Buying a home may be the American dream, but it's also a monumental task: You have to clean up your credit, apply for a mortgage, scrape together a down payment, and then move all your worldly possessions in after you close on the deal. Phew! So why do so many people go through the trouble? Find out below ↓
For both buyers and sellers, the help of a knowledgeable broker is valuable, but who pays for the services of the real estate agents? If you're about to start your home-buying journey, you're likely thinking about hiring a real estate agent. Standard practice is that the seller pays the real estate commission of both the listing agent and the buyer's agent. Which means you can use a Realtor for FREE!
Another awesome benefit to owning a home is the ability to deduct your property taxes. This could help save you hundreds for the year and all you have to do is fill out the paywork and send it into the appraisal district.
Sure, there’s the upfront cost of the down payment and closing.
After that, the monthly outlay of owning a home is much less than paying rent in most cases. Plus, mortgage rates are currently low, making it an economically wise choice to purchase a home sooner than later.