Katherine Howell/ Charles Rutenberg Real Estate

When you have decided that you're ready to start your home search I would recommend having a pre-approval in hand. The reason being is that:

1. When putting an offer in on a home we send the pre-approval along with the offer to show the seller that you are a ready and willing buyer. Depending on how long it takes for you to get your documents in to the lender and receive a pre-approval, may cost you the time it takes to win that offer.

Your first step will be choosing a lender, they will help you choose the best program suitable for your financial spending. The lender will then provide you with a loan estimate breakdown of costs, and if you are satisfied you will be issued a pre-approval stating the loan type and amount available for your purchase.

Once you put an offer in on a property and it is accepted, the lender will then order appraisal, this will provide the bank knowledge of the home's value and condition.
Keep in mind that if an appraisal comes back lower than the purchase price, the buyer/seller will either have to re-negotiate the sales price, buyer will bring extra cash over the appraisal amount to closing, or the buyer can walk away if the seller decides they don't want to lower the price.

Once the offer is accepted at the agreed terms and appraisal is completed, the lender will lock in the interest rate and proceed getting all documents to underwriting for approval. The lender will then issue a clear to close unless more documents are needed on your part.

This move in ready home contains many upgrades and a full basement. Enjoy your alone time in your backyard that is surrounded by a new privacy fence, not to mention a 2 car garage and driveway that allow for ample parking. Let's Connect!

813 Oneida Street, Joliet, IL, 60435 - ListReports House photos, infographics, and listing agent details for 813 Oneida Street, Joliet, IL, 60435. This home is priced at $200000, with 2 beds, 2 baths, and 928 sqft.

Just Listed!! Let's Connect 🏡

2273 Weatherford Lane, Naperville, IL 60565 - Residential for sale Listing Site: Property Site: https://tour.corelistingmachine.com/home/6FV4VY/2273-Weatherford-Lane-Naperville-IL-11614075This beautifully maintained home loc...

As the market starts to level off in some areas and interest rates linger around 5.8%, we can expect more sellers to start listing their homes and buyers getting an opportunity to secure a property.
The best way to find out if your desired area is leveling off or if homes are still facing bidding wars, is to connect with me. No obligation to you just helpful information.
Let's Connect!

Katherine Howell
872.228.9290