“We understand the nature of possessions. When we purchase something, we expect to take possession of it. We own it. No longer does it belong to the seller. Even when we buy things with credit, such as houses and cars, although we do not really own them and are making payments on them, we treat them as if they are ours. We think, “These are my possessions because I bought them.” The Bible says that Christ has paid the price for us. He bought us; therefore, He owns us. Furthermore, He did not purchase His people on credit; He paid in full. We are His.
“The fact that the church is Jesus’ personal possession is a powerful motivation for individual hopeful and holy living. Collectively, the church belongs to Jesus. Yet, the collective community is made up of individuals, each of whom has been purchased and redeemed by the blood of Christ. Knowing that we are the possession of Jesus and the dwelling place of the Holy Spirit should provide motivation for our pursuit of holy living in this body. As 1 Corinthians 6:19–20 puts it: ‘Or do you not know that your body is a temple of the Holy Spirit within you, whom you have from God? You are not your own, for you were bought with a price. So glorify God in your body.’
“Being the possession of Christ is the hope of the Christian. To be a Christian is to belong to Him. To belong to Christ is the foundation for comfort and security in this life and in the life to come. This is the point poignantly made by Question One, Lord’s Day One, of the Heidelberg Catechism. The catechism asks, “What is your only comfort in life and in death?” The answer rings with the truth of the purchasing power of the blood of Christ and our security in His possession:
“That I am not my own, but belong—body and soul, in life and in death—to my faithful Savior Jesus Christ. He has fully paid for all my sins with his precious blood, and has set me free from the tyranny of the devil. He also watches over me in such a way that not a hair can fall from my head without the will of my father in heaven: in fact, all things must work together for my salvation. Because I belong to him, Christ, by his Holy Spirit, assures me of eternal life and makes me wholeheartedly willing and ready from now on to live for him.”
Anthony Carter; Blood Work – Kindle Edition (pg 18-19)