Bill Bein's (wbein) Blog

•1.     The kids have all graduated from college.  You and your husband finally have time to yourselves...then they move back home! •2.     You have three spare rooms in a four bedroom house. •3.     You have to shuffle your cars each morning to leave for work. •4.     You spend more time driving...

Step 5: The lender and attorneys get things ready to close. From your perspective, things may seem quiet, but a lot's happening for the lender and attorneys: •1.   Closing costs / Good Faith Estimate: Your final closing statement of costs may not be known until the day of closing!!! And that's be...

Step 4: Now that a deal has been made, you engage the resources you need to complete the purchase.  Week one of the contract is the most critical of all. There are MANY things you must deal with in Week One: •1.     Loan Application: Day ONE, call your lender to activate your application and orde...

Step 3: As your agent, I will negotiate an agreement on all issues of price and terms...and I promise to be a ferocious negotiator on your behalf. Some people think it is wrong to ever buy at less than a big discount. But that thinking can trip you up. HOT property, for instance, never sells at a...

Step 2: We write an offer...   and then I present it on your behalf. The offer we write up-and the negotiations I do for you-address the following areas: a.   Conveyances: The top of the contract has room to check off appliances, etc-you can add to those items below. b.   Price: The final price y...

Step 1: You and I work together to determine what we think the fair market value of the property is. The first step is for us to make a guess how soon and at what price the property will sell. Sometimes, we will think it may sell soon for full or near full price, but not always. We'll study: •1. ...

Our goal here is to overview what happens from first contemplating an offer to the day of closing. You will see that this write-up is set up as a worksheet that you can fill in as we go. Before we begin, we should point out that most real estate in Chicago is, we believe, is measured in brush str...