Temeka Thompson - DC Metro Realtor, Coach, Public Speaker
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Temeka Thompson - DC Metro Realtor, Coach, Public Speaker
Temeka
Blog
Real Estate
    Sell my home
    Buy a home
    Veterans
Work with Temeka
    Business Coaching
    Career Coaching
    Buy Real Estate with Temeka
    Become an Agent
Products
    Free Resources
    Online Academy
Booking
Marriage Takeover
Women of Worth
  • Temeka
  • Blog
  • Real Estate
    • Sell my home
    • Buy a home
    • Veterans
  • Work with Temeka
    • Business Coaching
    • Career Coaching
    • Buy Real Estate with Temeka
    • Become an Agent
  • Products
    • Free Resources
    • Online Academy
  • Booking
  • Marriage Takeover
  • Women of Worth
Buy a Home, Real Estate

10 Steps to Buying a Home – Temeka Thompson, Realtor®

March 1, 2020by Temeka ThompsonNo Comments

10 Steps to Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • If you’re thinking of buying a home and you’re not sure where to start, you’re not alone.
  • Here’s a guide with 10 simple steps to follow in the homebuying process.
  • Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area.

Charles County MD Real Estate, PG County MD Real Estate, DC Real Estate – Temeka Thompson, REALTOR® – EXIT Landmark Realty and its Real Estate Professionals focus in the DC metro area. We list and sell in White Plains, La Plata, Waldorf, Brandywine, Fort Washington, Upper Marlboro, Bowie, Washington DC and all nearby communities.

(301) 850-6700 x430 | (202) 670-6787

Buy a Home, Mortgage & Financing, Real Estate

The True Cost of Not Owning Your Home

November 30, 2019by Temeka ThompsonNo Comments

The True Cost of Not Owning Your Home

The True Cost of Not Owning Your Home | MyKCM

There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.

Realtor.com reported that:

“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”

Why is owning a home financially better than renting?

Here are the top 5 financial benefits of homeownership:

  1. Homeownership is a form of forced savings.
  2. Homeownership provides tax savings.
  3. Homeownership allows you to lock in your monthly housing cost.
  4. Buying a home is less expensive than renting.
  5. No other investment lets you live inside of it.

Studies have also shown that a homeowner’s net worth is 44x greater than that of a renter.

A family that purchased a median-priced home at the start of 2019 would build more than
$37,750 in family wealth over the next five years with projected price appreciation alone.

Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!

Bottom Line

Owning a home has many social and financial benefits that cannot be achieved by renting. Let’s connect to determine if buying a home is your best move.

 

Temeka Thompson

 

Charles County MD Real Estate, PG County MD Real Estate, DC Real Estate – Temeka Thompson, REALTOR® – EXIT Landmark Realty and its Real Estate Professionals focus in the DC metro area. We list and sell in White Plains, La Plata, Waldorf, Brandywine, Fort Washington, Upper Marlboro, Bowie, Washington DC and all nearby communities. (301) 850-6700 x430

Recent Posts

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  • What Credit Score Do You Need for a Mortgage?

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  • Home Is Where the Heart Is [INFOGRAPHIC] April 16, 2021
    Some Highlights There’s no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year. The vast majority of homeowners say they’re emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic. Owning a home provides a sense of safety, security, […]

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Hi, I'm Temeka. I'm a Mom, Wife, Realtor, and Coach living in the DC Metro area. Here I'll share all things real estate, coaching, marriage tips, and trends. Let's stay connected!

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