For Buyers

From first look to front-door key.

Whether it's your first condo or your forever home, we put four decades of local pattern-recognition between you and a costly mistake. Here's what to expect — and the questions buyers ask us most.

Buyer FAQ

Should I get pre-approved before we start looking?

Yes — it's the best first step. A pre-approval tells you your budget, strengthens your offer, and lets us move quickly when the right home appears. We're happy to connect you with trusted lenders.

How does buyer representation work?

Before we tour homes, we'll review and sign a written buyer-representation agreement together that spells out how we work for you and how that representation is paid. We'll walk through every line so it's clear. See Understanding agency below.

How long does buying take?

It varies with the market and your search, but from accepted offer to closing is commonly 30–60 days. We'll keep you informed at every step in between.

What will I need to budget beyond the down payment?

Closing costs — inspection, lender and title charges, attorney, transfer stamps, and a few others. We break them all down in Your closing costs below.

Should I sell my current home first, or buy first?

It depends on your finances, the market, and your tolerance for moving twice. It's one of the first things we'll talk through — there's no one-size answer, and we'll help you weigh it.

Understanding agency

Know who's working for you.

Real estate "agency" simply means who an agent represents — and as your buyer's agent, we represent you. Our Agency page covers what that means, the official Illinois consumer guide, and how dual agency works. We'll review it with you before you sign anything.

Understanding agency & dual agency →

Your closing costs

What to expect at the table.

Beyond your down payment, buying in Chicago comes with a handful of closing costs. Figures are typical estimates; we'll build a personalized estimate for your purchase.

Property Inspection $600–$750
An independent inspection of the home's condition, paid at the time of service.
Loan Charges $2,500
Charged by the lender to process and underwrite your mortgage. Includes appraisal and application fees.
Prepaid Interest At closing
A one-time charge so your mortgage payments fall on the first of each month.
Private Mortgage Insurance (PMI) If >80% LTV
Required by the lender if your loan exceeds 80% of the purchase price. Paid monthly or as a one-time fee.
Chicago Transfer Stamps $3.75 / $500*
The buyer's portion of the City of Chicago transfer tax. *Rate set by the City — we'll confirm the current figure.
Title Charges & Document Recording Fees $3,000–$4,000
Lender's title insurance plus the fees to record the deed and title.
Attorney's Fee $600–$1,200
Your real estate attorney, typically a flat fee or hourly rate.
Tax Reserve Fund 2–6 mo.
An escrow of property taxes, only if required by your lender.
Homeowner's Insurance Varies
For condos, a certificate from the association's carrier plus HO-6 coverage; for other properties, an original policy brought to closing.
Condo Association Move-In Fees $500
Charged by many condo associations to cover move-in logistics. Applies to condo purchases only.
⚠️ A word on wire fraud. Funds of $50,000 or more must be wired to the title company. Wire instructions come from the title company — always verify them by phone before sending. Email scams with fake wire instructions are common and the money is rarely recoverable.

Ready to start looking?

Tell us what you're after and we'll build a plan around it — no pressure, just straight answers.

Start a conversation