1) PRIDE OF OWNERSHIP - A home is the biggest purchase most people ever
make. But deciding when and what to buy is not always a financial decision
alone. Pride of ownership is the number one reason why people wish to own their
home. When you own a home, you can control your living environment and
security, upgrade and change your home as you see fit, and create a sense of
rootedness in your community. You can paint the walls any color you desire,
turn up the volume on your CD player, attach permanent fixtures and decorate
your home according to your own taste. Home ownership gives you and your family
a sense of stability and security. It's making an investment in your future.
2) THIS IS A BUYERS MARKET - The supply is greater than the demand which
means there are more homes on the market for sale than the normal amount. This
is good for the purchaser because there is more variety. The sellers are more
eager to sell which means you get the best deal for your money. If you are in
the market for an entry-level home, you may face stiff competition from
investors. These homes saw more dramatic price declines than the higher-end
houses did over the past few years. These lower priced homes are moving quickly, so if you are a serious
buyer, be ready to go by talking to a lender and getting pre-approval ahead of
time. If you need to talk to a lender see Kim Moon’s information at the bottom
of this article for local programs.
3) GREAT INVESTMENT - House prices tend to rise over time, so a house is
one of the best investments you can make. Home prices in the U.S. have risen three
percent to six percent a year for the past 20 years. That trend is likely to
continue. So if you buy a home now, you have put your capital in a safe
investment where it is likely to grow.
4) LOW INTEREST RATES AND FINANCE OPTIONS - According to Kim Moon with
FirstBank Mortgage Partners in Huntsville…
“Low mortgage rates are one of the great reasons to purchase
a home right now. Mortgage rates are currently holding steady for
Conventional, FHA, and VA loans ranging from upper 3% range for government
loans to mid 4% range for Conventional loans. This rate range, while not
at the lowest point for interest rates over the past several years, does allow
you to increase your buying power because they are still at a low range.
As rates start to increase, you’re buying power is affected.
Another great reason to purchase a home right now is the
programs available for first time homebuyers. We see quite a few
borrowers that can manage their monthly debt, but just do not have adequate
savings right now for a down payment and closing costs. There are
programs out there for this type borrower, that offer down payment assistance
to people that do not presently own other real estate. There are
restrictions on these type programs, and you would just need to check with me
to see if you meet the qualifications for these type programs. It
is always a good idea to see if you have the ability to purchase instead of
renting. Don’t forget that owning provides tax savings to you in regards
to a mortgage interest deduction on your income taxes.”
5) IRS TAX DEDUCTIONS - As Kim mentioned, you can obtain your
own tax write-off by simply paying your mortgage. How many tax deductions are
you able to take each year? If you do not own a house, you are paying rent to
help someone else with mortgage deductions. The interest you pay on your
mortgage is tax deductible and the first few years you are paying mostly
6) NO RENT INCREASES - Did you ever receive a letter from
your landlord? If you are a renter, your landlord usually raises the rent each
year. The rise in rental amount can be anywhere from $25 to hundreds of
dollars, depending on where you live. The best way to avoid rent increases is
to be your own landlord.
If you are ready to make a move and get into a
new home, let us know- we would love to help!
To contact Kim Moon with FirstBank Mortgage Partners and
check into your finance options:
Cell: 256-653-4858 or email: firstname.lastname@example.org
In my experience as a Huntsville real estate professional, I've found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This client firstphilosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. Combining a customer service approach with the latest technology tools helps to extend the range of services I provide to my clients.
I was born and raised in North Alabama which enables me to offer you the local perspective that will benefit you in your new home experience. It's not the same everywhere, so you need someone you can trust for up-to-date information.
With 2015 coming to an end many are staring to make their predictions
"I was scanning Trulia for rentals and homes for sale after 6 weeks of dead ends for both. Many of the Realtors I had contacted did not get back to me, or had limited time to show properties. I found a random home for sale on Trulia and contacted Allison for information. Within an hour she had called me, and within a day we were on our way to look at at least 3 homes daily. She sent me links to listings, and I sent her links to additional listings. Over the course of about 2 months of continual viewings, Allison grew to know what we were looking for, and always found homes that met most of our needs. Nothing is ever perfect, unless you build yourself, but one day Allison showed me a home that met every need we had on our lists plus some extras.
She was able to negotiate quickly, she did not back down at any time when our negotiated conditions were not being met in a timely manner, and when it was time to 'light a fire' she used a flame thrower! She walked us through everything, took time to contact our lender constantly, advised us with options and was present for closing. I would recommend Allison Neumann 100% of the time. She made an exhausting chore into a pleasant experience!"