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Planning on buying a new house, where to start?
We are planning on buying a new house in northwest suburbs of Chicago. This will be our first house. I started looking for houses on www.redfin.com . I would like some recommendation from you guys about where to start and how to approach this whole buying process.
Best place to start is with 20% in your bank account first, minimum.
Figure out what you can afford after considering taxes and other crap (maintenance, HOA dues).
After that go to the bank. Make sure you can qualify for the type of loan you want.
THEN look at houses.
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I just got my B.S. in Electrical Engineering and working full time. I can say that I have a good job. And I will have way more than 20% in my bank account. I have thought a lot about it and then decided that this is the time to buy a house.
Interview friends and others who have worked with a good real estate agent and begin working with an agent to find what you need and want and where it's located. Then study that market and look for a home that you'll like.
If you want to go browsing in areas without leaving the computer, try zillow's for sale, as they have home pics in and out with the description of sq ft and schools.
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