The true cost of buying a home involves more than just the home’s list price. There are a variety of hidden costs of buying a home that home buyers need to budget for. Here are five hidden costs of home buying that every home buyer should know about. 1. Property Taxes Property tax… Continue reading Hidden Costs of Buying a Home
If you’ve done your homework and you’re working with a responsible lender and real estate agent, you know that the cost of buying a home includes more than just the home’s list price. The closing process has its own set of fees you need to account for when you’re setting your home buying budget. … Continue reading What Exactly Is Included in Closing Costs?
After months, and sometimes years, of searching for the perfect home, reaching the closing table can feel like a relief. And while getting here does put you one step closer to owning your dream home, there is still a considerable amount of work to be done before the deal is sealed. Like all things in real… Continue reading The Closing Process: A Step-by-Step Guide
Understanding the home buying process can feel a bit like learning a different language. From debt-to-income ratios, to inspection contingencies, to escrow, each step of the process has its own vocabulary to learn. Once you get to the closing table you’ll start to hear a lot of talk about escrow. But what exactly does… Continue reading What Does Escrow Mean When it Comes to Buying a Home?
Remember that line in Clueless? “She’s a full-on Monet […] It’s like a painting, see. From far away it’s okay, but up close it’s a big ol’ mess.” Houses can be like that too, and a home inspection is your last chance as the buyer to find out what you’re really signing up for… Continue reading What to Expect During a Home Inspection
As a first-time homebuyer, the list of additional fees and transactional expenses at the closing table can be surprising. Homeowners insurance is perhaps the most important (and expensive) additional payment you’ll encounter at closing. NerdWallet reports that home insurance costs an average of $1,631 per year. This may seem like a hefty sum, but… Continue reading What Does Standard Homeowners Insurance Cover?
Throughout Illinois (and nationally) home sales and their prices continue to rise and home inventory remains low. This is what’s known as a seller’s market and the competition for homes is steep. As a homebuyer, it can feel impossible to stand out against strong bids and all-cash offers. Here’s how to make a competitive… Continue reading Tips For Making a Competitive Offer in a Sellers Market
Holiday bonuses tucked away, skipped nights out, vacations put on hold, preparing to buy your first house involves sacrifice and commitment. It’s not a decision to be entered into lightly. And while buying your first home is an exciting proposition, it can also be intimidating, time-consuming, and overwhelming. Finding the right home starts by… Continue reading First-Time Homebuyers Checklist: 3 Steps to Determine Wants vs. Needs
There’s good news for first-time homebuyers in Illinois. National, state, and county-specific programs are available to help make your homeownership dreams a reality. The Zimmerman Group’s agents have compiled a list of resources for first-time homebuyers in Illinois. It’s the perfect starting point on your journey to find financing solutions that align with your… Continue reading Resources for First-Time Home Buyers in Illinois
Chances are, you’ve been dreaming about and saving for your first home for quite some time. It makes sense, after all, for many American’s buying a home is the single largest purchase they’ll make in their lifetime. And while it’s one thing to know what you want in a house, it’s another thing to know… Continue reading How to Set a Home Buying Budget