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How Do You Know If You’re Ready to Buy a House? Ask Yourself These 6 Questions
Are you on the fence about finally buying a house? The decision is a huge one, especially with so many factors to consider. But don’t worry — we’re here to help you figure out if it’s the right time for you to become a homeowner. Ask yourself these six essential questions before taking the plunge to ensure you’re as prepared as possible!
How to Find a Good Real Estate Agent
This might shock you, but the most important thing you’ll do on your home-buying journey is finding an excellent real estate broker. They’re responsible for stewarding your financial and legal well-being throughout the process. So don’t skimp on this step. Finding the right match is super important, but how do you do it? First, ask around, and get recommendations from family or friends, because if your friend likes them, odds are you will like them too. If you can’t find a referral from friends or family, try to find an…
What happens when my property value goes down?
In my business, everyone always expects property values to go up indefinitely. And unfortunately, that isn’t always the case.
A decrease in property value doesn’t mean declining market prices. In fact, the real estate market has shown consistent growth throughout history, even accounting for significant dips like in 2008.
Should You Lock Your Mortgage Rate Today?
As interest rates continue to increase, housing demand in Chicago has plummeted. Closed sales have decreased by 33% since the June peak, but why does that ultimately matter? Well…Prices are finally going down.
Home prices in the Chicagoland area dropped by 13% in October compared to June. That’s partly due to seasonality. Housing prices always peak in June and decline towards the winter in Chicago. But this year, that curve is steeper (nuances, I know).