Dallas, Texas (WiredPRNews.com) — Joan Severson, the leading Dallas Re/Max agent, shares helpful tips for people looking to buy a home or invest in property. She extends a helping hand to the people who are looking for their primary homes whether they are first time buyers or are relocating by selling their old home, or for those who want to invest in real estate.
The Dallas real estate agent explains some common issues people make in decision making process for a new home:
Buying versus Renting
Joan Severson stresses on the need of buying a home instead of renting it. People think of renting out a home as any easy task. Joan explains that amount paid as rent is an expense that can easily be converted into an investment. She says, “Many people are unaware that interest on mortgages and property taxes are tax deductible expense and can be deducted monthly.” In her website, she also calculates the rental payment versus mortgage payment to help people understand the advantage of buying a home and renting it.
“A renter paying $1,500 rent monthly will sometimes say they want to buy a house that won’t cost more than $1,500 monthly, when a $200,000 home mortgage at 6%, 30 years costs $1,199 monthly and a property tax of $300 monthly, totaling $1,499 monthly, has a annual tax deductible expense of $17,989, which at a 25% tax bracket saves $375 from the monthly cost for a true expense cost of $1,124 monthly. It also increases the asset in the property by $2,456 the first year and also may appreciate in value.”
Where to buy?
The question of where to buy is most certainly easily answered with the help of a real estate agent who knows the requirements of a family. Close proximities to school, shopping malls, commercial areas etc are preferable but at the same time budget constraints force people to look for places which are distant. Joan, with her experience in Dallas, McKinney, Plano, Frisco, Allen etc., can help people to locate home of their choice which is well within their budget.
Foreclosures & Short sales
“There is also a “mortgage crunch” at the present time resulting in many Short Sales and Foreclosures that can result in substantial savings,” says Severson.
Joan has over 30 years of experience in helping people in buying and selling homes and has looked after the investment needs of real estate investors.
For more information on buying home or investment in real visit Joan Severson’s website the Dallas Texas Realtor website: