Walter Seuell Realty
Walter Seuell
Walter Seuell Realty

Interactive Map Search

Use our Interactive Map Search tool to view properties directly on the map. Easily view listings in your favorite neighborhoods.

Search

What's Your Home Worth?

Are you thinking of selling your home? Get a free evaluation and market analysis of your home with absolutely no obligation.

Get Valuation

Email Property Alerts

Get alerts of new properties meeting your search criteria delivered right to your inbox. It's FREE and you can cancel at anytime.

Sign Up


With the recent rise in rents all across the Atlanta Metro Area, more and more people are comparing owning versus renting. Interest rates are still at historic lows. The average 30-year fixed rate mortgage coming in at 2.375% - 2.75% depending on your credit score. With the rates so low, buying a home could be much cheaper than paying rent.

One benefit of owning, the mortgage interest is a tax deduction. Let’s compare a person paying $800 per month for rent and another buying a home with a mortgage balance of $120,000 at 2.5% interest rate. Buyer puts down 10%, pays their own closing cost. The Principal and Interest (called the PI) payment for the $108,000 loan is $525.00.  From this payment the interest portion would be $225 per month.

In today’s market, you could own a $120,000 home and be paying less than $700 per month, total payment!



When crunching the numbers, you can see how interest rates are affecting home prices. As the rates go down, home prices increase. As the rates go up, you guessed it, home prices come down. The above is only one of the benefits of owning a home. In regards to tax savings, always consult with a tax professional before you decide. Your tax professional will be able to estimate your overall tax savings of owning versus renting. 

Stable Monthly Payment

How often have you had this happened to you, you are renting and it and once a year, the landlord raises the rent. That was my experience, especially if you always paid on time. With a fixed mortgage you never have to worry about your payment going up. Fixed Rate Mortgages are available at 30, 20 and 15 year terms. Rates for the 20 and 15 year Mortgages are usually lower than that of the 30 year.

Privacy

Privacy is another benefit of owning your home. No worries about landlord showing up on your doorstep, unannounced. For those of us that have lived in apartments, no more worries about noisy neighbors above or below you. You are free to customize your home to your liking.

Income

Your can also earn income from your home by leasing part or all.

This is just some of the benefits realized when you own your home.
If you can think of anymore please drop me an email or click the link below.


Walter Seuell           






 

Quick Contact

Enter your phone number and I'll give you a call.

 

School Search

Enter a zip code to see the schools in that area.

 

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW