Why Buying a Home is a Good Idea

Even in today’s market, houses generally appreciate about 4 or 5% per year. It will obviously vary from year to year and neighborhood to neighborhood, but, for the most part, buying a home is a great investment. The tax benefits of home ownership far outweigh renting. And then there’s personalization: you can get the type of home that works best for your family and customize it any way you want! No landlords to haggle with about paint, parking, animals, etc. Being a home owner allows for freedom to start to live the American dream.

Things NOT to do before buying a home:

• Don’t buy any major purchases! You want to keep your debt ratio low. Major purchases include: cars, furniture, appliances, electronics, jewelry, vacations, etc.
• Don’t move money around! When a lender reviews your loan package, one of the things they’re concerned about is the source of funds for your down payment. A loan officer will look at your liquid assets, such as your checking and savings accounts, money market funds, stock market statements, 401K and retirement accounts to ensure quality control and potential fraud.
• Don’t change banks. On the same token as the above mentioned, it’s best to show a consistent banking history. Stay put until the close of escrow.

Lefton and Associates features top notch professionals in the real estate industry with a foundation of experience. We strive to make home buying a positive experience for you. We offer the strength of team work with a reputation for results. The finest compliment Lefton and Associates could ever receive is your referral of our business to your friends.

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Ventura County and Los Angeles County Realtor helping find their dream home. My website is update daily with the most up to date MLS listings on the market in Simi Valley,Moorpark,Thousand Oaks,Westlake Village,Newbury park,Oak Park,Ventura County and Los Angles County homes on the market.

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