Buying a Home in Arlington Heights

Arlington Heights, located just northwest of Chicago, is a vibrant and thriving community that offers residents a unique blend of urban and suburban living.

Arlington Heights has something to offer everyone. The village has everything you need to live a comfortable and fulfilling life, from excellent schools to the abundance of parks and recreational activities to a diverse and robust economy.

In this article, we'll share about all the awesome reasons why Arlington Heights is a top-notch neighborhood to call home, and we'll dish out some expert advice to help you navigate what to consider when buying a home in Arlington Heights. Let's get started!

Whether you're looking for a starter home or your dream house, buying a home in Arlington Heights is an excellent decision.

Arlington Heights is located just northwest of Chicago, meaning you can experience all the perks of living in a peaceful area without sacrificing the excitement and opportunities that a big city has to offer. With such close proximity to Chicago, you'll have easy access to job opportunities, cultural happenings, and fun activities to enjoy in your free time. It's the perfect blend of suburban tranquility and urban convenience!

Arlington Heights offers an excellent school system with highly-rated public and private schools, emphasizing education for all residents.

Arlington Heights has a large number of parks and recreational areas, including the Arlington Ridge Center, which features a swimming pool, ice rink, and a variety of sports fields and courts. Additionally, the village has a number of community centers and other facilities that offer a wide range of recreational activities.

These are some of the most popular neighborhoods in Arlington Heights, each with its own unique characteristics and amenities.

The Arlington Heights Historic District is one of the village’s oldest and most historic neighborhoods, with a number of well-preserved Victorian and Craftsman-style homes. The neighborhood also features a variety of other architectural styles, including Colonial Revival and Prairie-style homes. The Historic District also boasts beautiful tree-lined streets and is considered one of the most sought-after neighborhoods in the village.

Northgate is a well-established neighborhood with a variety of homes built in the 1950s, 60s, and 70s. It is known for its mature trees, serene streets, and friendly neighbors. The neighborhood is also home to Northgate Park, which offers a playground, sports fields, courts, and a walking trail.

Heritage is a relatively new neighborhood, with homes built mainly in the 1990s and 2000s. The neighborhood features a variety of architectural styles, including Colonial and Traditional, and many homes boast large backyards. The friendly community offers numerous amenities like playgrounds, parks, and a pool.

Rolling Green is one of the most desirable neighborhoods in Arlington Heights, known for its spacious properties and large, well-manicured lawns. The neighborhood is home to the Rolling Green Country Club, which offers a golf course, swimming pool, and tennis courts. Many of the homes in Rolling Green are custom-built and feature a variety of architectural styles.

The Central Business District neighborhood is located in the center of the village and features a variety of housing options, including high-rise condos and lofts. This neighborhood has walkable access to the downtown area, full of shops, restaurants, and entertainment, making it perfect for urban dwellers and people who wish to live in the center of the action.

The median house price in Arlington Heights is around $412,667. However, prices can vary depending on the location, size, and condition of the house, as well as the current real estate market.

Closing costs typically include loan origination fees, title insurance, appraisal fees, and recording fees. In Illinois, closing costs average around 2-5% of the purchase price.

Property taxes in Arlington Heights are relatively high, as is typical for Illinois. The property tax rate is around 2.3% of the property's assessed value. This can vary depending on the location and value of the property, as well as any local tax assessments.

Each type of loan listed below has its own specific conditions, benefits, and limitations. It's recommended to research and compare options before making a decision.

Conventional loans can be either fixed-rate or adjustable-rate and have a variety of terms, such as 10, 15, 20, and 30 years. Conventional loans typically have stricter credit requirements and higher down payment requirements than government-backed loans but generally offer lower interest rates.

FHA loans are government insured and usually have lower down payment requirements than conventional loans. Generally, for first-time home buyers or those with lower credit scores or income, the minimum down payment for an FHA loan is typically 3.5% of the purchase price, although this can vary depending on the lender.

This mortgage loan is guaranteed by the Department of Veterans Affairs (VA). These loans are intended to help eligible veterans, active-duty military personnel, and certain surviving spouses purchase homes.

Remember that buying a house is a significant investment, so it's essential to do your research before making an informed decision.

Comparing mortgage rates from various lenders is an excellent way to save money over the long term of your loan. Checking rates from different banks, credit unions, and online lenders is advisable. It's crucial to not only look at the interest rate but also examine the fees and terms of each loan.

Your credit score is one of the most important factors lenders consider when determining the mortgage interest rate they'll offer you. Improving your credit score can significantly affect the rate you’re given.

A commission rebate implies that the agent will give back a part of their commission to the buyer, which can then be utilized to help pay closing costs or other related expenses. Be sure to negotiate this in advance with the agent, as it will also depend on current market conditions.

With its proximity to Chicago, excellent schools, abundance of recreational activities, vibrant downtown area, variety of housing options, strong sense of community, and growing economy, it's easy to see why so many people are choosing to call Arlington Heights home.

With the help of the GetBurbed team, finding your dream home in this vibrant village can be an easy and enjoyable experience. Led by Holly Connors, one of Chicagoland's top residential real estate brokers, the team is dedicated to working with integrity, honesty and quality service, while helping home buyers navigate the market.

The team at GetBurbed has extensive knowledge of the local market and the wide range of properties available in Arlington Heights. They will work closely with you to understand your needs and preferences and help you find the perfect home. Whether you're a first-time home buyer or an experienced investor, the team will provide expert advice and guidance and help you make an informed decision. With the GetBurbed team, you can be confident that you'll find your home sweet home in Arlington Heights.

Frequently Asked Questions About Buying a Home in Arlington Heights

 

What makes Arlington Heights a desirable place to live?

Arlington Heights is renowned for its vibrant community, excellent schools, and diverse housing options. The Arlington Heights real estate market offers a mix of condos, single-family homes, and more, making it an ideal location for families, professionals, and individuals alike.

 

Are there condos available for purchase in Arlington Heights IL?

Absolutely! Arlington Heights boasts a variety of condos that cater to different preferences and budgets. Whether you're looking for a cozy condo or a more spacious unit or just looking for great investments, Arlington Heights has options that suit your needs.

 

How can I find Arlington Heights condos for sale?

Finding condos for sale in Arlington Heights IL condos is easy. You can start by browsing online real estate platforms, working with a local real estate agent specializing in Arlington Heights, or visiting open houses in the area. Keep an eye out for our listings featuring Arlington Heights condo options.

 

What about single-family homes for sale in Arlington Heights, IL? 

Arlington Heights offers a plethora of single-family homes, ranging from charming residences to modern constructions. To explore the available single-family homes for sale, connect with a local real estate expert or utilize online platforms showcasing Arlington Heights houses for sale.

 

Tell me more about Arlington Heights real estate?

Arlington Heights real estate is dynamic and caters to various preferences. The market includes condos, houses, and townhomes. Whether you're a first-time homebuyer or looking to upgrade, Arlington Heights has a diverse real estate landscape to explore.

 

How fast can I sell my house in Arlington Heights? :

The speed of selling your house in Arlington Heights depends on various factors, including market conditions, property condition, and pricing. Working with an experienced real estate agent who knows Arlington Heights well can help streamline the process. If you're looking to sell your house fast in Arlington Heights, we can assist you with strategic marketing and pricing strategies. Information should be independently reviewed and verified.

 

What are the current trends in Arlington Heights real estate?

Arlington Heights real estate trends fluctuate, influenced by market conditions and buyer preferences. To stay updated, consult with Holly Connors broker and seasoned real estate professional familiar with Arlington Heights. They can provide insights into market trends, pricing strategies, and the best times to buy or sell in the area.

 

Where can I find detailed information about Arlington Heights houses for sale?

Detailed information about houses for sale in Arlington Heights can be found on various online real estate platforms like us, or through local real estate agents, and at open houses. We recommend you explore Getburbed for more of our improve Arlington Heights listings for comprehensive house information and details on available properties, including single-family homes, condos, and more.

Additional Information:

• Some notable addresses in Arlington Heights include 151 W Wing, 2526 E Hunter, 2419 S Goebbert Rd, 1 S Highland Ave, and others.

• Listings with price are submitted to the MLS, and information is obtained from various sources including Core Realty Investments Inc, Coldwell Banker, and Chicagoland Brokers Inc. and must be verified by broker.

• Please note that house information is subject to change without notice and should be independently verified for accuracy.

• Data is obtained and verified by the broker. Listings may not be listed or may be subject to change based on information submitted.

• For specific details on properties like prices condos or , contact the office agent presenting the information or the listing agent directly.

Remember, for personalized assistance and a smooth home-buying experience in Arlington Heights, consult with a Top Real Estate Brokers in the Northwest Suburbs of Chicago Holly Connors with a deep understanding of the Arlington Heights real estate market. Contact GetBurbed Today!