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Five Great Things about Homeownership
by Carla Hill
An application for REALTORS®

If you’ve been on the fence about homeownership, now is the time to take a leap! Don’t let the negative press deter you from one of life’s greatest joys.

Take a look at five short and sweet reasons that homeownership is great!

1. Equity. When you pay rent, you never see that money again. It is lining the landlord’s pocket. Yes, buying a home may come with some hefty initial costs (downpayment, closing costs, inspections), but you will make that money back over time in equity built in the home. Historically, homes appreciate by about 4 to 6 percent a year. Some areas are still experiencing normal appreciation rates. For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Homeownership is about building long-term wealth. A home bought for $10,000 in 1960 is most likely worth 10 times that in today’s market.

2. Relationships: Renters tend to see their neighbors come and go quickly. Some people sign year leases while others are in the community for much shorter terms. Apartment complexes also tend to have less common shared space for people to meet, greet, and socialize. Homeowners, however, have yards, walking trails, or community pools and clubhouses where they can get to know each other. Neighbors stay put much longer (at least three to five years if they hope to recoup their closing costs). This means more time to develop relationships. Research has shown that people with healthy relationships have more happiness and less stress.

3. Predictability: Well, as long as you have a fixed-rate term on your mortgage it’s predictable. Most people buying homes today know that a fixed-rate is the way to go. This means your payment amount is fixed for the life of the term. If your mortgage payment is $500 today, then it will still be $500 a month in 10 years. This allows for people to budget and make solid financial plans. The sub-prime crisis meant many homeowners with adjustable rate mortgages saw their monthly payments rise and then rise some more. Homeownership, though, generally comes with a predictable table of expenditures. Even the big purchases are predictable. You know most roofs last just 15 years (or so). You know that each year you’ll need to pay for the gutters to be cleaned, and so on.

4. Ownership: Okay, this is a given. Homeownership means you “own” your home. That comes with some incredible perks, though! You can renovate, update, paint, and decorate to your heart’s desire. You can plant trees, install a pool, expand the patio, or do holiday decorating that would rival the Kranks (if the HOA allows!). The bottom line is this is your home and you can personalize it to your taste. Most renters are stuck with the same beige walls and beige carpet that has been standard apartment decor for 20 years. Now is your chance to let your home speak!

5. Great Deals: It’s a great time to buy. Interest rates are at historic lows. We’re talking 4.0 percent instead of 6.0 or higher. This means big savings for today’s buyers. Home prices have also taken a dip since the recession, which means homes are more affordable than ever. If you have steady income and cash for a downpayment, then be sure to talk to your local real estate agent about what homes in your area could be a fit for you.

Homeownership can be a real joy. It’s time to get off the fence and into a home that is right for you!

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Try this great link to search Silver City NM real estate on Realtor.com http://www.realtor.com/homes-for-sale/silver-city_nm

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5 Things to do Before Putting Your Home on the Market

1. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.

2. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin.

4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments?

Now you are ready to call me for your Silver City ,NM Real Estate Marketing Analysis . I will prepare several scenarios to get your home SOLD

Buying and selling a home at the same time is a daunting task. Add a slowing housing market to the equation and the experience has nightmare potential. Your dream home in Silver City ,NM may be more affordable, but unloading your current one may be harder. Borrow from your 401(k) If you need only a little bit of money for a down payment, or want to supplement a home-equity line of credit, you could borrow from your 401(k). Most employers allow workers to borrow either 50% of their vested balance or $50,000, whichever is less. You then have the next five to 10 years, depending on your company’s rules, to repay the loan plus interest (which you pay into your account), which typically runs one to two percentage points above the prime rate. But be warned: If you leave your job for any reason, you’ll have to return the money immediately or pay the taxes and a 10% penalty. And since this is your nest egg, we would recommend paying off the loan as soon as you get the proceeds from your first home’s sale Use our mortgage amortizer to see what money you need to purchase your Silver City Dream home. There is a potential to save thousands of dollars but time is running out. If you’re thinking of taking advantage of the government’s homebuyer tax credits you must have a contract to purchase a home by the end of this month. First time homebuyers can get a credit of up to $8,000. First-time homebuyers: To qualify as a first-time homebuyer, you must not have owned a home in the last three years. The tax credit is 10 percent of the purchase price of a home up to a maximum of $8,000. This applies to a single taxpayer or a married couple filing a joint return. Married couples filing separate returns qualify for half that amount. The $8,000 credit applies to sales in 2009 and through the end of April. Homes bought in 2008 also get a tax credit, but the rules are different. Drop by our office on 1001 Pope Street to talk about how you might use this information to your benefit

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Choose Homes for Sale and Real Estate in Silver City, New Mexico
It is not a difficult task to locate Silver City homes for sale because there are always plentiful homes available for sale in the Silver City. However, if you want to find the right home that meets your exact demands or requirements, you need to be attentive of three factors: your home budget, specific home features, and location of your Silver City, NM home.
All You Need to Think about to When Looking at Silver City Homes for Sale
Fix your Home Budget
One factor you need to always keep in mind is the budget for the Silver City, NM home. If you do not want to exceed the home budget, you need to stay within a set range. Moreover, you should also take into consideration additional costs such as interest and closing costs. Keeping all financial factors in mind can prove to be helpful when it comes to finding Silver City homes for sale. It ensures proper management of your new home budget.
Considerations about Location
We all know that a home’s location plays a big role in determining its price. But some homebuyers forget to consider that location can also have an impact on their lifestyles. Think about what’s most important to you in your new neighborhood. Would you like to be surrounded by quiet streets and a lot of trees? Do you need high-quality schools nearby for your kids to attend? Again, think about what qualities you want and then rank them in order of importance. This list will help you make appropriate compromises to fit your budget.
Related Interests
• Silver City Homes: Realtor.com has over two million active home listings nationwide. If a Realtor® is listing real estate in Silver City or surrounding area, you’ll find it at Realtor.com, along with relevant details like description, property photos, maps and neighborhood information. Realtor.com’s listing of Silver City Homes for Sale includes both existing Silver City homes and new construction, so no matter what your taste or budget, you’ll find plenty of home options.
• Silver City Realtors®: Almost anyone can sell real estate, but only Realtors® are backed by the National Association of Realtors® and are bound by its strict Code of Ethics. Realtor.com is the headquarters for Silver City Association of Realtors® and is eager to help find a Realtor® near you.
• Home Buying Help: Realtor.com has the information you need for buying real estate in Silver City. For all sorts of real estate information ranging from how to sell your present home to real estate tax information to finding a competitive local mortgage lender or contractor — Realtor.com helps you from start to finish.
• New Mexico MLS Listings: Use our MLS search tool to find active real estate listings nationwide.
• If you’re researching Silver City local real estate market, use our Silver City property search to find past home sales information and neighborhood school information.Related Interests
• The Silver City sold homes prices search returns reliable, current, and accurate information so that you can research home values with confidence.
• Silver City New Home Construction – If you are interested in a new home construction, Realtor.com can help you find the new home of your dreams.
• Search our Directory of Silver City real estate agents. If you want to buy a home, you need the assistance of REALTOR. They’re the professionals who can help you find a home, sell your home, make an offer on a home, deal with buyers, and more.
• Silver City Homes for Rent – Let Realtor.com find the rental home of your dreams.
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