Benefits of Home Ownership Through home ownership, the money you pay for shelter every month will be an investment in your future, not someone else's. Each mortgage check you write will build equity - the difference between what your home is worth now and what you paid for it. When you sell, you collect the equity as your profit. This profit can help put you into your next, larger home. Or you can tap the equity for college tuition loans or retirement funds at a rate which is generally lower than those available on personal loans. Also, paying on and ultimately paying off a mortgage is an excellent way to establish a good credit rating and prove financial stability. Your home purchase is not only an investment in your future, it's a powerful tax benefit as well. You can deduct both the interest in home mortgage payments as well as property taxes. Personal Freedom Home ownership frees you from the whims and dictates of a landlord. There will be no unexpected rent hikes. You will be able to decorate as you like, have a dog or cat, and make improvements on your property. You gain privacy and the freedom of expression. Pride of Ownership Perhaps the most intangible, yet powerful advantage is the pride of ownership. A home gives you and your family a feeling of stability and commitment. A special sense of security and satisfaction comes as you begin to put roots down in a neighborhood. Your family will enjoy the benefits of this decision for many years. Selecting an Agent Finding a good agent - one who knows and understands the local market - is the first step in your home search. A good real estate agent is a partner in your home search, someone with whom you'll be working closely. Spend the time to develop a strong relationship. Advantages of Using an Agent Your agent can give you valuable insight into the market and provide access to a large number of available homes through the Multiple Listing Service. Working every day in the local housing market, your agent is an invaluable source of advice on pricing, features, and trends. A Good Agent Does More Than Just Show Homes An agent can put you in touch with lenders, home inspectors, contractors, and any other professionals you need to complete your purchase. Don't hesitate to ask for recommendations - chances are your realtor knows qualified professionals in all of these areas. Choosing an Agent A good agent is experienced, with a strong knowledge of the local market and a willingness to put in the time required to help you find the right home. If an agent doesn't have the time, interest, or commitment to develop a thorough understanding of your needs, look for one who does. Working with Your Agent Once your search begins, make sure to take advantage of your agent's knowledge and experience. Don't hesitate to ask questions or request market data to help in the search.