Reasons to Buy

 

Home Ownership Pays
No question about it, home ownership is a big investment, maybe the largest you'll ever make. But over time, it's an investment that pays for itself many times over. Here's how:

Tax Advantages

• Mortgage interest is tax deductible.
• Real estate taxes are tax deductible.
• Local tax benefits are available in many areas.
• You can enjoy tax-free gains up to $500,000 from the sale of a primary residence that you have occupied for two of the last five years if you are married and filing jointly. If you are single or married and filing separately, you can enjoy tax-free gains up to $250,000. Moreover, you can use the exclusion as often as you meet the qualifications.

Investment Benefits

• You build equity over time, which you take out in cash when you sell your home.
• The profits from home investment are often greater than from many other investments.
• Because you can borrow against it in most states, home equity can be a source of emergency funding.
• Land appreciation adds to the value of your home.
• For many, home ownership is an important part of retirement planning.

Personal Satisfaction

• You gain more living space.
• You enjoy the satisfaction and pride of home ownership.
• Home ownership, for many people, is a sign of independence and achievement.

Once you've made the decision to buy a home, it's time to start looking. There are so many ways to look for homes, it can be very confusing. That's why you need a KRG agent (King Realty Group).  We will use our experience and education to narrow the search to just the type of house you are looking for. We have access to the latest listings and to a network of agents nationwide. We can pull up the most current list of houses that meet your personal specifications.

Another way to look for homes is by using the Internet. Using a system of databases and search engines, you can find listings for homes all over the country. Most major search sites have a category dedicated to real estate, but you can also use the basic search engine and try any or all of these keywords and phrases: house, home, buying a home, selling a home, real estate. These searches will lead you to information about buying and selling, listings of agents and home listings.

One thing to remember is that the latest listings may not be available on the Internet. It takes time to add listings and in hot markets, houses may sell before they even get a chance to be put online. The Internet is a great place to gather information, comparison shop and become familiar with real estate terminology. But the best place to find your dream home, is with a KRG agent.