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Getting Your Home

9. Getting the Money ®

I have worked with many Realtors all over the country and while interviewing some in the Albuquerque area, I instantly felt comfortable with Linda. She is sharp, well spoken and follows the pulse of her market. Linda has helped with buying as well as selling and I feel she is well qualified in both areas. I definitely would, and have, recommended her to others. —Otilia Sullivan

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eal estate is such a great investment! There is probably nowhere else where you can leverage so much with so little. You can purchase a $100,000 home with $3,000. If that home goes up in value $10,000 (or 10%) in a year, you’ve more than tripled your $3,000 investment (333%). Sound too good to be true? It’s not. People do it every day. The best place to start investing in life is in your personal residence. If you are renting—stop! Stop now! Renting is a losing proposition. All the money goes out and none comes back to you. If you own your home, you get the advantage of an appreciating asset (it grows in value), and you get the tax advantage of getting to deduct the interest portion of your payment. Ask your tax accountant about this, but for now let’s talk about how to get the majority of the money to buy your home. There are times when a parent, aunt or uncle will finance your home for you, but most people use a financial institution—the lender. The lender is probably the second most important member of your team after your Realtor®. Make sure you have a lender that specializes in providing loans for the type of purchase you are making. If you are buying a home, you will use a residential 79

Profile for Linda DeVlieg Real Estate

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

Profile for lindadev