I am Colette Cordner and I am a Power Ranch Realtor specializing in short sales, foreclosures, bank owned properties, waterfront homes, golf course lots, rentals, lease/purchases, lowest priced listings... I can find you the very best deal. I know the home values and prices per square foot on most models and will tell you in an instant if the home you are interested in is a bargain, a market priced home, or overpriced. I can also list your home and get you the very best market price. I am also very knowledgeable about real estate values in Gilbert, Mesa, Chandler, and waterfront and golf course homes as well. I love to market Power Ranch in Gilbert, Arizona because of its beauty and incredible market values.
For Renters
First-time home buyers have probably listened to friends', family's and coworkers' advice, many of whom are encouraging you to buy a home. Is buying a home the right thing to do? Relax. Having reservations is normal. The more knowledge you have concerning buying a home, the less scary the process will be. Here are some good reasons why you should buy a home. This is a great time to buy, especially in Power Ranch Gilbert Arizona.
Pride of Ownership
Pride of ownership is the number one reason why people yearn to own their home. You can paint the walls any color, turn up the CD player, hang that flat screen TV decorate your home according to your own taste. Home ownership gives you and your family a sense of stability and security. It's making an investment in your future. Check out my webpage at http://colettecordnerrealestate.blogspot.com/p/mls-search.html You can search any Power Ranch Homes for Sale. Let me be your Power Ranch Real Estate Agent.
Mortgage Interest Deductions
Home ownership is an excellent tax shelter and our tax rates favor homeowners. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return.
Property Tax Deductions
IRS Publication 530 contains tax information for first-time home buyers. Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes.
Capital Gain Exclusion
As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an individual or $500,000 for a married couple of profit from capital gains. You do not have to buy a replacement home or move up. There is no age restriction, and the "over-55" rule does not apply. You can exclude the above thresholds from taxes every 24 months, which means you could sell every two years and pocket your profit--subject to limitation--free from taxation.
Mortgage Reduction Builds Equity
Each month, part of your monthly payment is applied to the principal balance of your loan, which reduces your obligation. The principal portion of your principal and interest payment increases slightly every month. It is lowest on your first payment and highest on your last payment. On average, each $100,000 of a mortgage will reduce in balance the first year by about $500 in principal, bringing that balance at the end of your first 12 months to $99,500. that may sound depressing, but if you pay more in principle every month, that makes a substantial difference in your principal balance.
Buying a home makes sense in today's economy. Interest rates are low, housing prices are low. What are you waiting for? Let me be your Power Ranch Real Estate Agent. If you are interested in other areas, no problem!! Visit my website at http://colettecordnerrealestate.blogspot.com/
