Cook County Real Estate

Cook County real estate includes all of Chicago and many of its most popular suburbs. If you are interested in purchasing Cook County real estate, here are some facts which can be of help to you.

There are 133 municipalities within Cook County's 956 square mile area. The total population exceeds 5.3 million persons, making Cook County the second most populous county in the nation. The City of Chicago is the largest municipality in Cook County. It is broken into 50 Wards within 8 City Townships, while the other 132 municipalities outside the City of Chicago are within the 30 Suburban Townships of Cook County.

Cook County real estate can be found in the following communities: Winnetka, Joliet, Schaumburg, Burbank, Oak Park, Naperville and Glenco. Chicago neighborhoods include Lincoln Park, Lakeview, Wrigleyville, DePaul, Gold Coast, Oldtown, Bucktown, Wicker Park, South Loop, Printer's Row, River North, Streeterville, Loop, West Loop, River West, Cabrini Green, Andersonville, Uptown, Humboldt Park, University Village, Little Italy, Hyde Park, Edgewater, Rogers Park, Greek Town, Fulton Market, Ravenswood, Roscoe Village, Saint Ben's, Lincoln Square, Logan Square, Irving Park, Pilsen, Ukrainian Village, Dearborn Park, Belmont Harbor, East Village, Albany Park, Northshore.

Considering Buying Cook County Real Estate?

First, find out as much as you can about Chicago's neighborhoods. Make a list of what is most important to you: schools, transportation, shopping, etc. Also make a list of what you need/want in your new home. You can negotiate on price but have some realistic idea about the limits. Use a qualified, professional real estate agent. They will work with you through the entire buying process. Expect to go back to properties you like more than once, at different times of the day, so you can see the neighborhood and the property in different lights.

Closing the Deal on Your Cook County Real Estate

Forward a copy of the Contract to Purchase to your attorney immediately following acceptance. Act immediately on any emergencies or situations which you must satisfy. Any testing or inspections required on your part should be scheduled as soon as possible.

Be certain to apply for your mortgage in a timely manner. Do not wait until the last minute to obtain Homeowners Insurance. You need it to close your purchase. Remember, your mortgagee must be named as the primary beneficiary. All funds necessary to close must be brought to closing in the form of cashier checks or certified checks. Personal checks are not acceptable.

A walk-through will be scheduled for you in accordance with the terms contained in the Purchase Contract. Your real estate agent will accompany you to verify that all items included in your Contract to Purchase are present.

Your attorney or closing agent will contact you with closing figures. Remember that the exact amount of money you will need often will not be determined until your closing is scheduled. Usually, the closing is held at a title company or an attorney's office. Generally, possession of your new Cook County real estate is transferred at closing unless your contract calls for another arrangement.

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