxuryHomeForeclosures.com

WEBSITE:  www.CarolBest.net