Whether you’re a first-time buyer or an old pro at the real estate game, buying a home can be a daunting process. It’s an emotional time filled with difficult choices—and each decision you make has money riding on it.
Finding the right home to meet your family’s needs is hard enough. Knowing how to avoid paying too much for that home once you’ve found it, is another job entirely.
We’ve developed an outline to help you avoid the pitfalls inherent in the home buying process. We’ll show you not only how to make sure you’ve found the right home, but also how to negotiate a price to your advantage.
In today’s complex, fast-paced market, you can’t afford to learn these lessons through trial and error.
Reasons to Buy a Home
1. Quality of Life
2. Tax Deductibility of Mortgage Interest
3. Tax Deductibility of Property Taxes
4. Appreciation Potential
5. Deferred Gain and Capital Gain Treatment
6. Principal Accumulation of Wealth
7. Pride in Your Home
8. No Landlord
9. Leverage (where else can you buy this size of an investment with 5-10% , possibly 0%down)
10. The Real Cost of Renting (At $2000 per month, with a 6% rental increase per year, you will pay $322,102 over a 10 year period!)