In many markets, homes appreciate on average about 4 or 5 % a year. Some years will be more, some less, depending on the market place. Your rate of return when buying a home is higher than almost any other investment you could make.
Of course, you are making mortgage payments and paying property taxes, along with a couple of other incidental costs. However, since the interest on your mortgage as well as your property taxes is tax deductible, the government is essentially subsidizing your home purchase. That means all of the interest and property taxes you pay in any given year can be deducted from your gross income to reduce your taxable income.
When you rent a place to live, you can certainly expect your rent to increase each year. If you get a fixed rate mortgage when you purchase a home, you have the same monthly payment amount for thirty years. Imagine how much home rentals might be 10, 15, or even 30 years from now? Moreover, why would you want to pay someone else’s mortgage for them? A home purchase is one of the greatest investments you can make.
WHY YOU SHOULD CHOOSE ME AS YOUR BUYERS AGENT:
When it comes to having a successful “buying” experience, it is all about the details; so here is what I have to offer you:
Phone Interview: During our telephone conversation, we will talk briefly about the sales process. You are then instructed to contact a lender/mortgage broker who will help you figure out how much of a house you are comfortable purchasing. In other words, the actual payment must fit into your personal budget.
Initial Consultation: At our first meeting, I will go over the home buying process and explain the current marketplace conditions. I consider this an educational meeting where you learn about the process and how I am able to assist you. Information is gathered regarding the location and specifics of the property. A search in the Multiple Listing Service (MLS), which is far more reliable than Internet site, is setup to your specifications and automated emails are sent directly to you that meet these exact specifications.
Touring Properties: Once you have found one or more properties that meet your needs, then we will visit them together. I will help you analyze the property and then make suggestions on improvements.
Making an Offer: After you have selected a property, we will work together to formulate an offer. I research the MLS and will pull together comparables of similar properties that have sold in the area. An offer is then put together for submission to the seller, which includes inspections and an appraisal. My negotiation skills are crucial in helping you prevail with a favorable contract. Once under contract, I will assist you in keeping on track with the timelines in the purchase offer.
Settlement: Once all of the aspects of the purchase offer are complete, we will attend settlement conducted by a title company. At the settlement table, all of the pertinent legal documents are signed and the keys are exchanged. You now own your home!