What are the Benefits of Owning a Home?

Are you dreaming of home ownership? Here are 8 benefits of buying a home. They range from personal to financial.

It is YOURS! -  You can paint the walls any color you want, get pets, plant a garden, create an outdoor oasis, build a patio, or even a BBQ. You can create a home that meets your needs and tastes.

• Fixed Housing Payment - A 30-year fixed-rate mortgage locks in your monthly payment for 30 years. You know the rent will keep increasing.
• Sense of Community – Home ownership gives you a sense of pride and makes you feel more connected to the community and neighborhood.
• Stability – You can stay in your home as long as you want and avoid canceled leases.
• Credit – On-time mortgage payments substantially raise your credit score.
• Increase in Value – Homes are an investment, yes, home values are rising again. Home values have risen on average 5-6% in the past 50 years.
• Forced Savings – Your mortgage payments are increasing the amount of equity you have in your home and decreasing the amount you owe. The principal portion of your mortgage payments will grow your assets.
• Tax write-off – Well, at least at the time of publication, there are tax advantages to owning a home. Deduct mortgage interest rates and real estate property taxes on your income tax returns.  See your tax advisor for all up-to-date details.

As your agent, we will do the following: 

• Understand your needs, wants, goals and budget.
• Help clarify your priorities.
• Assist with finding a lender and other professional services.
• Offer guidance, consultation, loan analysis and recommendations.
• Educate you with a comprehensive review of the local real estate market.
• Maintain good and ongoing communications throughout the home buying and escrow process.
• Help you understand the neighborhood, communities, and quality of the local schools.
• Provide custom home searches providing the most accurate and up-to-date information on all homes with your criteria.
• Engage in a thorough review of all local area homes for sale.
• Call homeowners and schedule time for you to visit these properties.
• Make suggestions on area homes you may have missed.
• Assist buyers in narrowing their search and identifying top choices.
• Suggest contract contingencies to protect you, rather than the seller.
• Handle the negotiation process including the preparation of all necessary forms to make an offer or counteroffer to help you get your dream home at the best possible price and terms.
• Evaluate and advise with inspection reports, seller disclosures, preliminary title report issues, appraisal issues, HOA disclosures, escrow procedures, home warranty.
• Ensure all aspects of the purchase contract are performed on time and as prescribed.
• Assist you all the way through closing to ensure your interests are protected.

We have a total commitment to providing excellent service throughout your real estate transaction and have exceptional knowledge of the local real estate market in Cave Creek, Carefree, Scottsdale, Desert Hills, Phoenix, New River, Glendale, and other surrounding Maricopa County areas. We will go the extra mile for you to make sure your real estate transaction is a smooth one and we take pride in providing personalized service and will be highly involved in the actual purchase of your home.

Arizona offers various closing cost and down payment assistance programs to help first-time homebuyers realize their dreams of owning a home. These programs provide grants or low-interest loans to cover a portion of the down payment and closing costs. Eligibility requirements typically include income limits and being a first-time homebuyer. Some popular programs include the Home in 5 and HOME Plus.