Buy Before You Sell
A common concern for homeowners is that if they sell their home first, they may not be able to find another home to buy. It is understandable with the low inventories currently available in most markets, but a strong argument can be made to buy your replacement home Continue Reading
Become a Victim of Inflation or Benefit from It
In inflationary times, currently the highest in 40 years, the purchasing power of your money diminishes each day; essentially, buying you less. The biggest threat is to be without capital assets, like a home, that are benefiting from the Continue Reading
You Don’t Have To Give An Arm to Get a Lower Rate
Rising interest rates compounded with increasing home prices are causing affordability issues for many buyers. To keep payments low, you won't have to give an arm, but more buyers are considering getting an ARM, adjustable-rate mortgages. Mortgage rates are near its Continue Reading
Homeownership and the Three M’s
Homes are valuable assets and must be maintained so they function properly, are safe, enjoyable and hold their value. Attention to maintenance, minimizing expenses and managing debt & risk will protect your investment. Maintenance It is interesting that Continue Reading
Checking the Clue Report
People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems. Less likely are buyers to know that there is a way to discover some of the repair history of homes they are Continue Reading
Instead of a Vision, Show them the House
Sellers try to rationalize not making needed updating and repairs to their homes before marketing them by saying they are going to let the buyers make their own personal choices. It is a convenient story to justify not going to the effort for the Continue Reading
The Dynamics of Home Equity
Appreciation and amortization are key factors in building equity for homeowners with mortgages. As the home goes up in value due to appreciation and the unpaid balance goes down due to amortization, the equity increases. Appreciation is the increase in value of Continue Reading