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Sooner is Better than Later-Twin Cities buyers shouldn’t wait

January 22, 2013 by · Leave a Comment 

Buyers who have delayed purchasing a home due to concerns about what might happen to the tax laws affecting home ownership should feel comfortable about getting back in the market. The recent legislation passed by Congress and signed by the President continues to value homes as a favored investment.

For a summary of specific real estate provisions in the “Fiscal Cliff” bill, click here http://www.realtor.org/articles/real-estate-provisions-in-fiscal-cliff-bill

Whether the delayed purchase is for a home to live in as your principal residence or to use as rental property, taking action sooner is better than later.

Reasons to buy now:

1. The house payment with taxes and insurance is probably cheaper than the rent.

2. Rents will continue to rise making the difference even greater in the future.

3. Lock-in the principal & interest payment with a fixed-rate mortgage.

4. 30 year mortgage terms are available to most borrowers.

5. The mortgage interest deduction is intact for the majority of taxpayers.

6. The capital gain exclusion for principal residences up to $500,000 remains in place.

7. Prices are going up due to lower inventories and several years of low housing starts.

Contact me about any specific questions you have or information you need John-952-929-2577 Visit http://www.MplsRealtor.com for stats that will confirm the uptrend throughout the majority of the Twin Cities market.

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?



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Disclaimer: This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Results is not a mortgage lender and so you should contact a mortgage broker or lender directly to learn more about its mortgage products and your eligibility for such products. Regarding specific blog postings, external links and any other information found on this site, neither John Mazzara nor RE/MAX Results assumes any responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. John Mazzara and RE/MAX Results are not associated with the government, and our service is not approved by the government or your existing lender. Even if you accept this offer and use this site and/or our services, your lender may not agree to change your loan should you decide to pursue a short sale or any other change involving your loan or loan terms and conditions. If you should decide to engage our services in marketing your home as a short sale, there will be no up front cost to you and you may cancel our listing contract at any time.

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