Buying a home is not only a rewarding experience but also a wise financial move. For instance, you can deduct some of the costs associated with the purchase of your home from your annual taxes. What’s more, real estate almost always appreciates and it’s one of the safest investments you can make. And since you’ve got to live somewhere you might as well start building your equity in a home rather than paying rent and getting nothing for it at the end of the lease.

Use my convenient Financial Calculator to easily help you determine how much home you can afford to buy.

Remember that there are certain costs included in buying and owning your own home. Will a down payment be required? Do you have enough saved for this? How about the closing costs? Will you be required to take out private mortgage insurance? Often this is required if you put less than 20% down on a home.

Say you have enough money for the down payment and the closing costs, what about the PITI (Payment, Interest, Taxes and Insurance)? What about the costs of moving to your new home?

Owning a home is a big responsibility. Do you have enough money left over each month to cover any monthly maintenance expenses or emergency repairs? Think that brand-new home won’t have to be repaired? It might; no home is perfect and even new construction has faults.

You can see that there are significant costs associated with owning a home. Are you ready for that commitment? If so, I’d like to help. I’m an expert in the Wilmington real estate market.

When you’re ready to purchase a home in the Wilmington area, contact me and I’ll help you find the best home for you and your family.

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