Six Ways you WIN, even if you sell your home for exactly what you paid

By
Real Estate Agent with Berkshire Hathaway Home Services Fox and Roach Realtors

I often hear sellers complain that they are not going to make any money on the sale of their home, and they feel that have somehow went wrong in buying their home in the first place. To which I say, bonk! Just look at how you "won"....

 •1)   For every month you lived in your new home and made a mortgage payment, you were able  to deduct the interest on the loan.  Try that with a rental payment. And be sure to let the IRS know of your plan here, as I am sure it will go over well with them.

•2)   You were able to paint the living room that  hideous red your wife/husband/other wanted, and didn't have to worry about  NOT getting your security deposit back

•3)   If you had a fixed rate mortgage, you were able to plan on stable month payments, without  the threat of yearly increases in rent, which most landlords do as  a matter of habit, as opposed to doing so based on market conditions

•4)   You didn't have to worry that your landlord was going to kick you to the curb after your lease expiration period, in order to turn the apartment into condos

•5)   You had the "quiet use and enjoyment" of the home to do as you please. The piece of mind that only comes from home ownership.  And you now have the

•6)   pride of owning your own  garden rake, a lawnmower, and perhaps washer and dryer.

Buying a piece of real estate isn't always about financial appreciation. Sometimes, the added value is the piece of mind you have knowing that you have a roof over your head that belongs to you. And your bank.

Mark Wade

www.CenterCityCondos.com

Prudential Fox and Roach Realtors

PREA Top 100 Award- 2005, 2006, 2007

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