Home Equity Home equity is the difference between what your home is worth and what you still owe on your mortgage. The challenge is that a home’s value isn’t fixed—it isn’t truly known until a buyer agrees to purchase it. Everything before that is simply an estimate based on current market conditions. That’s why accurate […]
Most Home Sellers will say a successful home sale maximizes their proceeds. On that we can all agree; however, even in a market that favors Home Sellers, that doesn’t mean you can shortcut some of the most important steps on the way to maximizing profits. When selling your Home, Avoid These Common Home Seller Mistakes […]
THE STAGERS HOME Lessons from a Pro When Selling Your Home – A professional home stager recently decided to sell the 4,000+ square foot home she lived in with her husband. It was well maintained and by most standards, could have gone on the market immediately. However, she still went through a full staging effort […]
Rents going up may not be pleasant to hear for tenants, but it could be music to your ears if you are an investor. The recent CoreLogic Single-Family Rent Index, April 2021, showed a 5.3% increase in national rent year over year which doubled the increase experienced in April 2020. This is the largest annual […]
An interesting homeownership cycle begins with a starter home and progresses to larger and smaller homes throughout a person’s lifetime. Within a few years after purchasing their initial home, they might move up to a little larger house. The reasons could be that they simply want a larger home and can afford it, or their […]
Some homeowners who could not afford to make their mortgage payments this past year have been relieved to find out that their mortgage servicer or lender allowed them to pause or possibly, reduce their payments for a limited period. While it does relieve the financial pressure, it is a temporary remedy. About 2/3 of the […]
Even in the current, low inventory housing market, sellers are resisting the urge to sell it themselves and still seeking the help of a real estate professional. It may be more important than ever and there is too much at stake to risk going it alone. The number of people attempting to sell on their […]
Ask any real estate agent and they will tell you a similar sad story. The seller, whose home just hit the market, received an offer which was less than the list price, but felt secure their home would sell quickly and countered for more. For whatever reason, the buyer did not continue to negotiate and […]
It has been said that more money has been lost due to indecisions than ever was due to making the wrong decisions. Many times, the larger the decision, the more likely procrastination comes into play and doing nothing will cost something. Buying a home is certainly one of the biggest decisions people make. Careful consideration […]
The question is “financially speaking, are you better off owning than renting in the long term?” Renting a home has advantages. It is usually a short-term commitment from year to year and the landlord is responsible for the repairs. Owning a home with today’s low mortgage rates, the total house payment could easily be less […]
