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6 Benefits of Owning a Home

Owning a home has many benefits, from building equity to having the peace of mind of knowing that where you live is yours and yours alone. The Lee County Association of Realtors has compiled a list of benefits of owning a home. Then, when you decide that you want to buy, we’ll also assist you in finding your new place!

The benefits of buying a home

For many, buying a home stands out as the ultimate dream. If you’re considering that option, here are some of the pros!

Building equity

Buying a home is an investment—with the idea that hopefully your house will appreciate in value over time. This leaves you with added value if or when you decide to sell. In other words, buying a home gives you a way to get a return on your investment.

When paying a mortgage, think about it as contributing back to your own investment, as opposed to paying rent, which is not an investment in anything you own.

Opportunity to tap into your investment

As an investment, owning a home gives you ways to tap into your equity should you need it. This could be in the form of a home equity loan, refinance, home equity line of credit or reverse mortgage.

Improving your credit score

Staying in line with the financial benefits of buying a home, doing so can help improve your credit score. This is especially important if you don’t already have much of an existing credit history. A well-managed mortgage can drive up your credit score by showing that you’re a responsible borrower.

Control over customization

Among the benefits of owning a home is the opportunity to make home repairs, upgrades and customization at your discretion without interference from a rental company.

Want to hang up a painting using nails? Thinking of repainting? Or do you want to redo the kitchen? When you own a home, the sky’s the limit as to how you customize it!

Lower costs over time

If you live in a rental, your rent may increase over time at the discretion of the leasing company. However, when you buy a home and put down a fair down payment, you may actually be paying less over time to live there than you would with a rental—especially if you have a fixed-rate mortgage.

Peace of mind

Owning a home is a gratifying experience that provides you peace of mind each and every day. Your home is yours—and no one else’s!

Summary

When it comes to home ownership, the Lee County Association of Realtors is here to assist you every step of the way. We are a team of experienced Realtors ready to help! So, contact us here to get started! Finally, for more tips and guidance, check out our blog.

9 Benefits of Working with a REALTOR®

Let’s start with honesty. Honestly, real estate may seem simple on the surface, but once you dive in, you realize it gets deep. These nine benefits of working with a REALTOR® may help you avoid getting in over your head!

Honest, ethical conduct.

REALTORS® are licensed professionals. As members of the National Association of REALTORS®, each REALTOR® must abide by a strict code of ethics. To summarize, expect transparent and fair treatment in all transaction-related dealings.

Additionally, your interests come first and foremost.

Objective information and input.

First of all, clients working with REALTORS® will receive non-biased, factual information on properties. REALTORS® can provide information on schools, zoning, utilities and more.

In fact, when it comes to the benefits of working with a REALTOR®, having access to their data as a resource is a huge! After all, you are making a life-changing decision—so having all the facts possible is a strong advantage.

A network of vendors.

Why waste time searching for and vetting an endless list of potential vendors? REALTORS® can easily provide you with a list of respected professionals. This includes contractors, repair professionals, staging companies, photographers, appraisers and so on.

Increased search power.

Along the lines of more data, working with a REALTOR® gives clients the ability to review the Multiple Listing Service (MLS). The MLS is a tool used by REALTORS® to list homes and find others on the market.

Often, there are properties available on the MLS that are not listed anywhere else.

Current know-how.

Rules and regulations change. When you work with a licensed REALTOR®, you can count on their up-to-date knowledge.

Expert local market advice.

Local REALTORS® know the local market better than anyone. They will know what is hot and what is not. To clarify, they can tell you to yay or nay when it comes to national trends versus what is selling locally.

Gain an expert negotiator.

The benefits of working with a REALTOR® keep getting better! Knowing you have a professional advocate looking at all angles centered on your best interests is worth its weight in gold.

Emotional support.

Perhaps one of the more underestimated benefits to working with a REALTOR® is the emotional support. Again, they are objective bystanders who get the gravity of what is inevitably an emotional situation.

They will provide an ear to listen as you work together through the in-depth process.

Expert guidance.

Finally, we saved the best for last. Working with REALTORS® ensures you receive expert guidance every step of the way!

Summary

If you weren’t sure about the benefits of working with a REALTOR®, hopefully this sheds some light! We are also here to answer any questions you may still have. Each and every member of LCAR is capable of handling any and all of your real estate needs. To find out more about us, our members and local real estate news, keep reading our blogs!

 

 

Welcome to the Lee County Association of REALTORS® Blog

When it comes to selecting a real estate agent, we know you’ve got plenty of options. In Lee County, Alabama, however, our Realtors are fortunate to have a few coveted qualities on our side! At the Lee County Association of REALTORS®, our members adhere to strict standards of professionalism, boast decades of combined experience and a cultivate an unmatched sense of community. We believe this leads to exceptional real estate experiences for our clients, whether they are buying, selling or both. As an extension of our service to our members and community, we’d like to introduce you to the Lee County Association of REALTORS blog. Welcome!

About the Lee County Association of REALTORS  

The Lee County Association of REALTORS is committed to being a resource for our members, affiliates and the community as a whole. In the real estate world, Realtors are recognized as upholding the highest level of professionalism in the industry. Backed by expertise and adherence to a strict code of ethics, our Realtors proudly represent the Auburn, Opelika and Lee County, Alabama area real estate landscape.

With nearly 700 active members and affiliates, we strive to act as a professional resource for our members while also offering valuable insight into the local real estate climate and community for our clients. Our goal is to help our Realtors serve to the best of their abilities and empower their clients to be able to make informed decisions related to their real estate endeavors.

The Lee County Association of REALTORS blog 

We truly care about connecting with our members and our community, and the Lee County Association of REALTORS blog is another way to do just that! The blog will showcase information that will be beneficial for persons on all sides of a real estate transaction—from agents to homeowners and everyone in between—in an effort to provide more value to our followers.

Follow the blog for industry insights for both members and clients, from rules and regulation updates for members to interesting local trends and statistics for homeowners. We encourage you to share the blog with others who may find it useful. We also ask that if there is ever a topic you’d like to see addressed on the blog, do not hesitate to reach out and let us know!

Summary

Once again, we’d like to say welcome to the Lee County Association of REALTORS blog! Browse our website for more community resources, and be sure to follow us on Facebook, Twitter, Instagram and LinkedIn to stay up-to-date with everything we have going on.

Lee County Association of Realtors makes a donation to the Auburn Opelika Habitat for Humanity

The Lee County Association of Realtors (LCAR) donated $5,000 to the Auburn Opelika Habitat for Humanity on November 12.

Due to the COVID-19 pandemic, the organization felt they could not safety hold their annual “Habitat Around the Heart” fundraiser, instead this year they are asking sponsors to give directly to support building Habitat homes.

These donations go directly to support the mission of building homes, community, and hope in Auburn and Opelika.

Habitat for Humanity has recently completed 4 homes in Opelika and are now planning and building 3 more homes in Auburn.

You may contact Auburn Opelika Habitat for Humanity at www.auburnopelikahabitat.org.

Follow us on social media at https://www.facebook.com/leecorealtors!

Lee County Association of Realtors makes a donation to the Food Bank of East Alabama and Mercy Medical

The Lee County Association of Realtors (LCAR) donated $30,000 to the Food Bank of East Alabama and Mercy Medical on Friday, March 20.

Due to the COVID-19 pandemic, local charitable organizations are seeing an increase in need from citizens. Charitable organizations are also having a harder time securing resources during this time of need.

“With a national emergency now declared, local school districts closed, we are stepping up to provide the resources to help both the chronically food-insecure and those newly experiencing food insecurity,” said Martha Henk, Director of the Food Bank of East Alabama. “We are fully operational but are experiencing a decline in traditional sources of food. Support from the Lee County Association Realtors will play a major role in helping to make sure our neighbors are fed.”

Mercy Medical provides medical care for the underserved in Lee County. Mercy Medical indicated they have seen a major increase in their level of activity. They are in the process of establishing a “Teledoc” service to help Lee County citizens who are trying to practice social distancing, but need to speak to a healthcare professional.

“We appreciate the service that the Food Bank and Mercy Medical provide to this community. We hope that this donation will be helpful in this time of need. We’re all in this together,” said Lee Harris, 2020 president of LCAR.

The Lee County Association of REALTORS® promotes and enhances the success of its members through education, professionalism, and ethical conduct. For more information about LCAR visit leecorealtors.org.

Follow us on social media at https://www.facebook.com/leecorealtors/!

First-Time Homebuyer Savings Account: Helping You Save for the Perfect Home

There’s Good News for Alabamians Looking to Purchase Their First Home

Alabama has signed into law a new savings account program supporting first-time homebuyers. Known as the First-Time Homebuyer Savings Account Program, Alabamians can create a monetary savings
account for the down payment and/or closing costs for the purchase of a single-family dwelling. What’s more, the principal deposits and earnings from the account are tax deductible.

With the First-Time Homebuyer Savings Account Program, you’re one step closer to finding your perfect home!

Here are the details on Alabama’s latest program benefiting first-time homebuyers:

Who?

Alabama first-time homebuyers and those re-entering the housing market, if they have not owned a home within 10 years.

What?

A savings account that can be used towards the down payment and/or closing costs for the purchase of a single-family dwelling.

When?

You can open a First-Time Homebuyer Savings Account starting in 2019.

Where?

The account can be opened at any financial institution authorized to do business in Alabama, and only marketable securities or cash may be contributed.

How?

Talk to a trusted advisor, such as your local REALTOR®, to help you understand all the tax benefits associated with homeownership – and to help ensure you’re getting the most out of Alabama’s new
law, the First-Time Homebuyer Savings Account Program.

Why?

When you are ready to buy a home, you will have the savings you need. Plus, the principal deposits and earnings from the account are tax deductible. Total deductions from deposit and earnings can be up to $50,000. Principal contributions can be up to $5,000 for individual filers and $10,000 for joint filers.

The First-Time Homebuyer Savings Account Program could have a positive net economic impact on Alabama that would range from $2.4 million to $26.8 million annually in economic activity due
to increased home purchases.

To learn more about how you can unlock the keys to homeownership, visit the First-Time Homebuyer section of AlabamaRealtors.com.

Habitat Around the Heart

The Lee County Association of REALTORS® made a $5,000 contribution to the Auburn Opelika Habitat for Humanity as their Presenting Sponsor for the 2017 “Habitat Around the Heart” annual fundraiser.

Habitat Around the Heart is Friday May 19, 2017 from 6:00 – 9:00pm at the Bottling Plant Event Center in Opelika. Catered by Chef Jonathan Walker – Cash Bar – Live Jazz – Silent & Live Auction. Tickets are $35 each and are available at http://www.auburnopelikahabitat.org.

All donations and money generated by the auction go directly to support the local mission of Habitat for Humanity, to build and provide decent, affordable housing for those in need in our community.