Buying your first home is a major step.

There’s a lot you need to know to make the right decisions – and also to avoid making the wrong ones. And that’s particularly true in this current market.

The good news is that when you know what you’re doing, and particularly when you’re working with a highly-experienced real estate professional who does, this market offers fantastic opportunities to get a great home at a great price.

Owning versus renting

Without question, owning a home comes with risks and responsibilities that you don’t have to worry about when you rent. These include things like a mortgage, property taxes, homeowner’s insurance, maintenance and repairs, to name a few.

However, financial advisors, and homeowners themselves insist there are far more advantages to owning:

  It’s been shown over time that you’ll generally lose money by renting instead of owning your own home. Why not build up equity in a home instead of paying your landlord’s mortgage?

  Although there are periodic market drops, historically, owning a home has been a prime financial investment.

  You can take advantage of many ongoing tax benefits, like deducting the interest on your mortgage and property taxes from your income tax.

  Owning a home isn’t just a smart financial investment; it’s also an investment in a higher quality of life-particularly if you have a family or if you’re planning one.

  There is a special kind of pride in the ownership and upkeep of a home that you won’t get with renting.

Simply put, it just feels good to own your own home.  You can decorate it any way you like, renovate or build additions or personalize your landscaping.  It’s your home.


Do you qualify to own?


To find out: go to your bank or another lending institution and allow them to perform a credit check

and analyze your financial situation.


You may be surprised to learn that there are many renters who financially qualify to own their own

homes, but don’t realize it. Are you in this category? It would be a shame if you wanted to own your

own home, but didn’t know you could.


Also, keep in mind you may be eligible for loans insured by the Veterans Administration (VA) or the

Federal Housing Administration (FHA).

Is it a good time to buy?

Generally speaking, if you’re financially qualified, your timing couldn’t be better. In fact, few

markets have ever offered the opportunities that currently exist for first-time home buyers,


The bottom line is that if you are currently renting but really want to own a home, this is a terrific

time to buy. Speak with a knowledgeable, experienced real estate professional about your options.

They will be able to assist you with getting the best financial support you qualify for, and you’ll also

get the scoop on many great real estate opportunities you might otherwise miss.


FYI - The legwork that a real estate professional does to help you find, finance, and

purchase a home generally won’t cost you a penny.  The seller pays for it all!