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Don’t let housing prices, down payments, or closing costs keep you from investigating home buying possibilities. Investigating is free. You may be surprised how many special loan programs are available to first time home buyers. You may find you qualify for a down payment assistance program, or your income may have more buying power than you realize. There may be tax benefits as well.
INVESTMENT
Home ownership is a first-rate investment. The current rise in housing prices makes home ownership an attractive way to invest money. If you purchase a home today for $100,000 and housing prices rise 10 percent over the next year, your house will have a new value of $110,000. That means your initial investment has built up $10,000 in home equity. It’s a good feeling to know your hard-earned money is working for you while you're enjoying your own home.
SENSE OF BELONGING
Home ownership provides a peaceful sense of belonging. Owning and taking care of a home gives a family the feeling of roots, stability, and security. Every flower bulb you plant, every room you paint makes the home more valuable to you personally and as an investment.
STOPPING INFLATION
Buying a house today freezes the rising costs of tomorrow. In 1994, the median sale price of a home in Clark County was $111,000. In the first quarter of 1999, the price rose to $143,980, an increase of 30%. After buying a home, any rise in value over the years will be money in your pocket if you choose to sell.
Source: MLS of SW Washington
THE LEARNING PROCESS
Learning what it takes to buy a home will help you set goals. How much money do you need? How can you adjust your budget to save this amount? What kind of house can you buy with our income? Do you want to achieve your goal in six months or a year? The time you spend learning the answers to these questions will bring you one step closer to owning a home.
WHO CAN HELP YOU?
The Community Housing Resource Center will help prepare you for the purchase of a home by reviewing your financial situation and by providing education about the home loan process, special loans, and down payment assistance programs. Call to schedule a confidential one hour session with a professional, knowledgeable volunteer. Convenient hours may be arranged to fit your schedule.
Best of all, the services are FREE!!
Call to Schedule a FREE confidential consultation 360-690-4496.
Why Ownership? | Our History | Staff | Founders |
