Am I Ready To Buy A Home?

You Know Your Ready To Buy When...

 1. You're sick and tired of looking for a parking spot.
2. You know as much about your neighbors personal life as your own.
3. You answer your phone only to find out it was your neighbor's ringing.
4. You can smell what your neighbor is having for dinner.
5. You are tired of waiting on your landlord to make necessary repairs.
6. Your landlord drives a better car than you, one you're probably paying for.
7. You can only invite two friends over for dinner due to maximum occupancy.
8. You can't sit outside and enjoy a beverage without wearing earplugs.
9. You wake up to your neighbor's alarm clock at 4:30am

 And the #10 Reason, You Know Your Ready To Buy When...

10. You have to time your shower around your neighbor flushing the toilet to avoid being scalded.

And The Facts Speak For Themselves!

More than two thirds of american households own their own home. These homeowners know the benefits of homeownership, from the accumulation of home Equity, Tax Incentives, and the Pride that comes with owning a place of their own. They, as well as you, had to take that first step of deciding, "Am I ready?", to be a homeowner. Realtors help guide first-time homebuyers through the process from start to finish.

Homeowners net worth is almost 36 times renters.

In 2001, the median net worth for homeowners was $171,700 compared to $4,800 for renters. How do you intend to build your net worth? Homeownership adds to the value of communities, has positive effects on children, and even contributes to increased voter participation rates. For the majority of Americans, purchasing a home is their largest financial asset, and is a major player in their investment portfolio. Considering that the stock market value has declined since 1998, and a home appreciation has increased on average by 4.5 percent per year, owning a home is much less volatile than stocks, bonds, or mutual funds. Then of course there are the tax advantages of homeownership. If you are paying rent, you are aware that there are o tax advantages and that you are throwing your money down the drain every month. However, when you own a home, part of your monthly mortgage payment comes back to you in the form of a tax savings! Here is an example:

 A home that costs $110,000 and Downpayment is $10,000 (plus closing costs). You finance the balance with a 30-year fixed mortgage at 6.5% interest. Your monthly payments would be:

 $632 - Mortgage
$115 - Property Taxes (@1.25% tax rate*)
$747 = Total Monthly Payment
Tax Savings per month (assuming a 30% income tax bracket)
$161 - Mortgage Interest Tax Deduction
$ 34 - Tax Deduction For Property Taxes
$195 - Total Monthly Tax Savings $552 - Realized Monthly Cost after Tax Savings *property tax rates vary by city and county.

Now Ask Yourself

If you answer "YES" to the majority of of the following, you are probably ready to begin your home search. We look forward to helping you build your wealth, save on your taxes, and give you the pride of homeownership.

Financially

+ Are you permantly and gainfully employed?
+ Would you like to educate yourself on the advantages of homeownership?
+ Are you interested in building wealth?
+ Are you committed to living in the Columbus area for at least the next two years?
+ Are you unafraid of the responsibility that is involved in caring for your own home?

Emotionally / Mentally

+ Are you ready to stop throwing money away at rent?
+ Do you want to own a place you call home for you and your family?
+ Are you frustrated that your peers and colleagues own and you don't?