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Eileen M. Day REALTOR
BONANZA FOR
1st TIME BUYERS
If there was ever an opportunity for the first-time buyer to purchase a home, that time is NOW! If I was a current renter, I'd do everything possible to withdraw, beg or borrow the funds to make that first purchase. There'll never be a better opportunity. The reasons are two-fold - reduced home prices and tax breaks.
Home prices have fallen dramatically over the past few years. Real estate values have always moved in tandem with the economy. The country is in a recession so prices are down. Along with falling prices, you'll find vastly more opportunities on the market. You'll probably never have a wider choice of homes than today.
Despite the closing of most tax loopholes in the Tax Reform j\ct. the homeowner retained most of the major deductions. Just the deductions for mortgage interest and property taxes will reduce your taxes in a big way. It has been estimated that a homeowner's income taxes are one half that of a renter who makes the same income. Why delay buying your first home or condominium? The best time is NOW!
If there is anything we can do to help you in the field of real estate, please stop in at EILEEN M. DAY, Realtor, the Clopton House, Washington, Va.. 22747. Phone 675-3033, We're here to help.
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