Need advice on buying a home

[Eric Knight]

I am about to be a first time buyer, don't have the money for a down payment but I have very good credit and the bank has agreed to finance me 100%. The problem I have is my niece wants me to buy her house at a deeply discounted rate in fact she's even willing to take a $30,000 loss to to sell it fast, it's a very nice spacious 4 bedroom home for $130,000 in an area where houses sell for close to $200,000 but it's in Chicago where they have gone crazy as far as property taxes are concerned. I was looking to move just over the border to Indiana where the cost of living is cheaper. I'm not sure if take the good deal or go to Indiana where I'd rather be. Your thoughts