Many of us grow up assuming we will own a home one day, and while the days of taking everything for granted may appear as days gone by, home ownership is a viable dream that has it benefits. Recent reports show that those who own a home are often more financially stable than those who have decided to rent.  Home ownership is an investment. There are some people that do not believe a person's primary residence should be looked at as an investment, the reality is that a home is probably one of the most expensive purchases in your lifetime and, as such is a very important investment. Buying a home is a big deal and should be approached with thought and caution. Be sure to call an educated and experienced real estate associate, such as Phyllis Wolborsky & The Wolborsky Group to assist you with your real estate buying needs. Visit my website at www.PhyllisDidItAgain.com or www.AllenTate.com/PhyllisWolborsky to view all of my featured listing and the listings offered by our MLS service.  Visit Brian Wolborsky at www.Raleighhomeguide.com, or call 919-427-9508, call Mitchell Wolborsky at 919-270-1049, Kevin Wolborsky at 919-608-2000, Rick Freeman and Amy Davis at www.HomeSearchRaleigh.com or call 919-649-2941, or  919-649-6638. 

If you have been considering home ownership here are some of the benefits:

Affordability: Right now home ownership is at the highest affordability level seen in years. The historically low interest rates, high inventories and low home values have created an ideal buyers market. When buying a home it is very important to buy within your means. Know your budget, what you can afford now, and do not go beyond it. Before even looking for a home go through the pre-qualification process of acquiring a mortgage. You might contact Laura Sutton www.tatemortgage.com/sutton with Allen Tate Mortgage to assist with your mortgage pre-qualification. Remember, you are your own best advocate, do your research and know what expenses you will have at closing so you are not caught off guard and spending extra, unexpected money that you cannot afford. If you want to buy low, buy now. It appears COST has hit its lowest point. Please read Steve Harney's Blog at http://kcmblog.com/2011/03/01/if-your-goal-is-to-buy-low-buy-now/.

Community: Owning a home helps create roots in a community. Neighborhood involvement, dedication to local education, and community spirit all seem more prevalent for those who own homes and are dedicated to making their neighborhood a better place to live.

Tax Break: While there is talk about putting an end to the mortgage interest deduction, for the time being the tax law is still in effect. The ability to write off mortgage interest paid is an added bonus of home ownership that you will especially appreciate come April 15th.

Ownership: While you may start off by financing your home, if you stay in it long enough it will eventually be yours. Having your monthly payments go toward owning a home, rather than making your landlord richer, is a great accomplishment.

Equity: Owing a home is typically like owning a giant piggy bank. Homes typically appreciate each year, making your home more valuable the longer you stay in it. I know we are going through some tough economic times with home values in our market today, but I am confident this will turn around.

Home ownership is still seen as a beneficial move and when it comes to real estate there couldn't be a better time to be a buyer. For those who have steady income, money set aside for a down payment, and the desire to stay in an area for the next two to five years, it might just be time to jump off the fence and find the perfect home.  Call the educated and experienced real estate group, Phyllis Wolborsky and The Wolborsky Group. Phone: 919-876-2372, email: phyllis.wolborsky@allentate.com to assist you with all aspects of finding that perfect home.

Have a Great Day!