Buying a home is often the biggest single purchase you’ll ever make. But it isn’t just choosing a home to buy that’s complicated. You’ve got to think through neighborhood issues, size issues, and cost issues. Buying a home can also include legal issues, construction or building concerns, and have serious tax implications. Financing your home purchase is another big topic of interest for most home buyers. From this topic page, you’ll be able to find articles and videos that help you understand how to balance what you want in a home with what you can afford to spend. You’ll also be able to refine your search about buying a home by using the topic cloud on the right navigation.
By Ilyce Glink| 2017-03-24T09:34:43+00:00 March 24th, 2017|
There are better and worse states to buy a home, much of which has to do with price. First-time homebuyers have a hard time competing in the real estate market, but looking in the right state can make buying your first home much easier. According to a recent study from Bankrate, first-time homebuyers looking for [...]
By Ilyce Glink| 2017-03-09T14:05:17+00:00 March 8th, 2017|
If you're thinking about buying a house in 2017, you might be a Millennial. According to the National Association of Realtors 2017 Home Buyer and Seller Generational Trends Survey, Millennials have begun buying homes. It helps to know who falls into which generation: The eldest Americans are part of the so-called Silent Generation (born 1925 [...]
By Ilyce Glink| 2017-03-01T09:48:41+00:00 February 28th, 2017|
Home prices are rising fairly dramatically, but those eye-popping increases could be unsustainable in 2017. According to the S&P/Case-Shiller index, home prices rose 5.8 percent annualized gain in December, a pretty dramatic increase, even as mortgage interest rates rose. Housing experts say that as the cost of buying a home accelerates, you shouldn't be seeing [...]
By Ilyce Glink| 2017-02-10T16:23:12+00:00 February 10th, 2017|
It turns out that Valentine’s Day isn’t the only good thing about February. The spring homebuying season has kicked into gear and it turns out that this month is actually the best month to buy a home. Homebuyers looking for a deal should act fast. According to data compiled by ATTOM Data Solutions, February is [...]
By Ilyce Glink| 2017-03-24T15:37:40+00:00 November 18th, 2016|
Rising interest rates are on the horizon, according to Federal Reserve Chair Janet Yellen. And, it doesn't look at though Donald Trump's election will change the interest rate forecast. In Congressional testimony, Yellen said that the Federal Reserve plans an interest rate increase "relatively soon." But, mortgage interest rates are already rising sharply. According to [...]
By Ilyce Glink| 2017-06-28T13:39:30+00:00 April 12th, 2014|
My best advice for buying a home, especially if it’s your first home, is this: Don’t do it alone. Consider everything that’s on the line with a home purchase. For most people, a home is the most valuable asset they will ever have and the biggest financial investment they will ever make. While going solo [...]
By Ilyce Glink| 2009-01-19T01:02:03+00:00 January 19th, 2009|
How much of your savings should go toward a down payment? What's the best way to turn the home your renting into a home you'd like to buy? WGN's Money Saving Expert Ilyce Glink answers questions from the Mailbag about buying and selling real estate.
By Ilyce Glink| 2009-01-06T21:48:56+00:00 January 6th, 2009|
What is a HUD-1 Form in real estate? The HUD-1 Form is a record of all money spent during the purchase of a home. Appraisals and other services are listed on the HUD-1 Form and many are tax deductible items. Learn more about HUD-1 Forms from this Expert Real Estate Tips segment.
By Ilyce Glink| 2008-12-19T00:00:00+00:00 December 19th, 2008|
In a short sale, a bank agrees to let a homeowner sell a home for less than what the homeowner owes the bank on the mortgage. But what happens when a short sale falls through -- when the home seller changes his mind at the last minute? The short sale buyer may lose money on an uncompleted short sale. The short sale buyer should contact a real estate attorney to understand his rights.
By Ilyce Glink| 2008-12-18T21:00:41+00:00 December 18th, 2008|
How much down payment is required to buy a home today and how does location and house price affect your down payment requirements? Learn what percent of the house price you will need as down payment when buying your new home in this Expert Real Estate Tips segment on down payments.