Why Buy? Buying vs. Renting

Buying a home is an investment in your future financial well-being. Renters sometimes think they can't afford to buy. However, before you sign another one year (or longer) lease, consider a few facts:

Did you know that home ownership has tax advantages? For additional information, go to the IRS website, or download Publication 936, Home Mortgage Interest Deduction.

You might also consult the Motley Fool section on the tax implications of home ownership, which includes a calculator to estimate potential tax savings.

Concerned about the "housing bubble" that's been in the news? A recent study by the National Association of Realtors found "very little danger" of a housing market burst for the Washington, DC metropolitan area. In fact, it reports "potential for significant housing equity gains." You can download the study and supporting data. You can also find additional information on NAR's website: www.realtor.org.

You might also want to consult the GinnieMae's section on renting vs. buying, and rent vs. buy calculator.

Of course, when making a major investment decision, whether it's buying a new home or investing in real estate, you should always consult your financial advisor.

Don't forget, as a buyer with Samson Realty, LLC, you'll benefit from our cash back program. To calculate your potential cash back, use my cash back calculator.

*The Home Front: A Blueprint for Buying—or Renting; Act Today? Tomorrow? Never? Book Helps Gauge Effects Of Rates, Demand, Taxes, Wall Street Journal, October 28, 2005