*Monthly mortgage payment on a typical home in the United States as a percentage of the median income.
The Cost of Waiting: Interest Rates Edition
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
>>Read More: The Cost of Waiting to Buy a Home
Recently there has been a lot of talk about home prices and if they are accelerating too quickly.
In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
The great news about rising prices, however, is that according to CoreLogic’s latest US Economic Outlook, the average American household gained over $15,000 in equity over the course of the last year, largely due to home value increases.
>>Read More: News About Rising Home Prices
Have You Outgrown Your Current Home?
For many Americans, buying their first home is their first taste of achieving part of the American Dream.
There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.
It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams.
The good news is that it’s ok to admit that your home no longer fits your needs!
>>Read More: Starter Home Market
For Sale By Owner, get ready to negotiate
Here is just a short list of the people that you will have to negotiate with to sell your house:
The Buyer's Agent
The Buyer's Bank
The Inspection Company
The Title Company
Get Your Free Home Valuation
Help-U-Sell Southland Realty can create a Comparative Market Analysis (CMA) for you and determine the value of your current home. Please fill out the information in the form below and a Help-U-Sell Real estate agent will contact you shortly.
Search homes for sale. We have complete Multiple Listing Service (MLS) of residential homes for sale in Lake Balboa, Van Nuys, North Hills, Woodland Hills, Arleta, Canoga Park, Tarzana, Encino, Reseda, Northridge or any other Los Angeles, San Fernando Valley and Santa Clarita Valley real estate.
19619 Eagle Ridge Lane
7869 Ventura Canyon Avenue Unit 402
28225 Hot Springs Avenue
15236 Lassen Street
Mission Hills (san Fernando),
17812 Silverstream Drive
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