Accredited Investor? We Have a Deal Available Right Now! Click Here to Schedule a Call and Get Full Access

13 Tips for First-Time Homebuyers in Chicago

Buying a home can be both exciting and daunting, especially for first-time home buyers in a city like Chicago, IL. With so many neighborhoods, housing styles, and factors to consider, navigating the real estate market can be overwhelming. However, with the correct information and guidance, purchasing a home in Chicago is an extremely rewarding experience and an excellent investment.

To help you get started, we turned to some of Redfin’s top Chicago Agents and Partner Agents to provide tips and advice for first-time homebuyers. Regardless of your background, these tips will help you make informed decisions and achieve your dream of owning a home in the Windy City. Let’s get started!

1. Do your research to prepare yourself for the process

I want to encourage everyone to become a homeowner. It is exciting, a great investment, and a means of building wealth within your family and your children. However, be prepared. Research and talk to potential lenders. – Evelyn Randle | Redfin Partner Agent, Checklist Homes Realty

For a first-time home buyer, purchasing your home may seem like a huge task and stressful time. Understanding the home-buying process is essential. – Tony Mathews | Redfin Partner Agent, Realty of Chicago LLC

2. Consider choosing a lower price point

Choose a price point that’s lower than your comfort level when the market is hot. This way, you have room to bid above list price if need be. If you’re looking at the top of your range, it will be hard to compete against others vying for the same home. – Ashley Arzer | Redfin Premier Agent

3. Be strict about staying within budget

My recommendation is to strictly stay within their budget and not focus on cosmetic issues as much as significant components of the house. Using tools like an affordability calculator will help you determine how much house you can afford. – Ray Loma | Redfin Partner Agent, NellyCorp Realty

4. Reconsider waiting out the market

2023 will be challenging for…

Source link

Article

Self-Storage: Achieving Value-Add Returns, Without Significant Cap Ex

If you have read any of my previous articles, you know that providing your portfolio with downside protection is the most critical part of investing

What are “recession-resistant” real estate investments?

Did you know that real estate has created more millionaires than any other asset class? What you may NOT have heard is that real estate

How Will COVID-19 Impact the Major Real Estate Asset Classes?

Fellow Investors, I hope you are doing well and staying safe during these challenging and uncertain times. As concerns surrounding coronavirus (COVID-19) continue to

INVEST IN AN BETTER ALTERNATIVE OPPORTUNITY TODAY

Lee Chandler does not make investment recommendations, and no communication through this website or in any other medium should be construed as such. Investment opportunities posted on this website are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Lee Chandler and may lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. Any investment information contained herein has been secured from sources that Lee Chandler believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this website, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. Investments in private placements involve a high degree of risk and may result in a partial or total loss of your investment. Private placements are generally illiquid investments. Investors should consult with their investment, legal, and tax advisors regarding any private placement investment.

DISCLOSURE

Lee Chandler, LLC . Regulatory disclosures: Disclaimers & Risks, Privacy Policy.