Frequently Asked Questions
It has been my experience that many people who are ready to buy a home in Naperville or are ready to sell their home in Naperville have the same basic questions before starting the process. In an effort to help all of my potential clients, I have answered some of these most frequently asked questions. However, I encourage you to contact me with any and all questions that you may have regarding buying or selling a home in Naperville.
FAQ from Home Buyers
• Lock in your interest rates for up to 30 days. Rates change daily, and you never know when the market will fluctuate and cause rates to rise. A small increase in rates can make a large difference in how much you will have to repay over time.
• Give you a guideline for prices on homes. You may be surprised that you can afford more home than you initially thought.
• Makes you a “serious” buyer. Many sellers are more willing to negotiate and drop prices for a buyer that already is approved for a mortgage. This guarantees a faster sale. Unqualified buyers make an offer, and then both sides must wait until the buyer is approved. In the event that the buyer is not approved, time and money are lost for both sides of the purchase.
If you feel secure about your finances and your credit score, you may not need to talk to anyone before applying for a mortgage.
FAQ from Home Sellers
The truth is, if you are ready to sell your home, then it is the right time. An experienced real estate agent will help you stage and sell your home for the most money possible. Having your home staged, photographed and advertised correctly will allow it to sell and sell for a good price in any market.
Many people think that because they just put a new roof on their home that the house is now worth that much more in value. The truth is, a home cannot be sold without a roof, so having a good roof is just a key selling point, it really does not increase the value. The same applies to many other areas of the home.
Your experienced real estate agent will be able to give you a fair price and value for your home based on area sales and values. If you believe that the price is still too low, it may be beneficial for you to wait a little while until home values increase again before selling.
However, you should not spend too much money on your renovations. The new buyers are going to come into the home and change it to their preferences anyways. Making sure the house is super clean is often all you need to make sure that it sells quickly.