Posted by admin on Feb 24, 2010 in Naples Homes Blog | 1 comment
When you rent a place to live, you can certainly expect your rent to increase each year – or even more often. If you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage – and interest rates aren’t as volatile now as they were in the late seventies and early eighties.
Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense?
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Posted by admin on Feb 24, 2010 in Naples Homes Blog | 0 comments
Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.
For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9969.27 in interest. If your first payment is January 1st, your taxable income would be almost $10,000 less – due to the IRS interest rate deduction.
Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.
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Posted by admin on Feb 24, 2010 in Naples Homes Blog | 0 comments
As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood and region to region.
Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds.
But take a second look…
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000.
At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual “return on investment” would be a whopping twenty-five percent.
Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
Your rate of return when buying a home is higher than most any other investment you could make.
If you are moving to a home for the first time, you are going to be very pleased with all the new space you have available. You may have to even buy more “stuff.”
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Posted by admin on Feb 14, 2010 in Naples Homes Blog | 0 comments
Buying Naples Real Estate in 2010
Yes, now is a great time to buy Naples real estate. People from around the world are seeing that Naples is undervalued and buying second homes, vacation condos and moving to the area as part-time home owners or permanent residents.
In 2010, Naples real estate home sales are expected to exceed previous years as prices begin to rise in many market segments. Don’t miss this amazing buyer’s market with incredible values for those wishing to make a move to Naples FL for the first time or up in size or location to waterfront or beachfront homes.
For specific information on Naples real estate for sale, foreclosure listings or a list of recent closed sales–the only way to be certain you are making the best offer and getting the best home deal–please contact us and we’d be happy to provide you with detailed information so that you can make the best possible buying or selling decision.
Please use this web site regularly to search for new, real time updates on the best deals in Naples Real Estate For Sale. We hope to assist you in your search for Naples real estate or in the sale of your existing Naples FL home and that you will choose to follow our footsteps to the home of your dreams.
Mark C. Weber is a Naples Realtor, Broker & Owner of White Sands Realty in Naples, Florida. He is a 30+ year resident of Naples and specializes in finding people Naples homes on or near the beach and waterfront. If you are interested in Naples real estate or have a question about this article please contact him through
Email or by calling 239-417-1115.
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