11 Reasons to Purchase a Home Now

  1. Tax Write off: According to the U.S. Tax Code the interest you pay on your mortgage, property taxes and private mortgage insurance are all tax deductible. 
     
  2. Interest Rates are historically low: In the last 30 years mortgage rates have averaged considerably higher than they are today. Currently mortgage rates are 5.00%!
     
  3. Home Value: While the median price of a single family home nationally has gone down, the Charlotte Real Estate has thrived and increased in value. The Charlotte market is still considered a buyer’s market thanks to the ongoing, tremendous growth.
     
  4. Equity: Better than a savings account. Your home can appreciate to keep pace with inflation. With tremendous growth in the Charlotte market homeowners have been enjoying an annual increase in equity.
     
  5. Tax Deduction on Sell: Building equity in your home is like building interest in a bank account. When you sell your home, you can take a tax deduction of up to $250,000 for an individual or $500,000 for a married couple for the equity you build in your home as long as you have owned your house for 2 years.
     
  6. Stability: If you are paying rent you know the rent will increase over years. When you are paying a mortgage your payment is locked in if you are on a fixed rate mortgage. Wouldn’t you rather have a consistent monthly payment?
     
  7. Established Credit: Home ownership makes you a solid part of the community and gives you the opportunity to establish a credit rating. Such a responsibility also develops self reliance and an appreciation of financial independence.
     
  8. Pride of Ownership: You don’t have to ask a landlord before you paint or do anything to your home. It’s your home! You can do whatever you want to your home and reap the benefits and enjoyment of your investment.
     
  9. Satisfaction: Home ownership offers special advantages that make life more enjoyable – backyard barbecues, family gatherings, a home workshop and the chance to enjoy your family’s companionship in the privacy of your own home. Your children grow up in a familiar neighborhood and you begin to establish your own roots.
     
  10. Do your part: Owning a home is not only still the “American Dream”, it is an important part of our national economy.
     
  11. Buying a Meeting Street home is one of the best investments in real estate you can make.
     





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