Tips For Mooresville North Carolina Homebuyers- You Can't Afford Not To buy A Home

Thinking that you can't afford to buy a home? Unsure about becoming a new homeowner in this economy? Think Again! The truth is you can't afford NOT to buy a home in the Mooresville and lake Norman North Carolina area. There are some really great deals out there right now!  A buyer has a plethora of homes to choose from including pre-foreclosure, foreclosures, short sales and homes that are just priced well by motivated sellers in the Mooresville and Lake Norman NC area. And, remember, not every foreclosed home needs a lot of work.

If you are currently renting your home, think about the following scenario,Let's say you pay $1000 per month for rent. That translates to an annual cost to you of $12,000 and if you stay in your rental home for 5 years it will cost you $60,000. A ten year stay translates to a LOSS in cash for you to be a whopping $120,000! Can you afford to just give that money to someone else to reap the benefits of acquiring equity in the property you call home? None of that $120,000 is returned to you, either through savings or tax advantages. Owning a home, on the other hand, brings you a benefit that can help you save money. Your mortgage payment, unlike monthly rent, comes back to you in tax savings. Your annual costs for a $210,000 home after deducting the tax benefits from the annual mortgage payment would be under $2000 as opposed to the $12000 you'd pay in rent with no long term benefit to you financially.

For most Americans, their home is the most important financial asset. Historically we can see that even though we are in a challenged market right now the market will come back to itself...corrected and strong! Smart buyers are taking advantage of incredibly low interest rates, a great selection of homes to choose from, and strong negotiating power. Remember, the $8000 tax credit for first time buyers is still available. check out yesterday's blog for an update on the tax credit extension push!

For information on all of Mooresville and Lake Norman North Carolina Real Estate just click on this link for the best Information Site For Mooresville NC Real Estate and either Ken or Denyse will get back to you right away!