If you have questions about affordability, credit, legal matters, or income, trust me to find you what you need fast. I'll make sure you feel confident and educated every step of the way.
Condo or mansion, I'll find it and get it for you at the price that's right. TICs? Fixer-uppers? Luxury? I can help with all of it. Let's get you ready for your property journey. Call me today.
Whether you’re buying, selling, or renting, I'm here to support you and guide you through to the finish line. My top-notch skills ensure you get the best experience possible. It’s what I love to do.
“Pamela A. Covington, REALTOR, brings her experience as a self-driven and highly analytical accounting/finance professional to Real People Realty. Prior to joining the Real People Realty team, she held many roles focused on leading all aspects of financial analysis, accounting/finance support, credit and accounts receivable. As a Credit Analyst she learned how to be detail oriented, proactive, creative, analyze critical business requirements, identify deficiencies, negotiate and develop cost-effective financial solutions that meet business goals.
As your Realtor, Pamela will be an advocate for you. Whether you are buying, selling or renting, she will work tirelessly to promote your best interests. If you are selling, she will work with you to get you the fairest price, in the least amount of time, by using state of the art technology and Real People Realty's superior marketing materials. If you are buying, she will work hard to provide you with the best information and market data to inform and assist you, so you can be a well-equipped buyer with the strongest possible negotiating position.
Pamela understands that buying and selling real estate can be stressful. As your Real Estate Broker, she will work hard to lower your stress and make your experience as pleasurable as possible. She will accomplish this through constant communication and by being accessible whenever you need her.
Pamela has been an area resident since 2001 and earned her master’s degree in Business Administration at University of Phoenix in Warrenville and earned her Bachelor of Science degree in Agricultural Communications at the University of Illinois in Urbana-Champaign. She recognizes the unique characteristics and benefits of living and working in Plainfield, Joliet, Naperville, Romeoville, Bolingbrook, Shorewood, Willowbrook, Hinsdale, Downers Grove and Minooka as well as Chicago and its other surroundings suburbs.
When not assisting clients, Pamela enjoys spending time with her family, entertaining friends, traveling, singing and dancing.
‘It would be an honor to work for you.'”
1. Find out your credit score: This is an important first step if you want to qualify for and secure a mortgage in 2018. Knowing what kind of shape your credit score is in will help you know whether you will qualify for a loan and what interest rate you can expect to pay. A higher score will net you a lower interest rate. Checking your credit score is easy nowadays with the plethora of websites offering free credit score checks. If you find that your score is not optim, you can start correcting it by fixing any errors on the report, paying your bills on time, closing credit cards you do not use and getting your credit limits raised.
2. Understand what you can afford: While looking at homes online is exciting, prospective homebuyers time is best spent searching after they know what they can afford. Online mortgage calculators are a great tool, but it is important to have a wholistic and realistic understanding of your monthly expenses. Buyers should sit down and look at all their monthly expenses from fixed costs, such as car payments and student loan bills, to fluctuating expenses such as groceries and discretionary spending.
3. Find a mortgage lender and get preapproved: A critical step in purchasing a home is finding a mortgage lender. They can help you understand what you can afford, what you will be approved for and offer guidance throughout your search. Every lender and bank has different products and programs tailored to individual homebuyer needs.
4. Reserve funds: Buying a home is likely the largest purchase you will ever make and while you may be inclined to invest all your savings, it is important to have a healthy reserve of cash after you close. Experts recommend having a three to six-month cushion in your savings account.
5. Find a good real estate agent: Once you know how much you can afford, the fun part of finding the perfect house begins. Selecting the right real estate agent can help provide you with important information on homes you are interested in, including community insights such as schools and other information usually not readily available to the public. The right real estate partner can be as important as being financially prepared.
Daily Herald Updated 1/12/2018