If interest rates continue to decline, homeowners with variable rate mortgages will benefit from both lower financing costs and the probable future appreciation of their equity. What if rates stay the same or go up? Ask yourself if you will still be able to buy. Even if you can afford to delay your purchase, you will lose all tax benefits and other advantages of home ownership while you wait.
“Thank you for finding the home of my dream for meYou listened to my wish list and took me to see only homes that met what was important to me. I could always count on you both to be punctual and considerate of my time. I truly appreciated your tenacity and wisdom in negotiating. The ease and efficiency with which you coordinated each phase of the transaction kept me feeling secure and comfortable from beginning to end. I knew that you had everything under control and my best interest in mind. I appreciated your friendly advise and wonderful professionalism.
I have utilized your expertise four times in the past 2 years with 3 buys and 1 sell – you know I will count on you in the future. I would not work with anyone else and highly recommend you to others without hesitation. Thank you for helping me to live the life I had imagined.” — With sincere gratitude, Kristin Armstrong
Consider these facts:
Real estate is still one of the best single vehicles in this country for accumulating individual wealth.
Even in a declining market, the bottom is near, a well-chosen property is still one of the best investments you can make to offset inflation.
Real estate is still the only investment where a person can take advantage of large amounts of borrowed capital – and the leverage that comes with it.
Federal income tax policy still provides a substantial subsidy for home-buyers. Income tax deductions for mortgage interest dramatically lower the true cost of “expensive” mortgage money.
A home still has shelter value. Part of your investment funds comes from money you would spend anyway – and lose if you were paying rent.
Owning your own home still provides all of the powerful satisfactions that have been a part of the American dream for generations: A tangible stake in your community and the sense of belonging which it brings, greater safety and security for yourself and for your family, freedom from the requirements and whims of landlords, and freedom to live your own life in the surroundings of your choice.
The number of ways that you can buy real estate today is astounding. It is often helpful to have a tour guide to lead you through the winding streets and warn you of the pitfalls.
“We would be happy to recommend your services to anyone we know in either buying and/or selling a home.It has been almost a year since you helped us buy and sell a home in Batavia. Diana and I would like to thank you for all the help and guidance you provided us during and after the transactions. We know that we expected a lot of you and you either meet or exceeded our expectations every time. After all, you helped us on Fathers Day, on the phone from your daughter’s baseball game, and during our change of mind as we went from one house to another after being one step away from closing on the initial home.” Sincerely yours, Matt and Diana
How to get started:
Don Doherty