Any major purchase requires research, careful analysis, consideration and thought. Wayne, Oakland, Washtenaw and Livingston County home buying isn't any different. Determining the right location, number of bedrooms or bathrooms needed, and outdoor space may come more quickly to mind. However, there are many other factors to think about in your home search. At The Bruce Webb Team, we consider it our privilege to share with you the ins and outs of buying real estate. From your initial search to the moment you get the keys to your new home, we will be there, guiding you through the process. We'll even help you find the best mortgage rates, as not every broker will offer the same programs and rates.
As a potential home buyer, you may have a list of "everything" you want or need for your new home. As your agents, we will work with you to help you realize that list and find you the best Wayne, Oakland, Washtenaw and Livingston County home to suit you. If you are competing for a home and need to write a backup offer or have contingencies, we can help you with that as well.
Finding the right home can be difficult, but with us on your side, you will find the process is quite simple. We love helping first time homebuyers and seasoned sellers locate the right home.
Explore our local communities and search homes throughout the Wayne, Oakland, Washtenaw and Livingston County area to get a feel for pricing and features and then contact us to get more specific information on our towns. If you'd like to tour local Michigan homes, we'd love to go with you and show you the many options available in Wayne, Oakland, Washtenaw and Livingston County real estate.
Give us a call to see how we can help you find the home of your dreams!
7 Reasons to Own a Home
1. Tax benefits.
The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.
Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.
The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.