Renting the roof over your head has its time and place.

But each monthly payment you make is making the monthly mortgage payment for someone else.  That is fine in many cases.

Buying a home, whether in Charleston or Chicago, is an important decision – whether you are  buying your very first home, downsizing, relocating, or upgrading.    But if you’re stable, in time, place and finances, owning has notable advantages.

Tax Savings

Owning allows for significant tax savings.   You can deduct mortgage interest and property taxes from your federal income tax and many states’ income tax if you itemize your deductions.

Equity
Real estate traditionally appreciates ( if you’ve paid a intelligent price for the home ).  You may build equity in your home over the life of your loan.   It felt good to receive a $35,000 equity appreciation check from a home I bought 3 years ago and just sold in Florida.

Stable monthly housing expenses
Your monthly mortgage expense CAN remain the same for the life of your mortgage, depending on the type of loan you choose.

I am ready to help you start taking advantage of the benefits of being a homeowner.  It’s a buyers market right now in Charleston, Mt Pleasant, Isle of Palms and Sullivan’s Island.   Real Estate prices are down as are mortgage interest rates.

On the Gooden + Faircloth website, click on MLS Search above to review the many great options you have in the market right now.   Better yet, click on Contact me and let me assist you with your search.

Owning your own home is within your reach.    We look forward to the opportunity to help you find that perfect home.

Rebecca Gooden