Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.

Stable Monthly Housing Costs

When you rent a place to live, you can certainly expect your rent to increase each year - or even more often. If you get a fixed rate mortgage when you buy a home, you have same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for entire life of mortgage - and interest rates aren't as volatile now as they were in late seventies and early eighties.

Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense?

Forced Savings

Some people are just lousy at saving money, and a house is an automatic savings account. You accumulate savings in two ways. Every month, a portion of your payment goes toward principal. Admittedly, in early years of mortgage, this is not much. Over time, however, it accelerates.

Second, your home appreciates. Average appreciation on a home is approximately five percent, though it will vary from year to year, and in some years may even depreciate.. Over time, history has shown that owning a home is one of very best financial investments

Relying Solely on Traditional Methods To Sell Your Home The real estate professional who is innovative and willing to offer new strategies of attracting home buyers will always outperform those who rely on traditional methods. Demand around clock advertising exposure, innovative lead generation methods and lead accountability. These services exist and should be offered on your home sale.

Market Timing/Seasonal Selling Just as a broker who continually follows trends of a stock, your real estate professional continually follows trends of your home market. They will know if market cycle is poised to net you most money. Avoid believing that property sales are seasonal.. property is always selling.

Refusing to Make Cosmetic Changes The prospective home buyer's first impression is most important. Hundreds ordf thousands of home sales have been lost to unkempt lawns, cluttered rooms, bad stains, unpleasant odors... all seemingly little things. Imagine you were home buyer and clean your place from top to bottom... military style.

Wasting Time With An Unqualified Prospect Your representative's responsibility is to screen a prospect's qualifications before valuable time is lost. Be sure to align yourself with right professional and eliminate negotiating with unqualified prospects.

Don't Test The Market Never put your property on line to sell unless you are serious. The right professional will find you buyers and if you are harboring indecision... you will blow sale.

Believing You are Powerless to Make a Difference Be a part of team! Take an active role with your real estate professional to see what you can do to facilitate your sale. Networking with professional peers and personal friends often results in sale of a home. It's surprising how many homes are sold this way.

Believing All Realtors, Brokers & Others are Same With all intricate details and critical decisions to be made concerning your home sale, should you rely on anyone but an experienced real estate investment professional? Many friends and family members have been estranged as a result of failing to meet expectations. Your home sale is a time consuming, effort related, difficult task. Maximize your profit by utilizing a experienced real estate investment professional