3 Homeowner Secrets Your Buyers Would Love to Know
June was Homeownership Month. And as a REALTOR, your job is to emphasize the value of homeownership. It's the product you sell, and you need to let people know that being a homeowner has significant financial advantages.
Here's the first one:
The average homeowner has 40 times the net worth of the average renter.
Why?
The number one reason is that every time you make your monthly mortgage payment, a portion goes towards principal reduction. It's like a forced savings account, building up over time. When you sell the property, you benefit from this accumulation.
Additionally, you have appreciation. Every year, the home's value increases, sometimes more, sometimes less, but over a 30-year mortgage, the property value generally rises.
On top of that, homeowners receive substantial tax benefits that renters don't.
These are three key reasons why someone should consider becoming a homeowner today.
Your job is to provide people with a path to homeownership. The biggest resistance point...
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