Home Houses for Sale Homes for Rent 1st Time Buyers Investors Rent to Own Before & After
The First Step
The first step in purchasing a home is not finding one you
like.
Why? If you are serious about buying a home, you need to
know what you can afford. Don't waist your time
looking at houses until you know you can buy one. Also, if you
fall in love with the perfect house and need to act quickly, your offer
will be considered more seriously if it is accompanied by a
pre-qualification letter from a lender. I require Home-Buyers to
obtain a pre-qualification letter before I will show them one of my
houses. This practice is pretty standard among real estate agents
as well. Would you like to be added to our list of home-buyers?
Escape the rent trap and start creating wealth for your future
At the end of 5 years paying rent on time, you have had a place to live
and gained a stack of receipts. If you were buying a home during
that same time period you would have had a place to live and most
likely earned tens of thousands of dollars in equity.
- Your home increases in value (appreciates) over time. If
it's worth $150,000 when purchased and $195,000 fifteen years later,
your networth has increased $45,000 for no other reason than you owned a house rather
than rented one.
- You pay less to Uncle Sam when you are buying a home because interest payments are tax deductible.
- When you rent your monthly payments increase over time. When you
buy using a fixed rate loan, the mortgage payments stay the same except
for increases in real estate taxes and insurance.
- Eventually you will have no mortgage payment. Every
homeowner should plan to have their home paid off before retirement, so
that when income decreases living expenses decrease.
Make choices that lead to home ownership. It's a good move.
We could put you on a list of home-buyers so that you would be notified
of houses you might be interested in seeing. To be added click
here.