Buyer's Reports
Real Estate Buyers Guide, Real Estate Buyers Agent Texas, Tips On Home Buying
7 Reasons to Own Your Own Home
Tax breaks. The U.S. Tax Code lets you deduct the interest
you pay on your mortgage, property taxes you pay, and some of the costs involved
in buying your home.
Gains. Between 1998 and 2002, national home prices increased
at an average of 5.4 percent annually. And while there’s no guarantee
of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS? found
that a typical homeowner has approximately $50,000 of unrealized gain in a
home.
Equity. Money paid for rent is money that you’ll
never see again, but mortgage payments let you build equity ownership interest
in your home.
Savings. Building equity in your home is a ready-made
savings plan. And when you sell, you can generally take up to $250,000 ($500,000
for a married couple) as gain without owing any federal income tax.
Predictability. Unlike rent, your mortgage payments don’t
go up over the years so your housing costs may actually decline as you own
the home longer. However, keep in mind that property taxes and insurance costs
will rise.
Freedom. The home is yours. You can decorate any way you
want and be able to benefit from your investment for as long as you own the
home.
Stability. Remaining in one neighborhood for several years
gives you a chance to participate in community activities, lets you and your
family establish lasting friendships, and offers your children the benefit
of educational continuity.
To calculate whether renting or buying is the best financial option for you,
use this calculator courtesy of Ginnie Mae.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved.
Preston Hollow Real Estate Agent - Park Cities Luxury Estates
If you're in the Home & Real Estate market to buy or sell your home in the Preston Hollow, Park Cities, Highland Park areas, call me. You can rely on my 24 years real estate experience, legal background and local market knowledge. My strengths are service, negotiations, diplomacy and making the home buying and selling process fun and easy for you. I grew up in Dalton, Georgia around my family's jewelry business. I learned at a very early age how to place my clients on the pedestal they deserve. Getting you what you want is my ultimate aim.
Designations, Affiliations, Awards: Certified Residential Specialist; Accredited Buyer's Representative; Certified Luxury Home Marketing Specialist; Certified Home Marketing Specialist, Certified Negotiating Specialist; Founding Associate Keller Williams Elite; Keller Williams International Gold Medalist
BERNICE EDELMAN
Dallas Realtor
Keller Williams Elite Properties
8201 Preston Road, Ste: 265
Dallas, Texas 75225
214-420-3771 Office
214-384-7700 Cell
bedelman@kw.com
 
|
