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Expert Tips for Home Buyers & Sellers

Our mission at The Gresh Group is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Tuesday, March 22, 2016

Why You Should Own, Not Rent

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Today, we’ll address why it’s better to own rather than rent in Northern Virginia.

The reality is, you have to live somewhere. You’re either submitting a monthly payment to a landlord or paying off a mortgage every month. It’s far better to pay off your own mortgage than someone else’s!

A mortgage allows a tax deduction, and that savings is huge for you! Whenever I help a first-time home buyer, they’re always shocked and delighted to see the tax savings by deducting mortgage interest. It’s incredibly rewarding.

Additionally, owning a home is a kind of forced savings. Since you have to either pay a mortgage or rent, a mortgage invests in interest and your principal.

If you’re thinking about buying or selling a home in the surrounding area, reach out by phone or email! I'm delighted to serve your real estate needs and answer any questions you might have.