First Time Home Buyers in Chicago & Suburban Area
First time home buyers are embarking on a huge task of not only finding an abode for relaxation after work, but making a big investment for the future. So many factors play a part in the search for a Chicago home, including price and location. Chicago, Illinois offers an eclectic mix of neighborhoods, each with unique cultural, ethnic and even architectural identities, which can make Chicago home buying decisions even more difficult. And when buying a home for the first time it’s important to understand that it’s not the time to do it yourself.
Buying real estate in Chicago when relocating from outside of the area offers unique challenges to home buyers. Enlisting the help of a real estate agent is a great way to navigate the, at times, puzzling process of buying a home in Chicago. A buyer’s agent can provide guidance throughout the entire process and ease the overall stress of the experience.
Below are new home buying tips from the U.S. Department of Housing and Urban Development, which should calm some of those first-timers’ nerves:
- Figure out an affordable price range
- Understand your right to fair housing
- Shop around for a loan
- Take advantage of programs for home buying in Chicago
- Work with a licensed real estate agent like Liz Sidorowicz (Remember! Our Buyer Services are FREE)
- Shop for a home
- Make an offer
- Get a home inspection
- Buy homeowner insurance
- Sign the papers