The decision to buy a home for the first time, or first time in a long time after maybe renting for awhile, is exciting at any age. Buying can be a good investment if done right. Buying just to buy? Well, that’s up to you. Your Buyer Agent is with you to make sure your decision is the right one for your circumstances.
Here are a few Pros and Cons of Buying a Home. There are other pros, such as being able to do whatever you want on the property, be it painting, upgrades, adding exterior features such as a deck, covered patio, or gardens & shop. Cons include a potentially higher payment per month, but the interest paid is a tax write-off.
What drives each person to decide to buy a home now is different. Some have decided they love the town they live in and are ready to commit to a permanent home there. Some have family reasons, or school reasons.
Even if your idea is only to stay in this location for 5 years, the yearly home value appreciation is more than likely worth the buy, especially since you get tax write-offs for the interest paid each year.. Here are a couple example graphics to explain how Buying and the tax implications work.
Having someone representing you when searching for a new home can have a few perks. If you’re not familiar with all of the details of what it takes to get into a new home (e.g., paperwork, inspections, financing, title insurance, appraisals, and so on), an agent will be able to make the experience much easier and smoother for you.
The primary reason that you would want to sign up with a buyer’s agent is: BETTER REPRESENTATION
• Only YOUR interests (not the Sellers) in mind
• Better negotiation strategies based on the interest in the property you love
• A neutral position on the offer, no showing of hand to the other agent
• Handles all the complex contract docs
coordination of timelines & communication with other professionals
Overall, a buyer’s agent will make sure that your needs are met during the whole experience:
• You will be building a relationship with your agent, who will want to know what kinds of elements are most important to you for your new home and what parameters you’re hoping to fill.
When the negotiations begin, you will have a knowledgeable expert in your corner. The buyer’s agent will be able to guide you through the transaction, letting you know if there are risks or concerns along the way.
NOTE: Texas law requires ALL real estate licensees to give all consumers who initiate real estate transactions the following information about real estate services: