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Buying a Home

Benefits of Home Ownership

Congratulations on deciding to purchase a home! While there are many responsibilities associated with home ownership, there are also advantages. In addition to being able to turn up the T.V. without waking the neighbors and not having to ask permission to get a dog, there are several financial benefits as well:

• Appreciation - While the market fluctuates, over time your home will gain value.
• Tax Deductions - As a homeowner you can deduct both your mortgage interest and your property taxes every year.
• Equity - When you pay rent, you give your landlord money, but as you pay your mortgage you pay off part of your house each month.
• Fixed Payment - Having a fixed-rate mortgage can protect you from inflation. With rent your payment can go up over time but your mortgage payment will be the same for 30 years.

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Mike Tyree, Broker - Jeff and Nancy Livingston, Owners Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/23/2012. The listing information on this page last changed on 02/23/2012. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Mercer/Tazewell MLS (last updated Wed 02/22/2012 6:27:20 AM EST). Real estate listings held by brokerage firms other than C21 Select Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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