Does Moving Up Make Sense?

These questions below will help you decide whether you’re ready for a home that’s larger or in a more desirable location.  If you answer yes to most of the questions, you may be ready to move up. 1. Have you built substantial equity in your current home?  Look at your...

What to Do If You’re Facing a Short Sale

If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale.  A short sale is one where the net proceeds from the sale won’t...

Positive and Negative Home Equity

As we mentioned in a recent blog entry, real estate is a commodity with market fluctuations that are common to other commodities like stocks.  After years of annual increases, home prices have gone the other way in most areas.  Yet, most homeowners who bought during...

How Obvious Value Can Help Buyers and Sellers

Sellers and buyers can both benefit from the concept of obvious value.  When sellers offer their property in both price and condition as an obvious value compared to the other homes on the market, their home will sell in any market.  Conversely, when other homes are...