Selling Reno And Sparks Real Estate Blog

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Sometimes You've Got To Go Home To Find Yourself

~A Place of Your Own~

Your home is your castle, as the old saying goes. A home is a place to call your own. Perhaps you are ready to settle down and want the feeling of permanence and involvement that comes with owning your own home. Perhaps you need more living space. Or maybe you want more freedom than you have in a rental unit to adapt your living space to your needs.

For many people, the motivation for home ownership is primarily financial. Owning your own home is a first-rate investment for a number of reasons:

Tax Benefits - Interest paid on a home mortgage is usually deductible - this is a tax advantage not available to renters.

Increased Value - Houses typically increase in value, or appreciate over time. The increased value is as good as money in the bank to the homeowner.

Stable Housing Costs- Rents typically increase year after year, the principal and interest portion of most mortgage payments remain unchanged throughout the entire payment period.

Even today, with the housing market so uncertain, with interests rates changing daily, people still prefer owning a home to renting. Home buyers are willing to wait 60 days, 90 days, sometimes longer for a third party approval on homes that are in foreclosure or where the seller is asking the bank for a short sale.

These are the people that still believe there are advantages to owning their home. They are in it for the long duration.  They are the people that believe owning a home is important and worth the wait to get it.

For the people that I have talked to recently, they say the really just want place to call their own, a place they can go home to and find themselves.

 

 

 

Terrie Leighton

Certified Distressed Property Expert (CDPE)
Certified Default Resolution Specialist (CDRS)
Short Sales & Foreclosure Resource ~ Certified (SFR)
NAR's Green Designation ~ Certified Green
Certifed Negotiation Expert (CNE)

Ferrari-Lund Real Estate

 Cell ~ 775.846.5424

Email ~ Terrie@terrieleighton.com

 

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Comment balloon 5 commentsTerrie Leighton • July 25 2008 02:13PM

Comments

Great advice Terrie. This is one of the many benefits I explain to my first time buyers. Thanks so much for sharing.

Posted by Mike Wong, Realtor: Commercial, Residential, Leasing, Invest (Keller Williams Realty Southwest) over 9 years ago

Mike - You are welcome....I am glad you think so as well.

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) over 9 years ago

HI TERRIE!

This is sound advice for homebuyers...especially now.  That's what is needed to be heard, sound, good advice.  Thanks for sharing!

Have a wonderful day,

Posted by Yvette Smith, Realtor In Williamsburg VA, Homes for Sale (LONG & FOSTER) over 9 years ago

I think this is an excellent post! You know what the best thing for me to have my own home? Getting to have a dog! I missed having a dog soo much when I was in an apartment! It is the little things I suppose....but it's wonderful!

Posted by Molly LeBlanc, 503-490-5229 (Pete Anderson Realty) over 9 years ago

Yvette ~ I am so glad you think so! Thanks for the kind words.

Molly~ I will have to agree with you, dogs rule!! And by that I mean, they usually rule the house, haha! Thank you so much for stopping by.

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) over 9 years ago

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