In the spirit of keeping our first-time home buyers as educated on the process as possible, Center Coast Realty hosted it’s first ever home buying webinar, How to Buy a Home in 30 Minutes. Check out the entire video, or watch shorter clips below:
Is now a good time to buy…for me?
The most important things to consider when asking yourself, “Is now a good time for me to buy?” are your timeline, your credit, your cash situation, and your monthly rent. Watch the video below to understand why.
Is now a good time to buy in Chicago?
A question we get all the time. This is going to be all based on the Chicago real estate market. To learn more about the market and what it means for buyers, click here.
How much money do I need for a monthly payment?
Another common question we get – how much money do I need to buy a home? Let’s start with your monthly payment, which includes your mortgage, property tax, and homeowners insurance. On top of that, you’ll have your assessments and mortgage insurance.
How much money do I need for a down payment?
You’ll also need money for a down payment. Not everyone realizes you can actually put down as little as 3%!
How much money do I need for closing costs?
It takes a whole village to complete the home buying process – and that village needs to get paid. To learn more about the fees associated with closing costs, check out our Chicago closing cost blog post. If you want a ballpark of what your closing costs will be, download our closing cost calculator.
Once you’ve found your dream home, time to put in the offer. Watch below for what you’ll need to do during this process.
Your offer has been accepted, woohoo! What lies ahead: waiting, paperwork, more waiting, and finally, holding those keys in your hand on closing day!