How to buy a home  

THE HOME BUYING PROCESS

Looking for a home? Where should you begin? Home buying can be an over whelming task. Think about any changes in your life during the foreseeable future. Will there be changes in your family size or with your vocation? What are your requirements for the home?

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Why use a Real Estate buyer agent?

In short, the reason is to get you a better deal than you would have gotten without one. It's really as simple as that! This means money, but it also means having the services of an expert who can find you the home you want, come to agreement with the home seller at terms favorable to you, and see that the home sale actually closes.

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ESSENTIALS

  • The Advantages of Buying a Home
  • The Benefits Of Condo Living
  • Frist Time Homebuyer - Steps to Purchase a Hom
  • Condominium Living - Is it Right for You?
  • How to buy a home  
  • Is A Townhouse For You?  
  • The Advantages of Buying a Home

    by Vicki Walker


    Buying a Home is at the heart of the "American Dream". It can bring happiness and provide a solid foundation for you and your family. It has many benefits, but the following three in particular -

    Tax Breaks

    When compared to other investments, few can generate the healthy and long lasting tax breaks that home ownership does. When you become a homeowner, there may be tax breaks that you can take advantage of the renters and non-homeowners cannot, the mortgage interest deduction being just one of them. In addition, the deduction of your real estate tax on your federal income tax return is a common practice. Some homeowners choose to use their homes equity to obtain Home Equity Lines of Credit (HELOC) or home equity loans. Interest on these loans may also be tax deductible. With proper planning you may receive tax advantages that last a lifetime. As always, consult with your own tax advisor as to the specific benefits of home ownership that apply to you.

    Equity

    A home is an investment that can, and usually does, increase in value over time. In some markets, home values have been rising dramatically in recent years (California, Florida, Nevada, etc.). In other markets the rise has been more slow and steady.

    In addition, you can use your own hard work to make improvements that will increase the value of your home. Each improvement that you make will add to the overall value of your home and your way of living.

    As the value of your home increases, and the amount of your mortgage shrinks, you build equity. That is, the money that would be left over if you sold your home and paid off the mortgage. As mentioned above, you can borrow against this equity should the need arise. It's almost like a savings account that you live in.

    Community

    Moving into a home gives you a chance to meet new people, get involved in your community, patronize local merchants, and shape your new neighborhood. It's a way to put down roots and invest in your town. Home ownership provides a sense of permanence and a solid foundation for our lives.

    Buying a home may be the single, largest investment you will make in your life. But there are so many benefits, some tangible and some emotional. Maybe now is the time for you to take the plunge and buy a home, condominium or townhouse and experience this part of the "American Dream".

    About the Author

    Vicki Walker is a Reator in Yolo County, California. She is happy to assit buyers and sellers of real estate, homes and investment property in Davis and Woodland. You can get more information at Davis Real Estate or Woodland CA Real Estate.

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