If there is no reason for speculation other than greed then you can be stuck with a property that will only sell after much time and many price reductions. As a rule, homes that are overpriced generally sell for less than market value because buyers are educated and know the inflated price in the beginning. Savvy buyers refuse to do business where the greed factor is so obvious. Choose The Right Agent From The Start. Selling your used car on your own is a good idea but when it comes to an investment decision as large as selling your home the job should be left to a professional.
Rent money is spent money.
The moment you buy a home, you start a built-in savings account. The obligation to meet mortgage payments encourages a savings habit. Get a free ride with inflation. As inflation continues, you will be paying off your mortgage with less expensive dollars. Real estate taxes and interest charges on mortgages are tax deductible.