 When is the best time to buy a home?
Real estate prices have been on the rise over the past several years in our
area. Home ownership should be considered as a way to increase your personal
assets, unlike borrowing for a vacation, car, etc. This factor makes home
ownership very attractive.
Will my home go up in value, year after year?
No one has a crystal ball. However, as a long term investment, real estate
has had a steady history of appreciation making it one of the best long term
investments you can make.
What are the tax advantages to owning a home?
The recent tax laws have made home ownership even more favorable. The
interest paid is a tax deduction on your tax return. For a young couple, it
would be advantageous to buy a home, fix it up, live in it for 2 years, sell
and repeat this process to reach the type of home you would like without tax
consequences. On the other hand, if you are considering downsizing, the new tax laws help you to do this without tax consequences.
 Should we continue to rent, to save more of a down payment, or purchase
now?
Only you can answer that question. There are pros and cons to both
positions. The general market conditions should help you make that
consideration. If prices go up substantially while renting, it may be harder
to keep up with the higher down payment needed. Each case is different. Jim’s
experience in this area will be invaluable in helping you make that decision.
Many other questions may be on your mind. Specific questions
can be forwarded to Jim.
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