If you are currently renting a house or apartment, now is an excellent time for you to look at all the options available in this buyer's market.
First of all, your present cost of living might really surprise you. If you pay $1,000/month for rented housing, you will have forfeited a whopping $36,000 over the next three years with no equity to show for it. You’re paying the mortgage for the property owner when you could be building equity for yourself.
Tax deductions for home ownership vary, but the IRS dictates that mortgage interest, pre-paid interest and interest on construction loans are all things to consider as tax benefits.
Another important thing to consider is that right now there is an excellent supply of homes for sale at bargain prices in pretty much every price range, AND interest rates are very attractive, too!
On top of all that good news, if you are a renter and don't have to sell a home before you can buy, you are in the absolute best position! Sellers and their agents will be eager to negotiate with you, because they know that you are ready to move and won't have to wait to close until your present home sells.
Whether you are looking for new construction or an older home that could use your personal TLC, let's get out there and do some serious looking! By the time Spring has sprung, you'll be ready to plant your favorite flowers in your own backyard!
Call me soon, so that I can unlock the door to your favorite house!
Linda
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