Why and when should I buy a home?

Today, home Buyers have more choices than ever before.  You can choose financing options that are flexible and affordable, home styles that fit a variety of lifestyles, and professional services that make the process fast, effective and enjoyable.

Here are some facts about buying a home that you should remember:

  • Buying a home can be a good investment opportunity.  A house offers leverage and the possibility for appreciation in value.  And, you can use this investment while it’s working for you!
  • You can’t afford to overlook the tax breaks of home ownership.  Since mortgage interest and property taxes are deductible, home ownership can save you money each year.
  • Young people aren’t priced out of the market.  Figures from the National Association of Realtors put the average age of first-time buyers at 32 years old.
  • Renting doesn’t protect you against rising prices.  Rental units are just as susceptible as houses to increases in taxes, insurance, utilities and other costs.  Landlords will pass along these increases to the tenants.
  • Waiting for prices to drop can work against you.  Home prices fluctuate from city to city, and go up more often than they go down.  Don’t put off buying a home waiting for prices to come down.

Starting the home buying process:

  • Choose a professional who specializes in residential real estate.  She or he should have specific knowledge of the local real estate and mortgage markets.
  • Consider references carefully.  An experienced, confident REALTOR® can provide you with names of recent buyers in your market with whom he or she has worked.
  • Select a professional who will listen to you.  Your REALTOR® should be interested enough in you to find out about you and your housing needs and preferences.
  • Select a professional who puts service first.  Strong customer service is key in today’s real estate business.  Find a REALTOR® who provides a service that goes above and beyond giving buyers only what they expect and need.

Your REALTOR® can show you any house that’s for sale in your market – not just the homes listed by their company.  If you see a house for sale that you like, arrange a viewing through them.

Commit yourself to working with one REALTOR® who can learn your likes and dislikes in homes and make your home-buying process much easier.

 

Contact Infinity Realty Guam today for the real estate company that will provide quality service you deserve.  (Click here).

DISCLAIMER: This information is provided for general awareness only and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind.  Please consult with a professional in their respective expertise for complete details.