Are you a First Time Home Buyer?
There is probably nothing more intimidating in life than the purchase of your first home. You know that there is so much more to the process of buying a home than looking at properties. So much more that many would-be buyers put off the home buying decision and continue to rent. That's where we come in.
Since 1957, Berkshire Hathaway HomeServices Troth, REALTORS® has helped thousands of first time home buyers accomplish their dream of home ownership. Our staff of experienced Sales Professionals are experts when working with first time home buyers and will take the time to educate you on the process and be there for you every step of the way.
Here are some typical questions a first time home buyer may have:
Rent or Buy?
With every rent check you write, you're helping to build equity in your landlord's property. That money could be going towards building equity in a home of your own. Today's interest rates are low enough that your housing payment could be lower than your rent payment!
See if buying a home is right for you. You can compare the difference between buying and renting with our easy to use "Rent vs. Buy" Calculator.
In addition, there are many other advantages to owning your own home, including:
A feeling of security that comes from owning a home of your own and the knowledge that your home is a safeguard against future inflation.
Making payments on your mortgage loan mean that you are acquiring a major possession. Instead of paying rent towards something that will never be yours, owning a home means the garden you plant, the permanent improvements you make- all these things enhance your day-to-day living as well as the value of your home.
Your real estate taxes and the interest on your mortgage are deductible from your income tax.
Determine your estimated tax savings by using this Tax Savings Calculator.
Most people start on the road to financial independence through home ownership. Your principal and interest payments can remain the same for the full term of your mortgage while your rent usually goes up as the cost of living increases.
Your children grow up in the neighborhood of your choice.
Better than a savings account, your home can appreciate to keep pace with inflation.
Home ownership offers special advantages that make life more enjoyable- backyard barbecues, large family gatherings during the holidays, a home workshop, the chance to enjoy your family's companionship in the privacy of your own home.
How much can you afford?
In today's lending environment, there are often a number of different types of loans available to buyers. Fixed rate loans with low or no down payments could be available depending on each buyer's credit and income status.
The most accurate way to determine exactly how much of a loan you can qualify for is by having one of our Berkshire Hathaway HomeServices Troth, REALTORS® put you in contact with a mortgage expert.
Getting the Process Started
So what are you waiting for? Let's get the process started today! Contact one of Berkshire Hathaway HomeServices Troth, REALTORS® first time home buyer experts here.