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Moving In
Whether you're celebrating with champagne or simply relieved to finish the process, there are a few final steps to complete.
Final Walk-Through Inspection
The final walk-through is your last chance to inspect the home before purchase. By this point, all purchase agreement contingencies should be met and the seller's belongings should be removed. This typically happens the day before or the day of closing.
Closing
Once you're satisfied with the final walk-through, it's time to close. You, the seller, and the closing agent will sign the settlement agreement detailing all financial transactions. You'll sign your loan documents and submit your down payment and closing costs to escrow, either via certified bank check or wire transfer. Once complete, the deed is recorded at the County Recorder's office, and you officially become the owner of your new property.
When you're ready to get started, call Tanaka Real Estate at 309.336.8935 or complete this short form and one of our agents will be in touch.
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Tips For Buying The Perfect Home
Don’t Max Out Your Budget
Just because you've been approved for a maximum loan amount doesn't mean you should spend it all on a home's purchase price. Set aside funds for closing costs, taxes, and potential repairs or remodeling.
Get to Know the Neighborhoods
Make sure the neighborhood fits your lifestyle and your family's needs. Are you close to good schools? Is shopping conveniently located nearby?
Don't Skip the Home Inspection
A professional home inspection is worth its weight in gold. It reveals issues you might not otherwise catch, giving you peace of mind and helping you make a more informed purchase decision.
Get Pre-Approved
Getting pre-approved by a lender shows sellers you're a serious, qualified buyer and not just browsing the Bloomington-Normal real estate market.
Make a List of Deal-Breakers
Know what you can live with and what you can't live without, versus what could be solved with a simple remodel. If you need four bedrooms, don't buy a two-bedroom home that requires a costly addition and blows your budget.
Check the Age of Appliances and Major Systems
Some of the most expensive components of a home include appliances, HVAC systems, water heaters, septic/well systems, and the roof. Pay close attention to their age and service history. You may even be able to negotiate a home warranty with the seller.
Check for HOA Requirements
Many neighborhoods have HOAs that govern what you can and cannot do with your property. Be sure you understand the rules and any associated fees, which are typically billed annually.
Questions?
Give Tanaka Real Estate a call at 309.336.8935 or fill out the form and one of our agents will be in touch.
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What Price Range Can I Afford?
Resources For Bloomington Home Buyers
The journey to homeownership starts with understanding how much you can afford. One of the biggest factors is your down payment. Many buyers assume you need at least 20 percent down, but thanks to various government-sponsored loan programs, some buyers can purchase a home with as little as 3.5 percent down. Veterans of the U.S. military may even qualify for zero-down financing options.
Finding a knowledgeable mortgage loan officer is key to getting the most up-to-date information on available lending options for your home purchase. Check out our vetted list of preferred lenders below, or use our free mortgage calculator to run some quick numbers.
Areas We Serve
- Bloomington
- Normal
- Le Roy
- Heyworth
- Lexington
- Hudson
- Chenoa
- Gridley
- Downs
- Danvers