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Buyers Home Tools
Advantages Of Owning Your Home
The typical homeowner’s net worth ($205,200) was 49 times that of the typical renter ($4,200) in 2008, according to National Association of REALTORS® calculations using statistics from the Federal Reserve Board. Owning a home is one of the best ways to build long-term wealth, providing both equity accumulation and tax benefits over time. There are many personal and financial benefits to owning your own home.
What Illinois Buyers Are Saying
Why I Buy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Unlike reports that rely exclusively on home sales and price data, Why I Buy explores the home buying experience by conducting live telephone interviews with recent buyers. As the Voice for Homeowners in Illinois, we hope to provide a more complete picture of the home buying process by listening to those who know it best.
Steps to Prepare for Homeownership
Choosing A REALTOR®
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are twelve reasonswhy it pays to work with a REALTOR®.
- Why You Should Work With A REALTOR®
- How To Choose A REALTOR®
- Questions To Ask When Choosing A REALTOR®
- REALTORS® Help Buyers Make Smart Decisions
Get Your Finances In Order
First-Time Homebuyers
Short Sales
Property Taxes, Insurance, Home Warranty
Appraisals, Home Inspections, Mold, Lead, Radon And More ...
- Why You Should Have A Home Inspection
- What A Home Inspection Should Cover
- 10 Questions To Ask Home Inspectors
- What Not To Overlook On A Final Walk-Through
- Common Closing Costs For Buyers
- Closing Documents You Should Keep
- Mold, Moisture & Your Home
- Lead Awareness Program
- Radon FAQ's
- Illinois Mine Subsidence Insurance Fund
- Fair Housing, The Illinois Fair Housing Initiative
Pros and Cons of Going Condo
Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle. But before you buy, make sure you do your legwork. There are some of the important elements to consider.