Below are some of the pros and cons of buying your next home versus leasing your next home. You can take these issues and add your own to the list as well. These pros and cons will assist you in making the right decision.
Pros:
•You can claim your mortgage interest as a deduction on your taxes.
•With each mortgage payment, you will be building equity in your home.
•Mortgage interest rates are at an all time low.
•You can customize and change your home to suit your lifestyle.
•You may have a yard for you, your children and your pets to enjoy.
•You will have pride of ownership and will have something of your very own to call home.
•If you buy a home that is below market value, you could have a larger return on your investment in the long term.
•In most cases, owning your own home will offer you more privacy.
•Owing your own home will help you build your credit as long as your mortgage payments are being made on time.
Cons:
•You will have routine maintenance and repairs that will need to be performed.
•Buying a home is a serious financial commitment. You can't just break your lease and move out whenever you feel like it. You will have to take the time to sell your house before you can move.
•Not all homes increase in value. So you must weigh the risks before making a commitment.
Buying a home is one of the biggest investments most people will make in their lifetime and the decision to buy is one that shouldn't be taken lightly. Do some research and take all the time you need in order to make an educated decision about whether to lease or to buy your next home.
Call your real estate agent and let him know that you're thinking about moving but haven't decided whether to lease or buy. Your realtor will be a great resource in helping you make your final decision. He will supply you with all the information you need in order to find the option that is best suited to your family's current needs.
I specialize in helping
buyers and sellers invest in real estate in Loudoun
County and Northern Virginia.
I have over 25 years
experience in the real estate industry. As a Broker/Owner with Exit Realty
Talbot and Company, I bring special tools and solutions that enable me to
exceed the expectations of my clientele. If you are considering listing
your property in Loudoun County or the nearby areas, ask me about our latest
internet marketing systems. I would appreciate the opportunity to earn
your business. I am experienced in listing and selling short sales.
For information on the short sale process, please visit www.LoudounShortSaleSolutions.com.
For a free market
analysis on the value of your home, please visit http://www.LoudounHomeValues.com
My past awards and
designations include – 2003 President of the Dulles Association of Realtors,
2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles
Area Assoc of Realtors, Top Producer awards from both the Dulles Area
Association and the Northern Virginia Association of Realtors. I am a
member of the Top 5 in Real Estate Network.
I have lived in Loudoun
County since 1979. I am married with two grown children and two
grandchildren. My son in law is my business partner in real estate.
I love to jog in the mornings and spend time relaxing on my Trawler during the
summer months.
Loudoun County
and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers
invest in real estate in the Northern Virginia area to include Loudoun County
and surrounding areas including Fairfax, Clarke, Fauquier, Prince William
Counties. Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton,
Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill,
Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and
Bluemont.
Cell 703.727.9885 Office 703.574.3800
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