Posts in category 'Buying A Home'

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today's power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:

• 88% – a better chance of saving for retirement
• 87% – the best investment plan
• 85% – the chance to be better off financially
• 85% – the chance to build up wealth

Additional financial advantages of homeownership included in the survey are having the best overall tax situation and being able to live within your budget.

Does homeownership actually give you a better chance to build wealth?

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So many of us are asking this question right now and it's not an easy one to come to a quick conclusion.

Whether you're buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.

However, there's one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:

1. Do I think home values will be higher a year from now?
2. Do I think mortgage rates will be higher a year from now?

From a purely financial standpoint, if the answer is 'yes' to eitherÂ...

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Whether you are new to the home-buying process or a seasoned homeowner selling your home, you will likely be faced with a flurry of details and big decisions, making the process seem overwhelming.

We're here to help. At Montague, Miller & Co., we take pride in our ability to educate and guide our clients to successful outcomes through professionalism and honest counsel. As a three-generation family company, we've been serving Charlottesville and surrounding communities for over 75 years.

Our Montague Miller & Co REALTORS® live and work in your community. We have a breadth of experience navigating competitive markets to help you find your perfect home, or sell your home for the best price, all the while ensuring the process is a...

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Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today's low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there's still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don't have that much saved yet. The reality is, whether you're looking for your first home or you've purchased one before, you most likely don't need to put 20% down. Here's why.

According to Freddie Mac...

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Highlights:

• A real estate professional is an expert who can advocate on your behalf throughout the process when building a home.
• Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish.
• If building is the right choice for you, work with a trusted real estate professional who can help you successfully navigate the path to your dream home.

research by Keeping Current Matters