Kathy Fetek and Laurie Tyler are real estate agents in Coldwell Banker Residential Brokerage’s Racine office. Each month, they’ll be sharing their real estate expertise with the readers of MetroMilwaukeeLiving to shed some light on various real estate processes. Today, they explain why there isn’t a better time than the present to buy a home.
So you’re ready to buy a home! This is definitely the right time to make the move. In fact it’s actually cheaper to own a home than to rent in many circumstances. As a renter you’re essentially paying your landlord’s mortgage for him. On the other hand, as an owner you build equity (the amount of value you actually have in your home) in your own name, plus you can get credits, e.g. deduction on your annual income tax return. (more…)