Tuesday, February 4, 2014

Use Your Tax Return to Buy a Home!

Let's face it: For a lot of people, saving up enough money for the down payment on a home is nearly impossible. Are you living paycheck to paycheck most of the time? How long would it take you to save up, say, $15,000 or $20,000 to use as the down payment on a home?

But every year you receive a tax return check for several thousand dollars, right?

And then you go out and blow that money on stuff you don't really need, stuff that depreciates in value, like obsolete television sets and fancy clothes that go out of style.

If you've been renting for a long time, thinking you'll never be able to purchase a home, and wondering how you'll ever survive on just social security money when you're old, you ought to think long and hard right now about putting your tax return to better use than just buying a bunch of junk that makes you feel good for a little while, but eventually becomes worthless.

Why not use your tax return to become a homeowner instead?

While your tax return may not be enough to qualify for a traditional bank loan and mortgage to make an immediate purchase, it may very well be enough to get you on the path toward home ownership with a Rent to Own home!

When you Rent to Own a home, you put some money down -- that's where your tax return comes in -- and then you earn rent credit toward the purchase of that home every month when you pay your rent. You also lock in a purchase price and the "right of first refusal," meaning the seller cannot sell the home while you have a Rent to Own contract on it.

Also, typically, once you purchase a home, you'll then be able to take deductions on your tax return that will quickly eliminate the need for you to pay weekly withholding tax out of your paycheck altogether! How much more money would you have in your hand every month if you could cut the withholding tax out of your paycheck?

Rent to Own homes come in all shapes and sizes, in all neighborhoods, and in all price ranges. If you'd like to get out of the rental rat trap and downward spiral of financial failure that long-term renting represents, and you have a sizable tax return coming this year, contact us to get started on the path to home ownership in a Rent to Own home.

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We have a lot of Rent to Own homes available now. Call or text 630-697-4500 or email Adam @ MyHappyHomeSolutions.com for more info, or visit our website at MyHappyHomeSolutions.com to watch video tours and get more info.

Please note that not all available rent to own homes are shown on our site. Sometimes they are rented before we even have a chance to post them, so get on our mailing list to stay informed about all new properties!

Our primary focus is on homes in the Chicago suburbs, but we have associates who have Rent to Own homes available NATIONWIDE! Whether you're looking for a Rent to Own home in Chicago or Chattanooga, Illinois or Alaska, we can help you find that home! Contact us and let's get you into a nice new home!

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