Please remember: Buying a home is not just about finding properties on-line.
Trust your life's - possibly - biggest financial deceision to a professional Realtor who will represent your interests. We, here at Choice Real Estate Brokers, have dedicated more than 25 years to our trade, developing top level expertise in handling our clients' needs.
We don't take your real estate needs lightly, and neither should you.
Owning real estate is still considered the pinnacle of the American Dream. It is a sign of establishing roots, preparing a financial nest egg, having the stepping stone to move into new endeavors. And as property owners, selling your property is the means – the fuel – of accomplishing greater plans; be that personal, financial or otherwise.
Here are three good reasons to own your residence:
Equity. When you pay rent, you are paying your landlord's mortgage or adding equity to his or her bank account. However, when you have a home mortgage, you increase your degree of ownership in your home with every payment. In the event that equity in the home grows to more than a 20 percent loan-to-value ratio, you will be able to borrow against your equity in the home to fund major purchases such as your child's education, investing in your personal business, or even buying a second piece of property. If interest rates drop, you can refinance your mortgage at more favorable rates., or, once you've paid the entire mortgage off, borrow against the equity in your home.
Tax deductions. You can deduct mortgage interest as well as your property taxes. Uncle Sam doesn't give renters this bonus. Not only that, but if you meet certain requirements the IRS won't apply a "capital gains" tax on your profits from the sale of your home. You can keep the first $250,000 in profit you make when selling the home if you're single, or the first $500,000 if married. In addition, those who work from home may be eligible to take deductions for their home office and portions of utilities.
Creative control. You like dozens of pictures on the wall? Well, hammer away -- they are your walls now. Go ahead and paint them mango! Wish you had another room? Go ahead and add one.