It’ Still a Great Time to Buy A Home

It’s Still a Great Time to Buy a Home

A National Association of Realtors survey reveals that most people feel that buying a home is a good financial decioion.  If you are considering a purchase, contact me and I will get you started on the path to home ownership.

Colleges are Buying Land

With prices so low, colleges are buying land , even if they don’t plan to use it in the near future.

It is STILL a Good Time to Buy a Home

Despite what we read and hear, it is still a good time to buy a home.  Here are some reasons: 

Tax Breaks: Home owners can deduct the interest on their mortgage, property taxes paid, and points paid on their loan at closing.

Increase in Property Value: Most investments fluctuate and real estate has proven to be no exception, but long-term trends have always shown real estate values to increase over time.  A real estate investment is one of those long term investments.

Equity: Your monthly mortgage payments allow you to pay down the principal balance of your home loan, thus increasing your equity. This is a benefit not offered to a renter.

Savings: Building equity in your home is an easy way to save.

Freedom: Tired of the same white colored walls in your rental apartment? When you own a home, you have the freedom to decorate and upgrade your home to your heart’s desire. Renovations, depending on the improvement, will add value to your home.

Predictability: If you obtain a 30-year fixed mortgage, you know that your monthly payments will not increase over the next 30 years. As an extra advantage, if mortgage rates decrease, you may be able to refinance and lower your monthly payments!