5 REASONS YOU SHOULD BUY A HOUSE NOW!

Here are the 5 reasons you should buy a house now:

1. We are in a buyers market. Meaning that there are more houses to choose from and less competition compared to this time last year.
   
   
2. Some sellers are giving buyers money for closing cost. Imagine getting anywhere from $1,000 up to $35,000 to help you buy a house.
   
   
3. The U.S. tax code lets you deduct the interest you pay on your mortgage, property taxes, and some of the costs involved in buying your home.
   
   
4. Money paid for rent is money that you will never see again, but mortgage payments let you build equity in your home.
   
   
5. Building home equity is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owning any federal income tax.
   Owning a home is an exciting experience. Especially with all the benefits that I mentioned above and a bunch of others I have not mentioned. It is a straightforward and clear-cut process to get you into your ideal home.
   

Typical Buyer's Step-by-Step Process

1. Buyer makes offer, seller accepts.
   
   
2. Buyer's makes an earnest money (good-faith deposit) deposit roughly one thousand dollars.
   
   
3. Lender orders appraisal.
   
   
4. Home inspection is ordered. A home inspection will roughly cost $300.00 which we would pay for you at closing.
   
   
5. Any repair issues are negotiated with the seller.
   
   
6. Termite inspection is ordered.
   
   
7. Surveys are ordered after a successful appraisal and inspections--buyers don't want to invest too much into the property until they are sure it's a go.
   
8. Buyer applies for hazard insurance and the information goes to the lender and closing attorney.
   
   
9. Nearing closing date, buyer arranges for utilities to be switched over. Closing takes place at the office of the buyer's settlement company.
   
   
10. Buyer gives attorney certified funds to pay for closing and signs loan papers and other required documents.
    
    
11. Attorney records new deed at the courthouse and disperses funds due to all parties.
    Daniel Mushala is a licensed Realtor in Maryland, DC and Virginia. He is a member of the Prince George’s County Association of Realtors and the National Association of Real Estate Brokers.
    

Daniel Mushala is a licensed Realtor in Maryland, DC and Virginia. He is a member of the Prince George’s County Association of Realtors and the National Association of Real Estate Brokers.
If you would like any information or would like to contact him. Email Daniel at  daniel@theidealcondo.com or visit www.theidealhomeforyou.com or www.theidealcondo.com