Why Buying A Home is a Great Idea-No Sales Pitch

Real Estate Agent SA651458000

As many people have said over a long period of time... "They are not making any more real estate". That is an excellent reason to buy real estate, but there are many, many more.....

Here are easily the 5 most powerful reasons why someone should buy a home, especially in 2014!

  • You May Wait a Long Time to See Rates This Good Again Rates are at an all time low. Waiting to buy a home may cost you much more than what locking in on an interest rate today can save you.
  • Renting Deprives You of Big Tax Breaks Home ownership is one of the last remaining tax shelters. Homeowners are able to deduct mortgage interest and real estate taxes on their annual tax return. If you rent, you’ll get no tax breaks whatsoever.
  • You Need to Start Small to Trade Up You may feel that there will be plenty of time to get into the housing market when you feel financially secure. The problem is, you’ll probably need the profit you’ll make by selling your “starter” house to be able to afford the one that you’ll want in the future.
  • Your Future is Going to be Expensive Financial experts generally suggest that to retire, you’ll need to build up enough in savings and investments to generate yearly income of 70 percent of your preretirement income. That’s a tall order – and a reason to start amassing some serious capital soon.
  • Retirement The best plan for retirement is to have a plan for NO monthly housing expense. In 30 years you can be mortgage free!

Comments (3)

Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Best Hawaii Realtor!

A fine article Craig.  You might be able to get some leads if at the end of any post, you ad your contact information...ie a "call to action".

Mar 17, 2014 02:32 AM
Rob Marken
Bend River Realty - Bend, OR
25+ years experience in Bend

Great points on why now is a great time to buy.  We have many new buyers looking for starter homes in our area and I still think they are in the perfect spot right now to do so.  However, as the summer progresses price may go up and make buying that starter home more difficult. 

Mar 17, 2014 03:00 AM
Deborah Laemmerhirt - REALTOR® Brookfield,Newtown,Roxbury,Bridgewater,Washington,Sherman
Keller Williams Luxury Homes International - Brookfield, CT
Luxury Homes,WaterFront,Equestrian,NewConstruction

Hello Craig, Good points.  We are still dealing with the individuals that just went through short sales and/or foreclosures.  I understand their reluctance to jump back in even when they qualify.  It has been a rough time and the emotions need to calm down.  It is a great time to buy and invest and real estate is still the safest investment. 

Mar 17, 2014 03:24 AM