Buying a Home in Peoria

The Peoria area real estate market is a strong seller’s market. As of the end of the first quarter, there were less than 400 homes for sale in our entire service area, which consists of Peoria and all towns within a 25-mile radius. A balanced market is when there are 2300 – 2400 homes for sale.

Because of this, there have been some changes in the process of buying a home.

The 7-step home buying process:

  1. Pre-Approval Process
  2. Choosing the Right Real Estate Agent
  3. Start Looking at Homes
  4. Writing an Offer
  5. Inspection and Appraisal
  6. Final Walkthrough
  7. Closing and Keys!