First-Time Home Buyer Realtor in Chicago's South Suburbs

What does a first-time buyer realtor do for you?

Nia works with buyers across the south suburbs, including Calumet City, Chicago Heights, Dolton, and Hazel Crest. For a first purchase, that means:

• Explaining each step before you start, from pre-approval to closing.
• Estimating the full monthly cost of a home, using its assessed value and your own exemptions rather than the seller’s tax bill.
• Touring with you, writing your offer, and negotiating repairs or credits after the inspection.
• Working with your lender and your attorney through attorney review and closing.

How do Cook County property taxes change your payment?

Property taxes are part of your monthly payment, so estimate them before you choose a house. Four points catch first-time buyers in Cook County, explained in Nia’s property tax guide:

• The seller’s exemptions don’t transfer to you. A long-time owner’s bill can understate what you’ll pay.
• Your rate depends on your address. Each bill combines the rates of every taxing district the home sits in, so similar homes in neighboring towns can carry different bills.
• The homeowner exemption doesn’t apply itself. Once the home is your principal residence, apply for it. It doesn’t follow a change in the names on the deed.
• Illinois bills a year in arrears. At closing, the seller typically credits you for taxes covering their time in the home that haven’t been billed yet.

Which down payment programs should you check first?

Start with the Illinois Housing Development Authority. IHDA’s programs work through an “IHDA Mortgage Approved Lender,” and household income and purchase price limits apply, according to IHDA. Some are open to repeat buyers, and some first-time programs also accept eligible veterans or purchases in targeted areas. Some require homeownership education before closing.

Program amounts change, so ask your lender which programs you qualify for today, and whether they’re IHDA approved.