Buying wins! At least here in our Northwest Suburban Chicago Area. Hoffman Estates home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. If you are a buyer why not take advantage of this opportunity?
Ok, you're skeptical, here is more ammo that purchasing is a great idea!
| Trulia's report in which they discovered that buying is better than renting in 74% of major U.S. cities! |
| Homeownership in Chicago Cheaper Than Renting - Chicago is among 12 metro areas where it is cheaper to own a home than to rent, according to a recent Wall Street Journal survey (Stronger Lure for Prospective Homebuyers) comparing monthly mortgage payments on a median priced home—including taxes and insurance—to average rent levels. |
But the current Hoffman Estates market situations gives you as a buyer great opportunities that have never been seen before. Homes that you could at one time not afford are now within reach!
A few reasons to see if owning a home is a possibility:
1) Let's face it 'sitting on the fence' leaves marks - ugly ones doing damage to your derriere and possibly your wallet too.
2) Getting pre-qualified is not painful at all nor time consuming. Explaining your financials to a qualified loan officer takes a short amount of time so you can see if it's even possible. I work with many qualified and dedicated people that would love to help get you started.
3) You might qualify for perks like a community grant for first time home buyers.
4) Do you know what your credit report says? If some 'credit irregularities' or 'blemishes', as we like to call them, are 
found on your credit report you can begin to get those taken care of to make your path to ownership easier. This unfortunately takes time. A qualified loan officer can help you with a 'game plan' to work on increasing your overall credit score too.
5) Did you know that your interest rate and other variables are now based on your FICO score? Not knowing what your score is could be costing you money!
6) It gives you peace of mind and financial stability. You know what your payments are going to be for the long haul rather than rents that increase every year.
Here is also a quick Rent or Buy Calculator that will help you get started now.
After you've done some of this preliminary homework and crunched some numbers, give me a call and we can proceed to the next step.
I'd be happy to help you find your new Hoffman Estates home - large or tall, big or small.
Lyn - I agree! In my area it's cheaper to buy and pay a 30 year fixed mortgage than it is to rent. And when all is said and done you have nothing when you rent. This is the best time for first time home buyers - the rates have never been lower and there are so many great deals to be had!
Lyn,
I don't need a home or even want one. But after reading this post I feel like I'm supposed to! lol. Nicely done.
Lyn, Now is a great time to buy and Hoffman Estates sounds like the perfect place to be ~ Btw, I like your format on your site...it's very easy to read.
Sheila
Kristine: I hope that more people can take advantage of these great rates.
Greg: Thanks.
Sheila: Thanks.