Are You On the FENCE?
Are You On the FENCE?
Are you a potential investor, renter or
homeowner who would like to buy a
property but, just don't know whether to jump off the fence and into
the pool of homebuyers right now? Well, if so, let me give
you my take on this 'crisis' that we're in...
The news is
updated hourly (at least) regarding our current
financial 'crisis' which truly
does affect everyone!
Don't be fooled into thinking that you are immune from this
crisis--you don't work for a financial institution, you own your
home and are comfortably making the mortgage payment or you own your
home outright, or you're a renter with no worries in the world!
Doesn't
matter--you're affected whether you know it or not!
First and foremost, whatever
the government's solution to the problem,
we're going to wind up paying for it via income taxes in some way,
shape or form. But, think about this: Homeowners
who have determined that they've lost so much value in their homes have
decided just to hand the keys over to the banks and walk away.
They don't care about their credit scores, they don't care
that their ability to obtain credit for the next 7 years is GONE, and
they don't care a thing
about paying their property taxes.
So, what do their property taxes pay?
They pay for our
firemen, policemen, and
teachers. They pay for the
beautification of our city and the sidewalks
on which we walk, the
roads which
we drive; they pay for our parks
where our children play.
And, they pay for projects which have been developed to give Charlotte a
'world class'
rating.
Are you on
the fence? If so, here's how you can benefit
from
this crisis and, in turn, help our economy:
If
you're a homeowner/investor with 25% equity in your primary
residence or a renter and
with good credit, and a low debt to income ratio, why NOT get off that fence? Interest rates
remain at 40-year lows and our current inventory of homes has never
been better, nor have prices been this good! Why
not find a
tenant for your current residence or your new home purchase and have them pay your
mortgage for you until this crisis is over?
Remember that you're going
to want to hold the property for two years to avoid capital gains and
believe me, there are renters to be found out there! If
you're a renter (again, with good credit), there has never
been a better time for you to buy! Why are
you paying your landlords mortgage for him/her? Why not pay
your own
mortgage?
With your purchase, you'll be
helping the economy with each mortgage
payment and by covering the taxes on the property. It's just
like voting--you can't take the position that your vote, being only
ONE, doesn't count--because it DOES! Your one investment
property or new home purchase, collectively with others who are now
going to be fence jumpers too, will start the process of our economic
relief!
Why not
separate yourself from the 'panic' and be part of the solution?
Signature & author information
About the author:
Debe
Maxwell is a Charlotte Residential
Real Estate Broker, Certified Neighborhood and Relocation Specialist
who can assist you with the purchase and/or sale of real estate in
Charlotte NC or any place in the country by connecting you with a
relocation professional in your destination of choice. Debe has created
a team of professionals throughout the country to ensure that you
enjoy a smooth transition to your new area. These professionals are
experts in the field of relocation and can serve many purposes beyond a
simple home search. The destination service is of no cost to you!
Please visit www.TheMaxwellHouseGroup.com
for your relocation and/or your local needs. Debe Maxwell- HELEN
ADAMS REALTY - 704.491.3310 Debe@DebeMaxwell.com
Copyright
© 2008 By Debe Maxwell, All Rights Reserved...*Are YOU on the
FENCE?*
Disclaimer: All information provided by this
author is strictly an opinion, is not guaranteed, may be based on
information collected from several sources which may or may not be
reliable at the time of researching this article and may be time
sensitive.
;)
;)
This is the BEST advice I have heard all day. Hope others are reading this too!