First Time Home Buyer
Professional Help for the First Time Home Buyer
At Rose Real Estate, we know that buying a home is one of the biggest personal financial decisions you will ever make. It's only natural that you might be a bit afraid or intimidated by the whole home-buying process - especially if your are buying your first home.
There are no dumb home buying questions!
As top Chicago, Illinois and Indiana area real estate experts, it's our job to guide you, from beginning to end, of your first home buying transaction. We will take the time to go through each and every step of the buying process.
Question #1: Should I buy or rent?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
Question #2: Should I use a real estate broker?
Using a real estate broker is a very good idea (granted, we're biased, but this is straight from the HUD web site). All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier.
Other Questions: Together, we will help you consider:
- How much home can you really afford?
- How to qualify for your first home mortgage.
- How much cash you should put down.
- How to buy a home with little or nothing down.
- What it takes to get approved for financing. What banks and other financial institutions are looking for.
- We will walk you through the many financial details associated with buying a home, including the various mortgages and home buying programs available to you.
- How much your monthly home mortgage payments will be.
- The tax advantages of buying a home.
- Is renting or buying a home better for you?
Why Choose Rose Real Estate?
In addition to the special help needed by first time home buyers, at Rose Real Estate, we offer a full range of services. Be sure to check out the reasons "Why Choose Rose Real Estate".
