Arizona First Time Buyer Planning Your Future

Dear Prospective Buyer,

When deciding whether or not to buy a home for the first time, it is essential to compare the benefits of buying versus renting. Renting provides the liberty to move when the lease expires rather than having to wait until you sell your home. On the other hand, landlords can also decide to end your lease, or perhaps have a surprise foreclosure and then you are forced to move. Renting allows you to avoid the cost of maintaining the property and requires less cash up front; however, home owners have the freedom to remodel as they choose and can deduct the cost of home repairs from their taxes. Also, renting throws away money that could be building equity. Isn’t it time you invest in yourself?

When you own your home, your monthly mortgage payment not only pays for you to live in the house but is also an investment. Although you generally invest 10% percent of your own money and 90% of the bank’s money, you receive the benefit of 100% of the house appreciating each year. When you sell your house, you receive money that you would not have received when you are renting. Plus, you can deduct items on your taxes, including interest on your mortgage and property taxes. Another great tax benefit is that you do not pay taxes on any profit you make from the sale of your home. Provided that you choose a fixed rate mortgage, you lock in a consistent payment, while renters should expect a few rent increases over the years.

If you’re considering moving from a rental and need a first time buyer guide, be sure to contact me direct and I can help you find your way! Currently there are many benefits for first time buyers who choose to buy a home between January 2009 and December 2009 with the $8,000.00 tax credit.

If your are considering buying a Foreclosure in the City of Phoenix limits then you might qualify for the $15,000.00 incentive providing you are prepared to attend some required classes and complete the restrictions of the loan.

With the rates at an all time low and inventory of homes in the Phoenix metro area at an all time high you really should consider purchasing and start the greatest investment of your lifetime.

If you decide that you are ready to buy a house, I would like to help educate you about the process. Please contact me at 480-202-3558 or CRobinson@HSmove.com

Kind Regards,

My photo Candace Robinson
Home Smart Real Estate
Mesa, AZ 85210