Foreclosures-Short Sales-Bank Owned Properties-Chicago,IL South Suburbs | From Renters To Homeowners To Investors To Developers To World Leaders
Homebuyer tax credit extended into 2010 |
Thinking about purchasing a home of your own? How long you plan to live in the home .
If you purchase a home and get a job transfer or decide to move after only a short time, you may end up paying money in order to sell it. The value of your home may not have appreciated enough to cover the costs that you paid to buy the home and the costs that it would take you to sell your home.  The length of time that it will take to cover those costs depends on various economic factors in the area of the home. Most parts of the country have an average of 5% appreciation per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs. If the area you buy your home in experiences an economic up turn, the length of the time to cover these costs could be shortened, and the opposite is also true. Whatever Location you choose, never buy a home just because it is extremely close to your job. I have considered doing this on several occasions and I am so glad that the jobs and the people on them are far away from me right now!
How long the home will meet your needs.
What features do you require in a home to satisfy your lifestyle now? Five years from now? Depending on how long you plan to stay in your home, you'll need to ensure that the home has the amenities that you'll need. For example, a two-bedroom dwelling may be perfect for a young couple with no children. However, if they start a family, they could quickly outgrow the space. Therefore, they should consider a home with room to grow. Could the basement be turned into a den and extra bedrooms? Could the attic be turned into a master suite? Having an idea of what you'll need will help you find a home that will satisfy you for years to come.  Your financial health - your credit and home affordability.
Is now the right time financially for you to buy a home? Would you rate your financial picture as healthy? Is your credit good? While you can always find a lender to lend you money, solid lenders are more skeptical if your credit history is not good. Generally, a couple of blemishes on a credit report will make you a good credit risk and could qualify you for the lowest interest rates. If you have more than a couple of blemishes on your report, lenders like Quicken Loans may still provide you with a loan, but you may just have to pay a higher interest rate and fees. Understanding Your Credit Report (FICO SCORE) Please Read!
Some say that you should refrain from borrowing as much as you qualify for because it is wiser not to stretch your financial boundaries. I think that if you qualify for $150,000 loan, you should first see if a home for $135,000 could possibly meet your needs. The other school of thought says you should stretch to buy as much home as you can afford, because with regular pay raises and increased earning potential, the big payment today will seem like less of a payment tomorrow. This is a decision only you can make. Are you in a position where you expect to make more money soon? Would you rather be conservative and fairly certain that you can make your payment without stretching financially? Make sure that whatever you do, it's within your comfort zone. If your yearly raise is keeping up with the economy, then you are one of the lucky ones. Let us help you find out what you can afford!
 Where the money for the transaction will come from.
Typically homebuyers will need some money for a down payment and closing costs. However, with today's broad range of loan options, having a lot of money saved for a down payment is not always necessary - if you can prove that you are a good financial risk to a lender. If your credit isn't stellar but you have managed to save 10-20% for a down payment, you will still appear to be a very good financial risk to a lender. The ongoing costs of home ownership.
Maintenance, improvements, taxes and insurance are all costs that are added to a monthly house payment. If you buy a condominium, townhouse or in certain communities, a monthly homeowner's association fee might be required. If these additional costs are a concern, you can make choices to lower or avoid these fees. Be sure to make your realtor and your lender aware of your desire to limit these costs. If you are still unsure if you should buy a home after making these considerations, you may want to consult with an accountant or financial planner to help you assess how a home purchase fits into your overall financial goals. | |  First Time Home Buyer's - Call 773-401-6872 
| | SELLERS! National Association of REALTORS®
Receive a free Comparative Market Analysis of your home.
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose Home Evaluation and fill out the requested information. I will use comparable sold listings in your area to assist you in determining the correct price for your home before you speak with any real estate agents.
BUYERS! 2009 First-Time Home Buyer Tax Credit
Home buyers receive a free credit consultation along with a copy of your credit report. Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose Auto Home Search and fill in the requested information.
Tax credit can be used as a down payment . The Secretary of the U.S. Department of Housing and Urban Development told REALTORS® gathered in Washington, D.C., that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the first-time buyer $8,000 tax credit as a down payment, a move promoted by NAR. Homebuyer tax credit extended into 2010; expanded to “move-up” buyers. In welcome news for the housing industry, the $8,000 tax credit for first-time buyers has been extended through April 30, 2010 and expanded to offer up to a $6,500 tax credit for qualifying repeat buyers. | Specialization
I specialize in representing my clients in the purchases and sales of single-family residences and income property within the cities of : Blue Island Burnham Chicago Chicago Heights Calumet City Country Club Hills Crestwood Crete Dixmoor Dolton East HazelCrest Evergreen Park Ford Heights Flossmoor Glenwood Harvey Hazel Crest Homewood Lansing Lynwood Markham Matte son. Midlothian Oak Forest Olympia Fields Park Forest Phoenix Posen RichtonPark Riverdale Robbins Sauk Village South Chicago Heights South Holland Steger Tinley Park University Park  | | | When you are buying or selling property in today’s real estate market, it’s important to have confidence in your real estate professional. I have been a member of the National Association of Realtor’s for over 5 years and I am committed to providing my clients with the specialized real estate services they have become accustomed to. Over the years I have found that if you are an informed buyer or seller, you’ll make the best decisions regarding what some consider to be the most important purchase or sale in their My investigation skills are phenomenal, and many people wouldn’t believe the amount of information that can be obtained from just one simple address. (what the home originally sold for, what improvements if any , have been made, tax records, crime statistics, outstanding liens on the property, etc.) I would never encourage a client to purchase a Property that I would not purchase for myself , either to live in or as an investment in the community. I have worked with many clients who live outside of IL., including men and women in the military, who plan on moving or have recently moved to Illinois. If you are considering buying or selling a home or would just like to have additional information about real estate in a certain area, please don’t hesitate to call or e-mail me. Thank you for visiting my website - please consider it as your online source for local real estate information, and return often for the latest property listing updates. Reginald D Avent, Realtor
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"Investors Special"
CHICAGO, IL
Price: $154,900
Bedrooms: 8
Bathrooms: 3
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Reginald Avent, Realtor
2025 W Granville
CHICAGO, IL 60659
773-401-6872
F: 773-508-0276
Email Me
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