Looking for a new home in Clifton Park? Here are some tips:
A Good Investment: As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.
Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds.
Income Tax Savings: Because of income tax deductions, the government is subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.
Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.
NO COMMISSIONS: It has been said that the buyer does not pay the real estate commission. Well... using the previous example, who really paid the commission? Both the buyer and seller did. The buyer in the form of a higher sales price, and the seller in the form of a reduced equity check.
GET WHAT YOU WANT: You know what you want better than anyone else. And, you can see whatever you want when you want. Some agents show homes by whether or not it is listed with their company, not by whether the home suits the buyer's requirements. And, before you know it, you may be looking at homes that are more than what you want.
CUT OUT THE MIDDLEMAN: You're dealing with the source. The seller knows their house better than any real estate agent could. They can answer your questions about schools, shopping, and how much their utility bills are. They can tell you that the neighborhood has get-togethers and cook-outs, who the neighborhood baby sitter is, etc. AND, they don't have to call another agent who calls the seller, then calls the agent back, who then calls you.
See our Interactive Clifton Park history map and see some of the places and people that have made our community what it is today! Click here |