Retirement marks a period of relaxation, new adventures, and indulging in your passions. As you embark on this exciting phase, it’s crucial to reassess whether your current living situation still aligns with your needs. For many, a large home can become too costly or impractical during retirement. Downsizing could be a smart solution to enhance […]
Tag Archives: Home Equity
Home Equity Can Be a Game Changer When You Sell
Considering selling your Triangle area home but unsure due to the current market conditions? While affordability has seen some improvement, the market remains challenging. However, understanding your home equity might simplify your decision-making process. As described by Bankrate: Home equity is the difference between your home’s value and the amount you still owe on your […]
Is Housing Affordability Just About the Money?
Key Takeaways: Todayās house price appreciation is making homes more expensive, yet they are still more affordable when you consider equity gains. When you buy a Triangle area home, you benefit from equity build-upāthis means that youāre actually making money even as you pay your mortgage. Want to learn more about the equity increase in […]
Should You Move or Refinance Your Home?
Key Takeaways: Homeowners are earning dollar-for-dollars gains in their home equity as real estate values continue to increase. Due to significantly high home equity levels, many homeowners are considering whether they should refinance their current homes or move to a new one. Linda Craft & Team wants you to take advantage of todayās optimal market […]
Sometimes Less Is More: Why Do Some Buyers Prefer Smaller Homes?
Key Takeaways: People are spending more time at home due to the global pandemic, which has many homeowners reconsidering their home size preferences.Ā Older homeowners can use their equity to invest in homes that better fit their evolving needs.Ā Need guidance navigating todayās housing market? Contact Linda Craft & Team at 919-235-0007 for more information […]
What Are the Benefits of Buying or Selling in Today’s Market?
Key Takeaways: Buyers and sellers should take advantage of the opportunities available in todayās housing market.Ā Homes are flying off the market at record-breaking speed, so the time for buyers and sellers to act is now.Ā Linda Craft & Team has real estate expertise across the board. Contact us, or call 919-235-0007 today, and donāt […]
Why Home Equity Is a Key Part of Building Wealth
Key takeaways: Homeownership has always been the cornerstone of the American Dreamābut itās also a crucial step to building household wealth. Owning a home helps generate equity over time, which makes real estate a sound investment for anyone looking to secure their financial future. Still on the fence about buying in the Triangle? Contact Linda […]
2020 Home Equity Increased $1 Trillion
Key points: Though 2020 was financially devastating for many, most homeowners saw a dramatic gain in home equity over the past 12 months. US homeowners with mortgages saw a 2020 home equity increase of over $1 trillion. The average homeowner gained approximately $17,000 in equity in the past year aloneāthatās a 10.8% increase over last […]