Monday, December 9, 2024 / by Joyce Dungca
Putting your house for sale on your own – often called “For Sale by Owner” or FSBO – might be on your mind. But you should know that it gets complicated very quickly, especially in today’s complex market.
That’s why data from the National Association of Realtors (NAR) shows a record low number are going the route of selling on their own.
Instead, more and more homeowners are choosing to work with a real estate agent (see graph below):
And here’s why partnering with an expert is the go-to choice. Selling your home is a big deal, and while FSBO might seem like a way to save time or money, it comes with a lot of responsibilities.
The selling process requires setting the right price, navigating a growing amount of legal paperwork, and creating a solid strategy to attract buyers. And going it alone often means taking on more than you bargained for.
Let’s look at two big reasons why working with a pro can make all t; ...
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team raj jaggi, buyers, sellers, real estate agents, home owners, for sale by owner
Monday, November 25, 2024 / by Joyce Dungca
One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.
That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:
“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”
Today’s homeowners are in a much stronger position than ever before. So, let’s break it down and see why today’s mortgage debt isn’t anything to fear.
More Equity, Less Risk of Foreclosures
According to the St. Louis Fed, total homeowner equity is nearly triple the to. ...
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team raj jaggi, buyers, sellers, equity, mortgage, home owners, foreclosures
Friday, November 22, 2024 / by Joyce Dungca
Some Highlights
If you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start?
Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want.
If your goal is to sell your house next year, let’s connect so you know what to start working on now. ...
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team raj jaggi, buyers, sellers, real estate agents, home owners
Friday, November 15, 2024 / by Joyce Dungca
Some Highlights
If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s.
Let’s connect if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible. ...
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team raj jaggi, buyers, sellers, home owners, homeownership
Thursday, November 14, 2024 / by Joyce Dungca
When you’re ready to move, figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of selling it.
Recent data from Zillow shows about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, it’s clear this trend is on the rise.
So, should you sell your house and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and lifestyle goals.
Is Your House a Good Fit for Renting?
Before you decide what to do, it's important to think about if it would make a good rental in the first place. For instance, if you’re moving far away, managing on; ...
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team raj jaggi, buyers, sellers, home owners
