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First Time Homebuyer IncentivesBuying a home for the first time can be a challenging and anxiously awaited process. Whether you are looking to step onto the property-buying ladder in Riverside or Redlands, you may worry about your financial situation, or about whether or not you can truly find the right home and the right location. You may even worry about whether or not you should buy at all. These concerns unite homebuyers around the country, but there are some truly great reasons why first time buyers in the Inland Empire should feel positive about their plans to purchase a home.
Ownership equals security and freedom. You may have been very comfortable as a renting tenant in the past, but few things offer a greater sense of security than owning your own home. You money is going towards an investment you own there is no landlord, and you are free to redecorate and remodel as you see fit.
Your home ownership can offer great tax benefits.
If you live in your home for two out of the five years preceding a future sale, you can enjoy significant tax free gains – up to $250,000 if you are single and up to $500,000 if you are a couple. As a homeowner, you can also potentially deduct your mortgage interest from your tax bill, and receive a first time homebuyer tax credit.
Do you feel ready to buy your first property? As a professional Inland Empire realtor, I look forward to guiding you through to your first dream home.
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