Even though the tax credit for qualified first-time home buyers has ended it's still a great time to buy!

Ownership:
It’s not the monetary reason, maybe not even a rational one – but it’s most definitely an emotional experience to purchase your own little corner of the world. No longer tied to the rules and decisions of a landlord or fret about whether or not your lease will get renewed. You’ve got the pride in knowing you’ve got a home of your own to make memories with your family and begin building wealth.

Equity:
Instead of growing your landlord’s wealth, your monthly payment builds your own family nest egg. This not only begins the process of building wealth and forcing savings, but also puts a “safety net” in place for those unexpected emergencies that life tends to throw our way. As a homeowner, you have the ability to set up a “home equity line of credit” ahead of time which can cover you when times are tough.

Tax Benefits:
While it’s true you’re no longer going to get a big “bonus” check from Uncle Sam, you will be able to deduct mortgage interest and property tax from your annual tax return. It can literally save you hundreds every month! You can also consider another big tax break in terms of capital gains; if you sell your home in the future you can receive up to $250,000 as a single person or $500,000 as a married couple in appreciation tax-free.

Appreciation:
The value of your home will increase at the rate of inflation plus additional points. Let’s give you an example: A $235k home becomes worth $485k at 3% appreciation after 30 years, but it becomes worth a whopping $649k at 4% appreciation. One percentage point makes quite a difference! That’s money you’d never “appreciate” just renting a home!

Great Investment:
Today’s low interest rates and still low sales prices coupled with motivated builders and sellers make now a great time to “invest” in your family’s future. Buying a home today will allow you to grow equity, build credit and create financial stability.