Use this firsttuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a list of all our FARM letter templates, visit our FARM Letter page.
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Tired of renting? Become a homeowner!
Compared to owning, renting definitely has its drawbacks. Your rent goes up every year, your monthly payment is not building equity, and you can’t personalize your home. You leave a lot of money and opportunities on the table when renting.
Trade in your rented home for homeownership!
The advantages of owning include:
- a fixed monthly mortgage payment for 15 or 30 years without change;
- equity building up in the property as your payments pay off the mortgage balance;
- the ability to make significant DIY changes and truly personalize your living space;
- the benefits of an annual property tax write off and profit tax avoidance on a resale up to $500,000; and
- closer ties to your community.
As an experienced real estate agent, I’m happy to answer your questions about transitioning from renting to becoming a first-time homebuyer. Contact me for more information!
My own situation involves needing significant upfront capital before I could even consider a purchase. This financial hurdle is a major factor many people overlook.