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10 Reasons To Buy a Home
1. You can get a good deal. This is a buyer’s market. Prices have come down, about 30% on average from their peak.
2. Mortgages are cheap. You can get a 30 year loan for around 4.3%.
3. You’ll save on taxes. You can deduct the mortgage interest from your income taxes. You can also deduct your real estate taxes.
4. It’ll be yours. You can have the kitchen and bathrooms you want. You can change things to how you want them – walls, additions, paint, flooring, you get to pick.
5. You’ll get a better home. It is not easy finding a good rental. If you want a great home in a great neighborhood, you are better off buying.
6. It offers some inflation protection. While rent can go up, your house payment will remain the same with a locked in interest rate.
7. It’s risk capital. When the economy does head back up, so will the real estate prices. Equity in a home is another way of linking part of your portfolio to the long-term growth of the economy.
8. It’s forced savings. You may be able to rent cheaper, but overtime you are paying yourself by building up equity in your home.
9. There is a lot to choose from. That means great choice as well as great prices.
10. Sooner or later the market will clear. Demand and supply will meet. As the population grows homes will sell.
* This information was taken from an article on msn.com/realestate.
If you are planning to place your home on the market, browse my website for valuable information on preparing your home for sale, pricing your home right, marketing it effectively and the home inspection processes.
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