To buy a house in the United States as a non-Chicago resident, first research local markets to understand neighborhood dynamics, property taxes, and zoning laws. Secure pre-approval for a mortgage through a lender to determine affordability. Partner with a licensed real estate agent familiar with Chicago’s unique regulations, such as the Chicago City Council’s rent control policies and Cook County’s property tax assessments. Make competitive offers considering market trends; Chicago’s inventory shortages since 2020 have driven up prices by 23% (Redfin, 2023). During closing, expect Illinois-specific costs like a 0.4%–1.5% real estate transfer tax and prorated utility fees.

This process demands localized knowledge because Chicago’s housing market differs significantly from national averages. For instance, the median home price in Chicago was $535,000 in 2023, 15% higher than the U.S. average of $467,000 (Zillow, 2023), reflecting its competitive buyer’s market. Non-residents must also navigate Illinois’ 6.25% sales tax on closing services and potential lead paint disclosure requirements. Pre-approval is critical, as 72% of Chicago buyers obtained mortgages before house hunting (National Association of Realtors, 2022), ensuring financing aligns with offer amounts. Real estate agents play a pivotal role: 89% of Chicago buyers used an agent in 2023, with 63% citing their expertise in navigating the city’s complex inspection protocols and historic preservation districts (Chicago Association of Realtors, 2023). Ignoring these steps risks overpaying or facing unexpected costs, underscoring the need for thorough preparation and professional guidance.