The Key to financial success is owning your own home
Buying a home is the largest single purchase most people will make in their lifetime. You should know what an Agent should be telling you before and after your purchase. Such as:
- Should you purchase title insurance?
-Are there any "Declarations and Covenants you should be aware of?”
Those who rent are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view.
Otherwise….your money may be going down the drain!
BUYING V. RENTING
•You own an asset that can increase in value
•BIG Tax Deductions
•Full control over your property
•Your VA Loan may qualify you for $0 Down!
•Fixed cost for the term of the lease
•At the end of the lease you can just move
•Smaller amount of up-front cash
•Increasing someone else's (the owners) equity
•Limited ability to personalize your living space
•NO tax advantages
FACTS ABOUT RENTING
You are paying someone else's mortgage and your money is not working for you— it’s working for someone else!
Do the Math
Assume you rent a residence for $900.00 a month and you live in that residence for two years. You will have paid a total of $21,600 in rent over that time. That is $21,600 simply gone and you will have nothing to show for it other than the time you spent in the home.
Compare this to what your landlord has gained. In addition, your rent payments are closely aligned with the landlord's mortgage payment or MORE!
Building Equity for Someone Else!
Donnie Daughtery, Realtor is a licensed Realtor and Real Estate Instructor with the State of Georgia Board of Realtors
EXIT TEAM REALTY
576 W. Oglethorpe HWY
Hinesville, GA 31313
Cell: (912) 432-3406
Office: (912) 408-8000
Fax: (912) 408-8200