The highest possible sale price can be achieved by making needed updates and repairs to a home before it’s placed on the market. There was a story once, told by another agent, of a home that was structurally sound being on the market, but it needed significant cosmetic work, like paint, floorcovering, updated fixtures, and […]
According to CoreLogic’s Homeowner Equity Insights, Americans have seen the equity in their homes increase by 29.3% year over year in the fourth quarter of 2021. The average home equity during that time period was a whopping gain of $55,000. This increase is a fuel that homeowners are experiencing. A fuel which is a large […]
We’re not talking about your “arm” – we’re talking about an adjustable-rate-mortgage. See, an adjustable-rate mortgages just simply is not the right choice for many homeowners – especially if they plan to own the home for a long time. As a stat, less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 […]
You may possibly be in a whole generation of people that have never known what a normal mortgage rate might be. And, that would be because mortgage rates have been kept artificially low by the Federal Reserve since 2010. Not to mention, most of the rest of adults here in the U.S. have forgotten what […]
Without the consideration of income or an investment property – buying a home to live in is a very very powerful way to build wealth or financial net worth. You see, a home is an asset measured by the size of the equity. What’s equity you may ask? You’ve probably heard that word before. Equity is […]
In the case of a divorce, it’s very common for the spouse who keeps the home to remove the other spouse from the loan. In a similar situation, it’s also equally common for a first-time home buyer who doesn’t have enough income to qualify to ask a parent or relative to co-sign – that person […]
When it comes to selling your home, trial and error can sometimes (if not many times) be a factor. When a home sale is most successful, the process maximizes the seller’s proceeds in the shortest amount of time possible with the least amount of inconveniences. And, as all of us know, inconveniences happen. So, here […]
Homeownership is a cycle – think of it almost like a circle. All around the circle are items such as an apartment building, finances, things that are simply helping you work towards that goal of homeownership. Then, the middle of the circle is a larger home – the goal if you will. You may want […]
Just about any real estate agent will tell you a quite similar sad story. One that pretty much goes like the following: The seller’s home just hit the market, they received an offer which was less than the list price, and then felt secure enough to counter for a higher amount. For whatever reason, the […]
Here’s the question … are you better off, from a financial standpoint, renting or owning your home? Normally, renting a home does have some advantages. It’s a short-term commitment, and your landlord is responsible for all repairs. In most cases nowadays, owning a home can actually mean that your monthly payment would be lower than […]
