If retirement is approaching, now is the perfect time to start planning for your next chapter. Ensuring your financial stability is key to enjoying the lifestyle you envision. What many homeowners donāt realize is that they may be sitting on a hidden financial assetātheir home. According to data from the Federal Housing Finance Agency (FHFA), [ā¦]
Tag Archives: Home Equity
Why Buying Now May Be Worth It in the Long Run
Should you jump into the Triangle Area market now or hold off? Itās a question many potential Raleigh homebuyers are asking. While your personal circumstances will play a big role in the decision, thereās one important factor to keep in mind as you weigh your options. Buying now means you start building equity right away. [ā¦]
The Down Payment Assistance You Didnāt Know About
Did you know that almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% take advantage of it? If youāre planning to buy a home, this is a gap worth closingāquickly (see graph below): Hereās what you need to know to make the most of your down payment in todayās housing market. [ā¦]
The Surprising Amount of Home Equity Youāve Gained over the Years
If youāre thinking about selling your Triangle Area home, you may be considering several factors, especially with todayās housing affordability challenges. One way to make your decision easier is to understand the amount of home equity youāve accumulated over the years. Here are two main factors that significantly impact your equity. How Long Youāve Owned [ā¦]
Why Moving to a Smaller Home After Retirement Makes Life Easier
Retirement marks a period of relaxation, new adventures, and indulging in your passions. As you embark on this exciting phase, itās 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 [ā¦]
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 homeās value and the amount you still owe on your [ā¦]
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 [ā¦]
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 [ā¦]
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. Older homeowners can use their equity to invest in homes that better fit their evolving needs. Need guidance navigating todayās housing market? Contact Linda Craft & Team at 919-235-0007 for more information [ā¦]
What Are the Benefits of Buying or Selling in Todayās Market?
Key Takeaways: Buyers and sellers should take advantage of the opportunities available in todayās housing market. Homes are flying off the market at record-breaking speed, so the time for buyers and sellers to act is now. Linda Craft & Team has real estate expertise across the board. Contact us, or call 919-235-0007 today, and donāt [ā¦]