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
Real estate has been described as the basis of all wealth. Without considering income or investment property, buying a home to live in is an incredibly powerful way to build wealth or financial net worth. A home is an asset measured by the size of the Continue Reading
We have all heard this expression that implies that had a person known earlier in life what they know now, they would have done things differently. The subject possibilities are endless While no one has a crystal ball to see into the future, it Continue Reading
Less than 3 percent of REALTORS nationwide carry this prestigious designation. Both Carrie and Mary are Certified Residential Specialists and ready to assist you with all your real estate needs. Continue Reading
The decision to buy first or sell first, has always been a little of the "Which came first: the chicken or the egg?" type of question. Is it better to buy another home before you sell your current one or sell the current one before you buy the replacement? Some Continue Reading
U.S. homeowners with mortgages have seen their equity increase by a total of $2.9 trillion or 29.3% since the 2nd quarter of 2020. Continue Reading
The highest activity during a listing period happens in the first weeks it comes on the market because of the surge of buyers wanting to see the "new" listing. After that, it only new buyers to the market who will look at it. Continue Reading
With the rapid appreciation that homes have had in the last two years, most homeowners have equity. A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. This type of loan replaces the current mortgage Continue Reading
A Seller's equity in their home is the difference between what the home is worth and what they owe. At any point in time, it is an estimation because value is a very subjective term. If the seller thinks the home is worth more than an actual buyer will Continue Reading