With interest rates at a 50-year low, and a $7,500 federal tax credit available to first-time home buyers, it is a great time to buy a home.
Here are a few good reasons to buy your own home: 
Tax Savings - The Federal Government allows you to deduct the interest you pay on your mortage, your property taxes, as well as some of the other costs involved in buying your home. The Federal Govenment also allows you to take up to $250,000 or $500,000 if married as gain within paying additional federal income tax. Consult your CPA for tax questions.
Equity - Mortage Payments help you build equity in your home.
Appreciation - Real estate has long-term, stable growth in value, even considering our current economic condition.
If you choose a fixed-rate mortgage, payments do not rise over the years, although insurance and property taxes may increase from time to time.
Purchasing your own home allows you to decorate as you desire, have pets, and even a storage building. Of course, if there is a homeowner's association, some items may require approval.
Call me at 910-617-5244 or email DianeParker@SeaCoastRealty.com to discuss the possibility of owning your Wilmington home.
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