Thinking of Selling Your Home? The Waiting Is The Hardest Part.

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home. Continue reading


Posted on November 4, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips, Uncategorized |

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: Continue reading


Posted on October 31, 2019 at 10:41 am
Jennifer Angel | Posted in Buyer Tips, Buying Myths, Downpayment, First-time Homebuyers, Infographics, Mortgage, Rent vs. Buy, Seller Tips |

Property Tax Reminder!

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Posted on October 28, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Move-up Buyers, Seller Tips, Taxes | Tagged , , ,

Depending on the Price, You’re Going to Need Advice

To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. Continue reading


Posted on October 23, 2019 at 10:01 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |

Homeownership is the Top Contributor to Your Net Worth

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Continue reading


Posted on October 12, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |

3 Signs the Housing Market Is on the Rebound

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. Continue reading


Posted on October 10, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

 

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.


Posted on October 9, 2019 at 3:12 pm
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Move-up Buyers, Seller Tips |

One of the Top Reasons to Own a Home

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.

If your home has appreciated since the time you purchased it, that increase in value also raises your equity. Over time, the equity in your home could be substantial. Recently, CoreLogic revealed that the average homeowner gained more than $65,000 in equity over the last 5 years.

Unlike last decade, homeowners are no longer foolishly tapping into that equity. In 2006-2008, many owners used their homes like an ATM by pulling equity out to purchase new cars, jet skis, or lavish vacations. They were pulling out cash (equity) from an appreciating asset, and then spending it on rapidly depreciating items. That is not happening anymore.

Over 50% of Homes Have at Least 50% Equity

The number of homeowners that currently have at least 50% equity in their home is astonishing. According to the Urban Institute, 37.1% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 62.9% of homes with a mortgage, 25.6% have at least 50% equity. That number has been increasing over the last five years:

By doing a little math, we can see that 53.2% of all homes in this country have at least 50% equity right now. Of all homes, 37.1% are mortgage-free and an additional 16.1% with a mortgage have at least 50% equity.

Bottom Line

Homeownership is different than renting. When you own, your housing expense (the mortgage payment) comes back to you in the form of equity in your home. That doesn’t happen with your rent payment. Your rent helps build your landlord’s equity instead.

 

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

 


Posted on September 30, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |

Is Your House “Priced to Sell Immediately”?

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. Continue reading


Posted on September 25, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |

Should You Fix Your House Up or Sell Now?

If you’re thinking about remodeling your house before you list it, take a look at these three tips to help you decide if you really need to fix it up before you sell. The answer may surprise you. Continue reading


Posted on September 24, 2019 at 10:54 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips |