Find a Great Accommodation in Chicago

Chicago illinois

If you are looking for an accommodation in Chicago, this article will tell you about the types of accommodation available and the way forward.

Chicago illinoisTo settle in the city of Chicago, you will need to find housing. You can buy a home, rent or sublet an apartment or opt for colocation. But first, find the area where you want to live and learn about its environment. The city is divided into four sections, including “The Loop” the north side “Mostly,” the “West Side” and the “South Side”. Apartments for rent are available in almost all regions.

How To Find A Gem

To find a great accommodation in the capital city of Illinois, you can check the classified ads in local newspapers if you are already on site or locate posters “rent” on homes or apartments. You can also visit the websites on which you have the option of publishing an accommodation search ads, or just hire a real estate agent who will handle all the procedures for you. Here are some links that might be helpful:

www.chicagotribune.com Chicago Tribune

Craiglist chicago.craigslist.org

Chicago Sun searchchicago.suntimes.com

It is advisable to visit a maximum of apartments or houses before making your choice. Take the time to learn about the life of the lease, the various fees that may be related to the rent, and if you have to pay an advance or a guarantee. If you will settle with your pet, first check conditions with the owner.

It is also important to know your rights as a tenant, especially in regard to the lease. You must know and understand the terms of the lease before signing. You will have more information about this on the following link: www.renters-rights.com

Types of accommodation

housing tips in ChicagoSeveral types of housing available in the city of Chicago. If you have a high budget, you can offer a modern and comfortable apartment in a skyscraper with babysitting services, a terrace, a laundry and dry cleaning included. You mostly find in the “downtown” and along Lake Michigan. The “townhomes” or townhouses, are most common in Chicago. These include in particular a small garden, a garage overlooking an alley. This type of accommodation is generally praised, often by floor, and is ideal for a quiet and peaceful life in the neighborhood.

You will also find that lofts are former warehouses and factories converted into apartments. The lofts are spacious, offer more or less the same comfort as the skyscrapers and are located near the city center.

Accommodation Prices

The dwellings in “The Loop” are the most expensive ones because it is a trendy area. Prices vary according to the three sub-sectors, namely the South Loop, the West Loop, and Streeterville. If you want to rent a studio, you will have to spend around $ 900 per month while for an apartment with three bedrooms, it will take you $ 6,000 per month.

You’ll need at least $ 550 per month for a studio, $ 1,750 for an apartment with two bedrooms. In northern suburbs you can find an apartment from $ 750 and a studio from $ 400. The apartments in the “West Side” meanwhile, are available from $ 1,000 while the rent for a studio starts from $ 500.

The least expensive homes are found mostly in the South Side. But it’s not as long as they are recommended because it is a region classified as dangerous due to the lack of security.

Become a Property Owner in the State of New York

The purchase of a property from an individual is the essence of real estate transactions in the state of New York, at the expense of auctions, purchasing from banks or promoters.

The key steps in the purchase from a private individual:

1 / MLS, what is it?

New YorkIn New York, every salesperson has in its portfolio, property for sale mandates that he must share with other agencies through a common system called MLS (Multiple Listing System). This centralization of properties for sale is freely available on the Internet. This is a huge advantage for the buyer compared to other systems, such as France, for example, where you have to tour agencies to see what was in store.
There are many ways to access MLS data, including the sites of some real estate agencies. Attention access is FREE. So Flee sites that offer you to pay for access.

It is noteworthy that the MLS also contains offers for rent.

Please note that the Manhattan area is subject to specific rules and do not have an MLS.

2 / Quote

To have a clear idea of the value of the property on the market, you can visit

Once you have located the property in question, you must provide a written offer, with the first payment of between $ 5,000 and 10% of the amount of the offer. Of course, the money is deposited into an escrow account (Escrow Account) and is fully refunded if the offer is refused, however, provided you have in your sales contract, which provides for the suspension clause.

3 / Inspections

Once an offer is accepted, you can request a detailed site inspection (Home Inspection) at your expense. If the inspection is satisfactory, you will need to place on the same escrow account an additional amount between 15% and 25% good.

4 / Funding

Get a property in NYThe buyer can obviously choose to either buy the property fully expecting either to resort to financing. In the latter case, obtaining a loan may take some time, between 45 and 60 days. Meanwhile, the lending bank will probably request an estimate of the property in question, with a specialized and independent body. This written estimate (appraisal) is a valuable indicator for the bank, who knows, therefore, if the purchase price you offer is relevant. Knowing that she may end up with your property on the arms if you do not repay your loan, it checks its market value …

5 / The closing of the sale or Closing

Once funding has been obtained, the closing of the sale (Closing) is usually done in the following days.

Therefore came a closing agent (Closing Agent or Settlement Agent) who:

Represents the buyer in the transfer of title and transfer of property of the Seller to the Buyer.
Conducts research on the validity of title.
Offers the assurance of this title (Owner’s Title Insurance Policy). Specifically, this insurance covers the state of title at some point.
Synchronizes the payment of funds through its escrow account.
Closing costs for the buyer ranged from 1.5% (with purchase) and 4% of the purchase price

Hope this helps.