Are you a 1st Time Homebuyer?
The following information is for you
Why should I buy, instead of rent?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years and you are building equity. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.
Where do I start?
Find a qualified buyers representative. A buyer’s representative is an advocate for the buyer – not the seller – in a real estate transaction, providing you the expertise you need through the entire process. According to real estate research, buyers who work with a buyer’s representative find their homes quicker; while viewing more properties in their search, than buyers who do not engage a buyer’s representative.
Do I need to assess my credit and finances?
Yes! In the beginning of your home search, it is wise to check your credit rating even if you’re sure you have an excellent credit rating.