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Home Buyers Guide

When buying a home, as with most endeavors, the more you know, the easier it will be. Proper planning will help you to focus on what you want out of your real estate purchase. Furthermore, planning will help you anticipate and prepare for requests from brokers, lawyers, lenders and a host of other professionals. This will allow you to complete your transaction with a minimum of hassles.

Advantages of ownership

  • Price Appreciation
  • Tax Deduction
  • Control Over Your Environment
  • Stable Living Costs

More than just a place to live, the real value of home ownership comes from owning a piece of real estate that may increase in value over time. Historically, homes appreciate in value and a profit can be made on the sale of your home. With traditional “principal and interest” loans, each monthly house payment you make goes toward paying off your loan and earns you a greater percentage of, or equity in, your home. Monthly rent payments earn you no equity and cannot later be recovered, as mortgage payments can, when you sell.

Unlike rent, which can increase annually, most mortgages have fixed or capped monthly principal and interest payments. This can provide the financial security that comes from knowing what your housing expenses will be from year to year.

Selecting a REALTOR
Though no law requires the use of one, a licensed REALTOR will provide a wide range of services and advice to assist you with the home buying process. In addition to finding available properties. See more about the benefits of using a REALTOR.

Equal Opportunity in Housing

Ohio and federal law both prohibit discrimination in the buying, selling, or renting of real estate based on race, color, religion, sex, handicap, familial status or national origin. Additionally, Ohio law prohibits discrimination based on ancestry or military status. Fair housing law covers discrimination in offering, showing, selling and renting homes, apartments, condominiums, and cooperatives. Anyone who feels that he or she has been discriminated against should contact the Ohio Civil Rights Commission or the U.S. Department of Housing and Urban Development (HUD).