StartingPoint Realty Blog
Plan Now for Your Chicago Home Purchase
If you're hoping to buy your first Chicago home in the upcoming year or so, you should start planning today! Home buying isn't an overnight process, and the better prepared you are, the better your chances of success. Here are steps you can take now to make your home...
Improving Equity in Your Chicago Home
When buying your first home, you may not be thinking about building equity. After all, you have your hands full with the Chicago home search, the mortgage approval process and myriad closing details. Future equity doesn't seem as important. Yet the perfect time...
5 Reasons to Buy Your Chicago Home During Fall!
When the days are shorter, the weather is colder, and mortgage interest rates are below 4%, conditions for buying a Chicago home are darn near perfect. Statistically, fall is the best time to be a home buyer, and these are the top reasons why! 1. Less...
Most Homeowners Are Pretty Darn Happy
Earlier this year, we talked about home buyer remorse and the most common regrets buyers have expressed. While buyer's remorse can happen, it shouldn't overshadow the fact that most homeowners are darn glad they bought a house - and the vast majority would not return...
Mortgage Rule Change Could Help Chicago Condo Buyers
If you are buying a Chicago condominium in the near future, there's good news - the Federal Housing Administration is going to make mortgages easier to approve for these purchases. This is encouraging for first-time home buyers who found themselves practically locked...
3 Market Indicators Chicago Home Buyers (and Sellers!) Should Know
Real estate professionals love statistics! Most of the statistics you see in the news talk about average home sale prices and the number of home sales taking place. While these are insightful metrics, there are three more statistics that are very useful to Chicago...
Chicago Named One of the Best Cities for Home Buyers
Quick quiz! Name a major U.S. city with global culture, world-class entertainment, a variety of industry, a vast waterfront, excellent public transportation and affordable housing! The answer is...Chicago! Yes, that's right! While Chicago has big-city amenities and...
3 Reasons Chicago Home Buyers Need a Mortgage Pre-Approval
The Chicago real estate market is less frenzied this year, and buyers may be tempted to take shortcuts in the home buying process. But there are three good reasons why a mortgage pre-approval remains essential! 1. A mortgage pre-approval will evidence any significant...
Common First-Time Home Buying Challenges Faced by Millennials
Millennial home buyers have caught some bad press over the years for being late to the home buying party. But as any adult under the age of 40 can probably tell you, the housing market hasn't given them an even shake. Here's a look at some of the real challenges young...
Slowing Home Price Growth Good News for Chicago Buyers
The Chicago real estate market is slowing down as home buyers balk at pricey properties. Single-family home values increased just 1.8% in April 2019 in the Greater Chicago area, according to the S&P CoreLogic Case-Shiller price index. Narrowing it down to the City...
What Cook County Homeowners Should Know About Property Tax Assessments
Cook County will be re-assessing property values throughout the north and northwest suburban area during 2019. Adjustments to property value assessments are performed once every three years. If your home has increased in value since the last assessment, due to...
First-Time Home Buyers Could Face Tougher FHA Mortgage Underwriting
Mortgages secured by the Federal Housing Administration could become harder to get for some first-time home buyers. FHA loans have long been the popular choice for first-time buyers, because they allow low down payments, lower credit scores and higher debt-to-income...
What Chicago Home Buyers (and Sellers!) Should Know About CLUE Reports
You may not realize it, but insurance companies have a shared database that they use to determine what kind of risks that you, and your property, present to their business. This database is called the Comprehensive Loss Underwriting Exchange, also known as...
Cook County Homes Among Most Affordable for Home Buyers
Chicago homes aren't exactly cheap. But compared to other major U.S. cities, home prices in the Windy City are generally within reach of household earning power. Here's the research from ATTOM Data Solutions, as published in Crain's Chicago Business, along with our...