 | Whether you’re buying or selling, this site provides you with a wealth of information that’s unique in Illinois. Browse through our vast list of properties, from basic homes and condos, to our signature homes section —everyone will find something of interest. Here you’ll find a selection of some of Illinoi's finest properties. | As you will soon discover, each home incorporates prime location, elegant design and quality local craftsmanship. For more information about any of these listings, please feel free to contact us, or the sales associate representing the property. | |
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As you read and study about buying real estate, you will often find the words "house" and "home" used interchangeably. There is a huge difference between a house and a home.
A house can be a place to eat, sleep, park your car, and put all your "stuff" (including other family members). It is a material possession and an investment. A home is where you feel comfortable, warm, safe, and protected. |
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| As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. | Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds. But take a second look… | |
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No Major Purchase of Any Kind You see, when determining your ability to qualify for a mortgage, a lender looks at what is called your "debt-to-income" ratio. A debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs, including principal, interest, taxes, insurance, and homeowner’s association fees, if any. It will also include your monthly consumer debt, including credit cards, student loans, installment debt, and….
…car payments.
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(5) Residential Property