TAKE THE PLUNGE

August 28th, 2009

Are you looking for some good reasons to take the plunge into homeownership?  Certainly, there are many, but here are a few to chew on before you call Don Kingsley Real Estate and begin your search.

If you haven’t owned a home in the last three years, then you qualify as a “first time buyer,” and you are eligible for up to an $8,000 tax credit if you purchase a home before December 1, 2009.  Combined with low interest rates, now is an excellent time to seek financing and make your move.  If you get a fixed rate mortgage, your monthly payment will always remain the same, while rent and everything else keeps going up.

The investment potential of buying a home is very attractive right now, because values that were driven down by foreclosures will climb back upward.  That means the value of the home you buy now will rise, and soon, resulting in instant equity!

As an example, think about the return on that investment.  If you put $10,000 into the stock market and were fortunate enough to earn 10% in one year, your profit would amount to $1,000.  Put that same $10,000 into a home purchase that appreciates 5%, and you’ve made $5,000 for the same one-year period.  In real estate terms, this is called leverage.  For the past 50 years, the average home appreciation in the Central New York area has been approximately 5%.

Finally, there is simply the security of owning your own home and having absolute control over making it as comfortable as possible for your lifestyle.  Need more reasons?  Call a REALTOR® from Don Kingsley Real Estate today!

For FREE information on buying a home, call us, stop by the office or if you prefer, email me at donkingsley@kingslrealestate.com.  I will be happy to provide you with the articles below to start your search.

- Tax Benefits of Homeownership
- 6 Creative Ways to Afford a Home
- How Big of a Mortgage Can I Afford?
- 10 Questions to Ask Your Lender

Entry Filed under: Buying A Home, Financing, Real Estate Tips