Benefits of Home Ownership

Credit: Owning a home helps you establish financial credibility.

Independance: Owning your own home provides you with independance and more privacy than renting. You are free to paint walls, plant flowers, keep pets and anything else within legal bounds.

Investment: As you make more payments and own more of your home, you add to its investment value. Most improvements you make will add to its value.

Pride: A home reflects its owners value and lifestyle. Owning a home can provide you with a source of pride, enjoyment and satisfaction.

Security: A home can provide security against inflation because the value of your home increases as prices go up.

Stability: Being established in a community provides a sense of belonging, stability and security.

Tax Advantages: Interest on your mortgage loan is deductable on your yearly personal income tax return. Many of the closing costs associated with purchasing your home are dedeuctable, as are your property taxes

Buyer

1. Considers Purchasing a home

2.Consult a Mortgage Company

3. Selects a Coldwell Banker Maverick Realty Agent

4. Determines needs and wants

5.Discuss Financial Issues with agent

6. View and Research Target Homes

7. Make an offer

8.Seller accepts/rejects/or counter offers

9.Accepted offer

10. Inspections

11.Title Search

12. Appraisal

13.Final Loan Approval

14. Sign Closing Docs at the Title Company

15. Documents are Recorded

16. MOVE IN