Myth vs. Fact – When Buying a Home – Part 1
What you need to know before you go home-shopping
Is planning to move the next BIG move of your life? Are you looking for a home to share with your soon-to-be husband or wife? Have you always been waiting for the day when you’d be a proud homeowner? Are you shifting homes to accommodate for the needs of a larger family? Whatever the reason, buying a home is a crucial decision that affects you and some of the most important people in your life.
We at Express Realty Services understand your needs and would like to guide you through roadblocks that you will encounter when you consider purchasing a house.
We will help you dispel some myths and determine the facts as we go along.
Myth #1
Owning a home is more expensive than renting one.
Fact
You might wonder: Shouldn’t you think of buying a home only when you have huge savings? While that may hold water, it’s not always the norm. A lot depends on the costs involved and the income you make. In many markets, owning a home can be as affordable as renting one, especially considering the tax advantage that you gain with your purchase.
Besides, rental costs tend to increase with each passing year, but buying a house at a fixed-rate mortgage locks in your mortgage rate per month throughout the life of the loan.
In addition, when you pay rent, you spend hard earned money that you will never see again. It only ends up filling your landlord’s pocket. On the other hand, making regular monthly payments will eventually result in an asset that appreciates in the long run.
What can I do?
Need to find a home that’s just perfect for you? Express Realty Services can help you in your search. With in-house lenders and other specialists to guide and assist you, we offer an exceptionally integrated service that is unique to this industry.
Our expertise has benefitted more than 750 families, and has saved them money. We’ve had instances where we’ve found a beautiful home for our client, with a monthly mortgage that was almost $250/month less than his monthly rent!
Don’t miss your opportunity to save too! Just call Express Realty Services at 1-877-9-EXPRESS (1-877-939-7377) and we’ll find you the home that YOU deserve.
(This blog is the first in this series)
Want to dispel more myths? Check out the other blogs in this series: Myth 2; Myth 3; Myth 4
Tags: buy a home, first-time homebuyer, home owner tax advantage, Myth fact, owning home more expensive renting one