Many Encouraging You To Buy A Home

Category: Finance, Real Estate.

Most first time home buyers have listened to the advice from friends and family. Often you still wonder if it is the right thing to do.

Many encouraging you to buy a home. The more you think about it the scarier it becomes, but reservations are normal. Income Tax Savings: The government subsidizes your home purchase. Here are five huge reasons that you should buy a home now. It allows you to fully deduct all of the mortgage interest and property taxes paid through the year on your tax return. Savings for The Future: Every month a portion of your payment goes to principal reduction of your loan.

Home ownership is an incredible tax shelter that can save you thousands on your taxes. As your loan balance gets smaller, your equity grows. It depends on your location, but appreciation historically averages about 5% per year. Homes also typically appreciate in value when they are kept up. Many people view owning a home one of the best financial decisions and a hedge against inflation. S Department of Housing and Urban Development reported that inventory of homes on the market at the end of the fourth quarter in 2006 was 5 million.

Plenty Of Inventory: The U. That was a 23% increase from the fourth quarter of 200This is great news for home buyers as with the increased supply you have increased opportunities to find the right home with all the features you want. Right now we are in a buyers market with homes staying on the market longer periods of time before they sell. Two Words- Buyers Market: The housing market has peaks and valleys. That gives negotiating power to the home buyer. History shows that it will not always be that way and the market will swing back. It is a chance for home buyers to negotiate closing costs, home warranties and other concessions from the seller.

The time to buy is now! They want the freedoms that go along with home ownership. The Pride of Ownership: This is undoubtedly the number one reason people buy homes. That means you can paint the walls any color you desire, you can make changes to fixtures and decorate to your taste. You are making an investment in your future. It gives your family a sense of security and stability knowing that you no longer have to move every year.

Read more...

The Main Attribute Of The Riviera Maya Mexico Is The Diversity It Offers To Visitors - Susana Zuck about Finance and Real Estate:

The Riviera Maya Real Estate Mexico is comprised of untouched and isolated beachfronts that offer the quintessential tropical vacation experience, complete with turquoise waters and coral reefs. Geographically, Riviera Maya extends from 20 min south from Cancun and extends till Costa Maya.

What A Difference A � Mile And A Few Months Make To The Expected Sales Price Or Value Of Theproperty - Margery Monti's Finance and Real Estate blog:

Real estate appraisals are totally subjective and often are not an accurate way to determine the value of a property in some markets.