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TOP TEN REASONS TO BUY A HOME IN TODAY'S MARKET! 1. Pride of Ownership
Pride in Ownership is the main reason for wanting to buy a home.
2 Good Investment
Real estate has been a good hedge against inflation. Over time, Real estate has always been considered a good investment. The effects of leverage is what makes it so attractive. A home is usually the largest investment a person will own. Homeowners can build equity and borrow against that equity for a number of reasons that could include college, medical, buy a second home or to start a business.
3. Wealth Building
Start building your wealth today. Don't wait for that "too good to be true" deal! Start early, the more time you have the more equity you build. 4. Property taxes are Deductible
Property taxes on the first and second home are deductible.
5. Capital Gain Exclusion
Homeowners can exclude up to $500,000 of capital gain if married, filing jointly or up to $250,000 if single or filling separately for homes that have been the taxpayer's principal residence for the previous two years.
6. Interest is Deductible
Interest on your home mortgage is deductible. 7. Amortization
Mortgage payments include the interest for the time that the money has been used and principal to reduce the debt. Every month a portion of the payment goes towards the principal.
8. Low Interest Rates
Interest rates are still at historic lows. Making it possible for buyers to purchase their dream home.
9. It's a Buyers Market
A Buyers Market means more choices and better bargains. You're in the drivers seat and can get a great deal on a new or existing home.
10. More For Your Money
Builders are now offering free upgrades, interest buy-downs and other incentives to move their inventory.
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