Valuable information to share with buyers and sellers.
Whether to rent or buy a home is a big decision that many people face, and there are pros and cons to each option. Those considering a home purchase should know that due to lower home prices and interest rates, the gap between monthly rents and mortgage payments is now at its lowest level in almost 20 years.
Many would-be-renters don’t realize that they can, in fact, afford to purchase a home. And, even if a buyer pays a few hundred dollars more per month, they are able to realize some of the significant tax benefits that come along with homeownership. These include deductions for property taxes and loan interest paid over the course of a year.
Consumers who would like to learn more about homeownership, the current real estate market and their own personal ability to achieve the American dream should attend a home buyers seminar on Saturday, May 15, at their local Weichert office.
