WITH YOU FROM S TA R T T O F I N I S H BUYER’S GUIDE
R E L AT E D S A L E S Related Sales is a full-service residential brokerage firm specializing in a broad spectrum of specialties including residential sales, leasing and new development projects in Chicago’s most desirable neighborhoods. Our team of market-leading professionals has access to a vast network of tools and resources that allow them to achieve exceptional results on each client’s behalf. The expertise of our Licensed Brokers, industry-leading standards and deep knowledge of the Chicago market allows our firm to deliver the best service throughout all stages of the transaction, ensuring the highest level of client satisfaction.
Related Sales is a key component of The Related Companies, the most prominent privately owned real estate firm in the United States. As such, Related Sales is able to deliver the highly personalized service of a boutique brokerage while benefiting from Related’s global, multibillion-dollar real estate platform with offices in Chicago, New York, Miami, Los Angeles, Dallas, San Francisco, London, Abu Dhabi, São Paolo and Shanghai.
CONGRATULATIONS on your decision
WHO WE ARE Committed Professionals
Full Service
Collaborative & Resourceful
Market Leaders
Data Driven
Negotiation Focused
Dedicated Consultants
Superior Product
to purchase a home in Chicago!
R O L E O F YO U R L I C E N S E D R E L AT E D S A L E S B R O K E R
Our distinguished team of market-leading Licensed Brokers are committed to guiding you throughout the buying process and will stop at nothing to achieve the highest level of client satisfaction. Related Sales fosters a culture of collaboration in which our team shares their knowledge, expertise and resources ensuring clients are better represented far beyond what a conventional brokerage offers.
While the decision to purchase a home is an exciting one, the efforts required to achieve desired results are numerous and can become overwhelming. To make the process efficient and rewarding, your Related Sales Licensed Broker will guide you through the entire process. When working with Related Sales, you can count on superior results.
STEPS FOR PURCHASING A HOME 1. Buyer Consultation Meet with your Related Sales Licensed Broker to discuss your needs, wants, timeline and budget expectations for negotiation. 2. Consult with a Mortgage Broker & get Pre-Approved for a Mortgage Before you begin your search, meet with your lender to determine your budget for down payment and loan size for which you qualify based on your personal finances. Obtain your pre-approval letter as your Related Sales Licensed Broker will need this documentation to submit with any purchase offers. 3. Find a Home The timeframe for finding your home will vary so it is best to give yourself plenty of time, if possible. Your Related Sales Licensed Broker will analyze all properties available that meet your criteria including MLS, online, pre-market listings, FSBO in addition to utilizing our extensive client, vendor, and industry partnership networks. 4. Offer & Negotiation Your Related Sales Licensed Broker acts as an advocate and advisor while negotiating the best possible price and terms with your consultation and direction. They make certain that all important factors have been considered including market trends, property comparisons, condition of the home and listing history to help you determine an appropriate initial offer and the subsequent negotiations that follow in accordance with your direction to achieve success. 5. Accepted Contract & Contingency Period Buyer and seller agree to terms (including price and closing date) and move to the contingency period. During this time, buyer has the right to have an attorney, preferably one that specializes in real estate, review all documents and inspection report completed by an Illinois Licensed inspector to determine if there are issues to be addressed. 6. Preparing for Close During this time Buyer will work closely with their Lender to provide all paperwork required, appraisal will occur, property information will be verified and loan goes through underwriting. Also, Buyer will begin coordinating the process of the move.‌scheduling movers, planning for time off work, purchasing home owners insurance, initiating utilities, etc. 7. Closing Day! It is standard to have a final walk through before closing to ensure the property is delivered in agreed condition. Once complete it’s off to the location of the closing which could be a title company or attorney office.
GET PRE-APPROVED FOR A MORTGAGE
CONSULT WITH A MORTGAGE BROKER &
BUYER CONSULTATION
PREPARING FOR CLOSE
ACCEPTED CONTRACT & CONTINGENCY PERIOD
OFFER & NEGOTIATION
FIND A HOME
CLOSING DAY!
NEIGHBORHOOD MAP P R O U D T O S E R V E T H E G R E AT C I T Y O F C H I C A G O
Rogers Park
Edison Park West Ridge
Albany Park
Austin
Hermosa
Montclare
Avondale
Roscoe Village
Wrigleyville Lake View
Logan Square
Bucktown
Humboldt Park
West Garfield Park
East Garfield Park
North Lawndale
DePaul
Douglas Noble Square Wicker Old Town Goose Park Island River North Gold Coast River West West Town Near Streeterville North Side River East West Magnificent Mile Loop Loop Gage Park Greektown TriUniversity Taylor Printers Row Village South Near West Side Chinatown Loop Lower West Side
South Lawndale (Little Village)
Bridgeport McKinley Park
Archer Heights
Garfield Ridge
West Elsdon
Brighton Park
Back of The Yards New City
Gage Park
Clearing West Lawn
Chicago Lawn
West Englewood
Near South Side
Englewood
Canaryville
Douglas Oakland
Irving Park
Dunning
Belmont Cragin
Uptown North Center
Grand Boulevard
Kenwood Washington Park
Portage Park
Andersonville
Ravenswood
Lincoln Park
Jefferson Park
Lincoln Edgewater Square
North Park
Armour Square
Norwood Park
Fuller Park
Forest Glen
Hyde Park
Woodlawn
Greater Grand Crossing Ashburn
Auburn Gresham
Chatham
Avalon Park
South Chicago
Calumet Burnside Heights
Washington Heights
Pullman
Beverly Mount Greenwood
South Shore
Jeffery Manor East Side
Roseland Morgan Park South Deering West Pullman
Riverdale
Hegewisch
GWEN FARINELLA BROKER, RELATED SALES 312.961.9822 GWEN.FARINELLA@RELATED.COM GWENFARINELLA.COM
R E L AT E D S A L E S C H I C A G O . C O M
350 W Hubbard Street - Chicago IL 60654 312.595.7400