For The First Time Buyer
The best place to start for the first time buyer would be to get pre-approved for the mortgage. For that will give you a better bargaining position with the seller. You will also have a better understanding with the buying process. It will make you aware of just how much money you will be expected to put toward the down payment and just what your monthly payments will be. Depending on the type of mortgage you are looking for I recommend these two loan officers.
- Maureen Cipolla from Standard Bank specializes in down payment assistance for first time buyers and has quite a few programs available to help with your down payment and closing cost. She also has programs available for those that already have a home and are looking to purchase a larger one. Maureen’s cell phone number is 708-577-3202 and her office number is 708-535-0550 Ex: 62841.
- Tracy Padgett from GuaranteedRate specializes in 203k’s which means if the home needs some type of repair before you can move in she can get the money included in your loan. This is especially important with the distressed properties available. These properties usually are priced below market because of the work involved, but when completed usually will command prices considerably higher than your total up front cost. Her cell phone number is 708-829-2116 and her office phone is 630-869-1042.
Next would be a great realtor that is sensitive to your needs and that would be me, Craig Jackson at Century 21 Affiliated cell Phone 708-516-6253 Office 708-361-0800.
You should always have an Attorney before signing a contract, but until it is accepted there isn’t much for him to do. Once the contract has been approved by the seller your attorney will look over the contract and make sure your interest is protected. He will also explain the buying process related to your real estate contract. I recommend these Attorneys’:
Ronald Babb 12757 S. Western, Blue Island, IL Phone: 708-388-7783 and
Gary Coop 6536 Cermak Road, Berwyn, IL Phone: 708-275-2897
Once a contract is approved while having the Attorneys look over the contract you must get an inspection of the property and I feel Christopher Brown from HouseMaster Home Inspection Service does a great job in this area. His number is: 708-798-8810 you can also use the toll free number: 800-622-8810. Mandac Home Inspection Service in Orland Park is another home inspection service their number is 708-829-2521.
There are also home protection plans which are available so that you will be prepared for the unexpected.