I am assuming that your questions refers to either buy a home o rent ..... now this depends very very much on the location, assuming you are looking in Elgin.... and how large a property you need....
Then would this be your first home, you will have to understand that you will have to do repairs to a home, as you go through the years of ownership, you need a nice amount of down payment to buy a property, you need to get a loan, therefore a lender has to pre qualify and then pre-approve you, your credit, your income and your other obligations like car payments are all taken into consideration to
determine how much money you can borrow and therefore the purchase price! Then you can think if
what you can afford to buy fits your needs.
So it very much depends on your financial standing, and also for how long you want to stay in the home, once you buy it.... Since there are so many things to consider and think about, you should never do this on your own, you need an experienced Realtor on your side to as well as a good loan officer, and between the two of them they will guide you to the full understanding of the process and also figuring out, what you can rent and for how much and what you can buy, closing costs, maintenance costs, taxes and loan payments and association fees if you should consider buying a condo or townhouse with an association.
If you need the recommendation of a good Realtor in Elgin, let me know and I gladly recommend
a good partner agent to you as well as a good lender, so that when you decide what to do you will
be making a very well educated decision.
Let me know how else I can help. :)
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)