Bradford Miller Law, P.C. Chicago Real Estate Attorney, Chicago Short Sale Attorney: Financial Reasons for buying a Home

Monday, January 13, 2014

Financial Reasons for buying a Home

As reported in a newly released paper on homeownership, The Dream Lives On: the Future of Homeownership in America, Eric Belsky, Managing Director of the Joint Center of Housing Studies at Harvard University reveals several financial reasons you should consider buying a home.

· Housing is considered a leveraged investment. Homeownership allows householders to increase any appreciation on the value of their homes by a leverage factor which can increase the return on their equity.

· Whether you own or rent, you are paying for housing. Renters help landlords pay down the principal of another person’s loan while homeowners pay down their own loan.

· There are substantial tax benefits to owning a home. Homeowners can deduct mortgage interest and property taxes from their income.

· Owning is usually considered a form of forced savings. Owning a home can overcome the tendency to defer savings to another day.

· Owning hinders inflation. Over most time periods, housing costs and rents have gone up at a higher rate of inflation which makes owning an attractive plan.

Posted by Bradford Miller Law, P.C.

134 N. LaSalle Street, Suite 1040

Chicago, IL 60602

312-238-9298

http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago eviction attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, Chicago Real Estate Attorney fees. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

FREE SHORT SALE HELP

Are you "under-water" in your home? Do you owe more then the property is worth? You should consider doing a short sale. Chicago short sale attorney Bradford Miller offers free legal representation to homeowners doing a short sale. The first step is to call Attorney Bradford Miller for a free 15 minute phone consultation. If we accept you as a client, our representation will be free to you and its possible you will even receive some money to help you relocate. Homeowners should know what their options are and what to expect. Call Mr. Miller today at 312-238-9298.

CHICAGO REAL ESTATE LAW BLOG

Bradford Miller Law, P.C. focuses on real estate law, landlord tenant law and estate planning. This is the chicago real estate law blog. If you are interested in reading about landlord tenant law, visit that blog at http://chicagoltlaw.blogspot.com/. If you are interested in estate planning, visit http://chicagoestateplanning.blogspot.com/. The law firm's main website is www.bradfordmillerlaw.com.

This blog will focus on real estate law in the Chicagoland area. Topics include real estate transactions ("closings"), closing costs, and real estate taxes, among other things.

Helping people in this distressed real estate market

Whether you live in Chicago, Berwyn, Orland Park, Naperville, or another suburb, Bradford Miller Law, P.C. can provide the legal representation you need. Short sales are becoming more and more prevalent, currently making up approximately 35% of the market. Sellers need to understand what a short sale is and what the consequences may be. Mr. Miller offers a free 15-minute phone consultation to any homeowner contemplating a short sale.

Bradford Miller Law, P.C. also offers representation to traditional sellers. Sellers can find a variety of information at http://www.bradfordmillerlaw.com/ under the "Sellers" section. Mr. Miller offers a free 15-minute phone consultation to any homeowner looking to sell their property.

Buyers, and especially investors, are taking advantage of the real estate market. Bradford Miller Law, P.C. offers comprehensive legal representation when making a purchase. Call for a free 15-minute phone consultation.