Peggy Cain & Sue Kalina

 

 

 

 

 

 The Karen Douglas Realty office is located in Geneva Illinois.

 

 

 

 

Home Buyers Article
10 Tips for First Time Homebuyer

  1. Be picky, but don't be unrealistic. There is no perfect house.

  2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

  3. Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and your closing costs.

  4. Don't wait to get a loan. Talk to a lender and get preapproved for a mortgage before you start looking.

  5. Don't ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

  6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

  7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you'll buy as well as the type of mortgage terms that suit you best.

  8. Don't let yourself be "house poor." If you max yourself out to buy the biggest home you can afford, you'll have no money left for maintenance or decoration or to save money for other financial goals.

  9. Don't be naive. Insist on a home inspection, and if possible, get a warranty from the seller to cover defects within one year.

  10. Get help. Consider hiring a Realtor as a buyer's representative. Unlike a listing agent, whose first duty is to the seller, a buyer's representative is working only for you. And most often, buyer's reps are paid out of the seller's commission payment.

 

 

Illinois MLS Home Search Presented by Geneva Illinois Real Estate Agents Peggy Cain & Sue Kalina
‡ LIBRARY ‡ MORTGAGE 101 ‡ VALUE MY HOME ‡ MLS HOME SEARCH ‡
‡ COMMUNITY INFO ‡ SCHOOL INFO ‡ VIRTUAL TOURS ‡ FEATURED HOMES ‡
‡ OUR SERVICES ‡ CUSTOM HOMES ‡ HOME BUILDERS DIRECTORY ‡ RENTALS ‡
‡ HOMES FOR SALE BY OWNER ADS ‡ HOME LOAN INFO ‡ INTEREST RATES ‡
‡ CALCULATORS ‡ LINKS PAGE ‡ FAQ PAGE ‡ SERVICE AREA MAP ‡
‡ RELOCATING TO ILLINOIS ‡ MINI CD ROMS ‡ ABOUT US ‡
‡ HOME PAGE ‡ CONTACT INFORMATION ‡

Real Estate On The Web: Home Page  Chicago Real Estate Information and MLS Search Tools. Homes and Real Estate in St. Charles IL Geneva Batavia Chicago and the Chicago Suburbs. New Construction and Custom Homebuilder information.

Chicago, Illinois Real Estate Information Presented By:
Geneva, Illinois Real Estate Agents

Peggy Cain & Sue Kalina
Karen Douglas Realty
122 Hamilton Street, Geneva, Illinois 60134

RETURN TO TOP OF PAGE     

 

Contact our webmaster  (Tom@CainRealty.com)  for information regarding this site. Copyright 2005 Tom Cain. This site is updated daily. Neither REAL ESTATE ON THE WEB nor its service providers are responsible for any errors or inaccuracies in the information provided through this web site. Nothing on this web site is intended to be legal advice. Nothing on this web site is intended to be a substitute for real estate advice you should receive from your licensed real estate agents. The MLS real estate data provided on REAL ESTATE ON THE WEB is intended for your personal use only. Commercial use of the MLS real estate data is strictly prohibited. We reserve the right to restrict or refuse access to our site for any reason and at our sole discretion. REAL ESTATE ON THE WEB is not intended to be a solicitation for your business if you have already signed an agreement with another real estate agent to list your home for sale on the MLS. REAL ESTATE ON THE WEB has a terms of use policy. By using this site, you agree to hold REAL ESTATE ON THE WEB and any person or service even remotely connected with REAL ESTATE ON THE WEB harmless for any and all liability. Some of the information on this web site has been copyrighted and may not be copied or used without our written permission.