Home buyers have more choices and more opportunities than ever before from financing options are that flexible and affordable to a selection of homes designed for practically any lifestyle. At 1First Realty GMAC Real Estate, the process of buying a home is easier and faster. If you are wondering if home ownership is right for you, the facts below may help making a decision.

     The Facts of Ownership

• It's a good investment opportunity. A house offers leverage and the possibility for appreciation in value.
  
• It offers tax break advantages. Mortgage interest and property taxes are tax deductible, saving you money each year.
  
• Youth is no longer a disadvantage. The average age of first-time home buyers is 32 according to the National Association of Realtors. With the variety of financing options available today, young people are finding that they are no longer priced out of the real estate market.
  
• The waiting game is a losing game. Don't wait for prices to fall. In 1984 the median price of an existing home was $89,400. In ten years the median price rose 61 percent to $145,400.
  
• Renting is no protection against rising prices. Rental properties are also susceptible to a rise in taxes, insurance and utilities - which landlords pass along to their renters.

     True, you shouldn't rush into buying a home. You should consider a visit with your banker or lender to ask about pre-approval. Once you know your price range, take a look at several homes so you can compare their sizes and features. What type of home do you want? Here is some food for thought!

• What style of home do you want?
  
• What features do you want in a home?
  
• What type of neighborhood would you like to live in and what are its zoning laws?
  
• What services does your neighborhood provide?

     Buying a home is serious business. It's where you'll live for a number of years and you'll want to be happy with your decision. 1First Realty can help make the home buying process easier for you with their selection of listings (including multi-list service), their knowledge of property in the region and their assistance throughout the buying procedure. Friendly and professional service is what you'll find when you turn to 1First Realty GMAC Real Estate. Contact them for more information online or call 573-472-0012.

For Sellers
Pricing Your Home :: Selling Tips :: Gather the Facts

For Buyers
The Decision to Buy :: Financing Options :: Home Buying Checklist