04.13.09
Madison MS Real Estate – Buying Your First Home
Is this a good time for first time home buyers to consider purchasing Madison MS real estate? It’s a familiar question with the economy in the state it is in. Here are a few reasons why a home is still a great investment for first time home buyers.
Pride of Ownership
This will never go away no matter what the economy is like. Owning your own home is the American dream for a reason. It just feels good to take care of a home that’s yours and yours alone.
Tax Incentives
Owning your own home is one of the best tax deductions. The new stimulus plan makes that tax incentive better than ever before. Not only can you deduct your interest payments on your tax forms this year and for every year during the life of your mortgage, the stimulus plan allows a huge homebuyer tax credit of $8,000 for homes purchased in 2009 by first time home buyers.
Your property taxes are deductible too. Many first time home buyers understand that they can deduct the mortgage payment interest but don’t realize they can declare their property tax as well for an even bigger yearly deduction.
Equity
Yes, even now, you will begin to build equity with each year you’re in your new home. Equity improves your credit worthiness and gives you options for loans in the future if you need them.
Take the first step toward buying a new home and contact me. I’ll help you find the perfect place for you and your family in the Metro Jackson Mississippi area. And, I’ll help you get it at a great price. Call me at 601-942-3392 or email Paula@PaulaRicks.com now.
Paula Ricks
Coldwell Banker Nell Wyatt, Inc.
Ridgeland, Mississippi
www.PaulaRicks.com
Paula@PaulaRicks.com
Call direct: 601-942-3392
Paula’s Blog » Blog Archive » Why Is Now a Good Time to Buy Madison MS Real Estate? said,
June 4, 2009 at 10:56 am
[...] In spite of problems in the housing market, experts agree this is a great time to buy real estate in Metro Jackson, Mississippi, including Madison MS real estate. First-time home buyers can take advantage of the many tax breaks allowed by the stimulus plan, and everyone can benefit from the fact that the stimulus package includes help for banks so that they can provide mortgages. There are other reasons the current market is good for new home buyers, too. [...]