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Tips for Buyers

When is the best time to buy?
Here are some frequently cited reasons for buying a house:

* You need a tax break. The mortgage interest deduction can make home ownership very appealing.

* You are not counting on price appreciation in the short term.

* You can afford the monthly payments.

* You plan to stay in the house long enough for the appreciation to cover your transaction costs. The costs of buying and selling a home include real estate commissions, lender fees and closing costs that can amount to more than 10 percent of the sales price.

* You prefer to be an owner rather than a renter.

* You can handle the maintenance expenses and headaches.

* You are not greatly concerned by dips in home values.

Provided By Inman News
- Return to Buyer's Questions
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The multiple listing information is provided by the CRIS Multiple Listing Service from a copyrighted compilation of listings. The database of listings is updated several times daily. The compilation of listings and each individual listing are 2023 the CRIS Multiple Listing Service all right reserved.
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