As you drive up the driveway you notice that the 2 acres are completely fenced in. With mature trees and plenty of space for your activities you notice the brick ranch is situated far from the main road. You can imagine the trees in full bloom as you get out of your car and look around the lot.

 

You enter through the foyer and notice the hardwood floors in the living room and family room and out to the formal dining room. Off the foyer is a room with French doors that can easily be your private office. With some TLC this home can be a showcase.

 

Off the dining room you can see the inground swimming pool and 8 person hot tub.

Your imagination takes off and you can see yourself hosting a summer swimming party for your large family and friends. You can almost hear the squeels of delight from your nephews and nieces as they run around on the grounds and jump in the pool in delight.

You notice the full bath off the kitchen and then go up to the master bedroom suite. The

complete upstairs is finished and awaits your personal changes. Will you have a large sitting room? Perhaps a personal workout area? Or maybe you prefer having your office on this floor?

The master bathroom is an oasis worthy of your private fantasies and you can imagine having a candlelight bubble bath with your favorite jazz or classical music playing in the background. 

  The bedroom area has plenty of space for your furniture and you can envision a few changes to make it even better.

As you leave you can easily see how this floor can become your personal haven. 

 You follow your agent who takes you through the kitchen which needs updating but the actual space will be easily upgraded to fit your needs. 

 

As you go through another door you find yourself in the 2nd home.  Your mind races with the possibilities – your eldest is having problems because of job hour cuts – temporary apartment at reduced rate?  Mom and Dad are getting older but not ready to give up their independence, perhaps they would like to live near by but have their own space?  Or you can reconfigure the space and add it to the main house?

 

Without a doubt you will have to do some repairs and replace carpeting, flooring and redo the kitchen but at this price it’s definitely worth it!  What are your waiting for? 

 

 

Call your agent or if you don’t have an agent call me today!  Less than an hour from Chicago’s Loop and minutes to Indiana this might be the best of both worlds! This is a short sale with a motivated bank ready to negotiate!  Bring us your offer and before spring is here you will be in your new private 2 acre retreat for less than $200,000.

With interest rates climbing and talk of easing Fannie & Freddie’s impact on the mortgage market buyer’s that are able to qualify now should start their search before the spring market.

In my area which encompasses the western suburbs of Chicago I have noticed an increase of showings in almost all my listings before the traditional sprink market in April/May. With the interest rates climbing back into the 5% range many buyers wish they had been more assertive in their search when the rates were lower.

With so many events affecting interest rates where they will go is any one’s guess. Interest rates flucuate on a daily basis and buyer’s need to understand that you need to find a good mortgage broker such as one of the preferred lenders that I use as part of my team.

You need to make sure that you are pre-approved for a mortgage so you don’t get disappointed later when you find the perfect home and find out you no longer qualify.

Do a bit of homework and pull your own credit report by utilizing your one free yearly credit report or using one of the paid services offered by the various credit bureaus – TransUnion, Experian, and Equifax.

Make sure that all credit reported is actually yours! If you have a common name chances are that you will have mistakes on one or more of the reports.

So, now that you have done the first couple of steps what is the next thing you need to do. Decide how much you really want to spend on housing to enable you to continue having the lifestyle that you want. Just because you qualify for a $2000 a month mortgage payment do you really want to have it? That is a very personal decision and one that only you can make.

What are your priorities? Do you want to have a vacation once or twice a year? Do you have a hobby that requires specialized equipment? Are your childrend heading to college in a year? What is your commute? Do you want new construction or existing? What school district? Near shopping? Close to church/temple ?What are your needs and wants? Do you know the difference from a want and a need? These are just a few of the questions you need to ask yourself?

Once you have narrowed down your search criteria the fun begins. Finding a realtor that you can communicate with, understands your needs and wants and is willing to assist you in finding a home that meets both your financial goals and also your lifestyle choices.

Now comes the proverbial sales pitch….because I firmly believe in becoming a partner with my buyers in their home search, I do try very hard to listen to you and ask questions to help you realize what your priorities really are. After all this may be one of your largest financial purchases and hopefully you will be enjoying it for many years to come and I want you to be happy with your choice instead of remembering the realtor that pushed you to buy a home that you really didn’t want.