Columbus  Georgia

First-Time Home Buyers

First-time home buyers often wonder if they should purchase a home or wait with the hopes of a price decline. I will tell you, if you continue to wait; you may never be able to afford to get into the housing market. Columbus, GA and Phenix City, AL home prices are currently moderate, but rent continues to climb. The best way to build wealth is to own your own home. Homeownership = home equity + generous tax deductions. As the property builds equity over time, you can then use those $$$ to sell the starter home and move into a bigger house.


With so many homes on the market, you may need to initially scale back expectations for your first starter-home. Instead of trying to buy a 2,000 square-foot home, you may want to consider shopping for a 1,500 square-foot home. Remember, the sooner you make the move from renter to a homeowner, the quicker you will begin to create and build up YOUR families wealth – not your landlords.


Dana DeLuca
www.ColumbusHomeDreams.com
www.MyFtBenning.com

12/10/2007 9:38 AM

You contacted me on girlfirnds cafe. Email me and maybe we can help each other out. I used to work in the business and also at a mortgage company. Maybe we can help each other out. I now own a travel agency.

2/10/2008 11:24 AM

First-time homebuyers may want to use term life insurance instead of the mortgage insurance offered by the lending institution. Term life insurance is usually much cheaper; it also gives the homebuyer the control of naming the beneficiary. Term life insurance also remains constant in it's value; bank mortgage insurance decreases in value as it only covers the balance owing on the mortgage. Term life also offers conversion policies; where the term life policy automatically converts into whole life insurance once the term has been completed; this usually does not require the submission of new medical information. Consult with a licensed broker about all your options; it's also a good idea to compare term life insurance quotes online in order to get the best price.

1/28/2009 8:24 PM

I'm seeing a lot of negative info on TV about real estate. In light of what has happened to my 401k would I be better off in holding rental property.

1/28/2009 8:24 PM

I'm seeing a lot of negative info on TV about real estate. In light of what has happened to my 401k would I be better off in holding rental property.

Add New Comment

Add New Comments
- Post A Comment -

Name:

Email Address:

URL:

Remember info?

Comments:



WE KNOW HOW MUCH HOMES IN YOUR NEIGHBORHOOD SOLD FOR!

Our database contains sold values for most of the United States AND Columbus!   Please email me with any comments or questions you may have about this free service!




INSTANT ESTIMATE
Enter Your Zip Code :

(c) 2006 All Rights Reserved - Columbus Real Estate - Columbus Real Estate Web Design