Tuesday, June 12, 2007

Under Contract!!!

For those of you following my own home search story, I have found a home! I just went under contract and we are in the middle of attorney review. We had the home inspection already so things are moving along smoothly.
The contract negotiations went very smoothly. I even found out later that the other agent on the deal is a drummer too! Small world. Seriously, it's nice to do deals with pleasant, intelligent agents. We are of course both trying to get the best deal for our clients but it doesn't have to be an unpleasant experience.
The house itself is a registered bungalow (for more information about Chicago Bungalows, historical designation, how to register and the benefits of registering, visit www.chicagobungalow.org.)
The house is in fairly good shape but the home inspection turned up a few items that we are still negotiating on. I cannot stress enough the importance of getting a home inspection. It's the best way to safeguard your investment from a safety aspect. It also gives you an idea of any hidden costs associated with future repairs. Finally, if nothing else, a good inspector will walk you through "the care and feeding of your new home." It's like an instruction manual on the home, mechanicals, appliances, basic repairs, etc.
Assuming the rest of attorney review goes well, I should close on Aug 1. So...who wants to help me move?

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