Property Tax Credit Illinois

Property Tax Credit Illinois

Question: Should my husband and I buy a $101,000 tiny home (in a very nice neighborhood)?

We rent and hate it. There’s a very small home for sale close to both of our places of employment and it’s only $101K. It has 3 BR and 1 Bath and a 2 car garage. No basement (we live in Illinois so those are precious), but we’ve lived without before. We currently pay $850 a month for rent in a townhouse that is subpar, but bigger than the home. We both have substantial student and car debt, however, we desperately want to quit renting. We have great credit scores and can be approved for a decent loan. No down payment though. We talked to an advisor who said it would be about $650 per month (with property taxes added in) mortgage payment. Is it worth it???




Answer: Hi,
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Home sales up: But has the Berwyn market recovered?

Joel Ramirez said a buyer’s market, not an $8,000 federal tax break, encouraged him to buy a home in Cicero this year.

Homes For Sale Champaign | Urbana Illinois Real Estate




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