If you've been renting and you're thinking about buying your first home, you may wonder if it's the right time. Perhaps you wonder if you're too young to go buy a house or if it would be a wise financial decision. When do people usually decide to buy? It is true that...
The Experience You Need
Year: 2022
Is a purchase option the same as the right of first refusal?
The decision to invest in a new home is personal and dependent upon your financial situation. Many people that want to buy but have limited resources at any given time may consider either a purchase option or the right of first refusal. Although they resemble one...
Should you buy a house that has been flipped?
House flipping has become relatively popular, in part due to television shows about the process that tend to make anyone think that they can be successful at it. In 2019, for example, more than 6% of all residential homes that changed hands were flips. Should you buy...
What does it mean to rent-to-own a home?
The real-estate market is painfully tight, and would-be homeowners are feeling the pinch. In a seller’s market, it can be hard to get enough money down on a home, especially when sales prices keep soaring over the asking amount. Rent-to-own can be a nice alternative...
3 money questions to ask yourself before buying your first home
Mistakes are easier to make than you think when buying your first home. The euphoria of the situation can cloud your judgment or cause you to overlook vital issues. Also, you have never done this before, and beginners in any field make mistakes. Here are some things...
Should you consider a short sale for your home?
Selling a home in the current real estate climate can be challenging. While this is true, you do have options. One option is a short sale. However, because of some of the short sale terms, it’s important to learn more about it to determine if it is the right option...
Unexpected costs to plan for when buying a home
Buying a home comes with a lot of costs. Some you know about – closing costs, real estate commission, property taxes, etc. However, many homebuyers (especially first-time homebuyers) aren’t aware of other costs that may pop up. Knowing what these expenses are will...
Benefits of buying over renting
A lot of the benefits of renting come with the fact that you don't actually own the property. You likely don't have to do maintenance, you have more flexibility with when you move, and things of this nature. That said, renting also means that you're spending money...
3 mistakes to avoid when buying a home
There is a lot of paperwork involved in the home purchase process – but you are, after all, making one of the biggest financial decisions of your life. Every detail is of the process is important, because once you sign the sale contract, the consequences of a mistake...
Can you move in after buying a property at a tax sale?
When someone lists a house for sale these days, they will likely see multiple offers, possibly over the asking price. With the Illinois real estate market so competitive, buyers have had to get a little more creative about acquiring homes. Going to a tax sale auction...