Deciding whether to rent or to buy a house can give first time home buyers a headache. Perhaps they are not ready with the responsibilities of owning a home so the next option is to rent. However, they might have read an online real estate advice that says, 'Today is the right time to buy a property'. Even real estate agents and Realtors say opposite things. As a first time home buyer who is clueless about the real estate market, everything is confusing. All you want is to buy a house and a real estate agent who can guide you with all the financial, legal, physical, and emotional considerations. If you're clueless and confused about what everybody is saying, who do you turn to - the one that knows what home buying is all about?
This is true, in many ways home buying can get confusing sometimes plus the fact that even experts have different views regarding home buying in today's real estate market. However, there still remain widely accepted facts that every first time home buyers need to know. You can be clueless since you have just begun a new life but to remain as a clueless buyer is a tragic story.
Fact #1 - Buying a home is a great investment. So, congratulate yourself from achieving everyone's dream of owning a home not because it's everybody's home, but because it's from years of hard work.
Fact#2 - A home is an investment in the future. It brings a sense of pride, security and stability, as well as immeasurable satisfaction and pleasure to the homeowner.
Fact #3 - You can enjoy tax deductions. Most of the interest you pay on your home mortgages interest and property tax obligations is tax deductible.
Fact #4 - A home is like a savings account where you build equity and as you continue to pay your mortgage, you can get that money back when you sell or even borrow to take advantage of your home equity loan.
Fact #5 - Buying a home builds your credit. It allows you to rebuild your financial standing that ascertains your reputation for lenders when you make another property purchase. A strong credit history means that you can borrow or secure a loan to pay for college, home improvements, take a grand vacation, or even buying another investment property.
Buying a home is risky. You might have enough money to pay for your mortgage monthly, but we don't know about the future. The economy is unstable and can fluctuate anytime. However, it's worth risking because of the returns and the benefits that you'll be enjoying as a homeowner.
This is true, in many ways home buying can get confusing sometimes plus the fact that even experts have different views regarding home buying in today's real estate market. However, there still remain widely accepted facts that every first time home buyers need to know. You can be clueless since you have just begun a new life but to remain as a clueless buyer is a tragic story.
Fact #1 - Buying a home is a great investment. So, congratulate yourself from achieving everyone's dream of owning a home not because it's everybody's home, but because it's from years of hard work.
Fact#2 - A home is an investment in the future. It brings a sense of pride, security and stability, as well as immeasurable satisfaction and pleasure to the homeowner.
Fact #3 - You can enjoy tax deductions. Most of the interest you pay on your home mortgages interest and property tax obligations is tax deductible.
Fact #4 - A home is like a savings account where you build equity and as you continue to pay your mortgage, you can get that money back when you sell or even borrow to take advantage of your home equity loan.
Fact #5 - Buying a home builds your credit. It allows you to rebuild your financial standing that ascertains your reputation for lenders when you make another property purchase. A strong credit history means that you can borrow or secure a loan to pay for college, home improvements, take a grand vacation, or even buying another investment property.
Buying a home is risky. You might have enough money to pay for your mortgage monthly, but we don't know about the future. The economy is unstable and can fluctuate anytime. However, it's worth risking because of the returns and the benefits that you'll be enjoying as a homeowner.
About the Author:
Buying Real Estate in Pearland Texas can be a very complicated experience given the rising mortgage insurance that reduces qualified home buyers. Get information from Greenwood Indiana Real Estate for mortgage options and buying real estate.
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