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Benefits of Home Ownership
The Greater Rochester Association of REALTORS® Wants You To Know…
Benefits of Owning a Home…
Long term investment
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Home ownership is an investment in your future. It provides shelter and security, and fosters involvement in community life, and provides important social and economic benefits.
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Homeowners are more likely to vote, and they volunteer time for political and charitable causes more frequently than renters.
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Owners move less frequently than renters, providing more neighborhood stability. In turn, involvement in community quality-of-life issues helps prevent crime, improve childhood education and support community upkeep.
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Homeowners stay in their homes a median of 6 years.
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Homeowners benefit from the power of leverage. Over 10 years, a $10,000 investment in the stock market at an average 10 percent market rate of return would yield $23,600. The same investment as a down payment on a $200,000 home at a normal appreciation rate of 5 percent would return nearly 5 times the stock market return, at $110,300.
REALTORS® add value
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Buyers and sellers give high marks to REALTORS® for the expertise and professionalism they bring to the real estate transaction.
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Nearly 9 out of 10 recent buyers and sellers would definitely or probably use the same agent again in future transactions or recommend their agent to others.
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Today’s typical home sale involves more than 20 steps to complete the transaction. REALTORS® make sure everything goes smoothly to ensure a successful transaction. Click here for more info on this topic.
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Recent buyers identified the following benefits provided by their real estate agent:
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Helped them understand the process
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Pointed out unnoticed features/faults with property
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Improved buyer’s knowledge of search areas
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Negotiated better sales contract terms
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Provided a better list of service providers
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Shortened buyer’s search
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Provided a better list of mortgage lenders
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Financing is Available
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