TEN GREAT REASONS TO BUY A HOUSE THIS YEAR

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

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                            TEN GREAT REASONS TO BUY A HOUSE THIS YEAR 

 

                                            

1. Quality of life- A home provides comfort,stability and security for you and your loved ones and membership within a community of neighbors. By the way there is a new movie out called Neighbors with Seth Rogen and Zac Efron. Hope your neighborhoods don't turn out to be bad as Seth Rogen's neighbohoods. One good reason why you should go and see this movie.

 

2. Pride of home ownership-A home is a personal haven,a place that you can decorate,shape and share over time because it's yours. Wouldn't you like to own something? Buy a house.

 

3. Excellent Affordability-Lower home prices combined with historically low interest rates means there are tremendous opportunities for home buyers. Oh and in DC there is a 100% loan program called DC OPEN DOORS PROGRAMAnd there is always the other 100% loan product for homebuyers USDA.

 

4. Historically low interest rates-Average interest rates is around 4.5% given to people who are qualified to buy a house. This interest rates is the lowest it has even been.

 

5. Appreciation potential-Your home investment can grow in value. More than you even imagine.

 

6. Equity buildup and debt pay down-Homeowners enjoy an average net worth of approximately $184,000 vs. $4,000 for renters. You want to accumulate wealth,become a home owner.

 

7.Leverage-Where else can you buy an investment of this magnitude with 5-10% down? Some loans require no down payment. I stated this earlier in Number 3.

 

8. Tax Deduction Advantages-Property tax and mortgage interest write-offs. And do you know about 1031 Exchanges? If you are a real estate investor,you definitely need to know.

 

9. Tax exemption-up to $500,000 per married couple or $250,000 per person on sale of a primary residence in the United States.

 

10. The real cost of renting-at $1200 per month,with the average 6% rental increase per year,you will pay $183,240 over a 10 year period but have zero ownership of the property.

 

So if you want to build wealth by becoming a homeowner,please call your Local DC Real Estate Agent today and he will be more than happy to help you get started

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Rainmaker
2,885,661
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Lanre, I've spoke with many people who did not think they could afford a home. Many to them bought a home and their payments are less than what they were paying in rent. They now have all the added benefits of home ownership.

May 18, 2014 11:13 AM #1
Rainmaker
142,596
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

Lanre,

These are GREAT reasons to buy a home in 2014.  Hopefully the bidding war will settle down in the near future and buyers will see more available inventory to take advantage of.  Excellent post.  Thanks for sharing.

Have a wonderful day!

Diana

May 19, 2014 02:21 AM #2
Rainmaker
898,708
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Lanre,  All great reasons to buy a home.  Good post!  Sometimes when people see it written out like this, it makes that much more sense.

May 26, 2014 11:10 AM #3
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
Are you in the market to buy or sell your house? Call me now.
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