Don't Go It Alone: Choose a REALTOR® as Your Real Estate Partner -
Buying and selling a home is an important transaction. It is essential that you work with a licensed REALTORS® in the state of Illinois to represent your best interests. Your Illinois REALTOR® understands the real estate market in your community. REALTORS® have the expertise to set the right price and it’s their job to take care of the many details associated with buying or selling a home, keep this complicated process on track, and help avoid delays and costly mistakes.
Download this brochure which highlights the experience and expertise that comes with using a REALTOR® (pdf)
9 Facts You Should Know About Illinois Real Estate
The combination of lower home prices and historically low mortgage rates has made housing exceptionally affordable relative to household income.
Mortgage rates remain at historic lows but this scenario can’t last forever. A quarter percent change in the interest rate can mean tens of thousands of dollars in costs over a 30-year mortgage. For example, an increase from 5 to 6 percent on a 30-year $200,000 loan can change the monthly payment of principal and interest by $125, an increase of 11.6 percent.
Read the other seven facts online at yourillinoishome.com
Your Illinois Home / YourIllinoisHome.com / Illinois Association of REALTORS
Looking for financing options to purchase a home?
There are multiple mortgage products on the market to assist buyers in obtaining the right financing.
Check Out these resources online:
http://www.yourillinoishome.com/finance.htm
Illinois Housing Development Authority programs at:
www.ihda.org
Veterans Administration Home Loan Program
www.homeloans.va.gov
FHA Loan programs
Since 1934, mortgages insured through the Federal Housing Administration (FHA) have helped millions of people buy a home
http://www.hud.gov/buying/loans.cfm
USDA Rural Development Single Family Housing
www.rurdev.usda.gov/HAD-Guaranteed_Housing_Loans
Laws and regulations
There are numerous laws and regulations affecting buying and selling property in <st1:state w:st="on">Illinois. It's important to have an Illinois REALTOR® assist you in a real estate transaction. Here is a link to some important laws affecting the sale of real estate in <st1:state w:st="on">Illinois.
Illinois Real Estate Legal Issues
Other important resource links:
www.yourillinoishome.com
www.houselogic.com