Playa Del Rey Real Estate

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Leverage Your Equity When You Sell Your House

One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home.

Bankrate explains it like this:

“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”

>>Majority of Americans Have a Large Amount of Equity
If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now.

And having such large amounts of equity is a benefit to homeowners in more ways than one. “Record...

Leverage Your Equity When You Sell Your House One of the benefits of being a homeowner is that you build equity over time. 

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Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

If you’re trying to decide whether to rent or buy a home, there are a few things you should consider. Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, DM me to explore your options.

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC] Some HighlightsIf you’re trying to decide whether to rent or buy a home, there are a few things you should consider.Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation.

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4 Tips for Making Your Best Offer on a Home

Are you planning to buy a home this spring? When you find the home you want to buy, remember these four tips to make your best offer.

>>1. Lean on a Real Estate Professional

Rely on an agent who can support your goals. Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

>> 2. Know Your Budget
Understanding your budget is especially important right now. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.

>>3. Think Through Everything Before Making an Offer
Today’s market isn’t moving at the record pace...

4 Tips for Making Your Best Offer on a Home Are you planning to buy a home this spring?

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Is It Really Better To Rent Than To Own a Home Right Now?

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.

But here’s the thing – most people who rent aren’t making those investments. Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index, explains:

“One of the difficulties with the rent and reinvest model is many people...

Is It Really Better To Rent Than To Own a Home Right Now? You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

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An Expert Makes All the Difference When You Sell Your House

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you.

>>1. They’re Experts on Market Trends

An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be able to help you make a decision based on trustworthy, data-bound information.

>>2. A Local Professional Knows How To Set the Right Price for Your Home

Real estate professionals look at a variety of factors, like the condition of your home and any upgrades you’ve made, with an unbiased eye. They compare your house to recently sold homes in your area to find the best price for today’s market so your house sells quickly.

>>3. A Real Estate Advisor Helps Maximize Your...

An Expert Makes All the Difference When You Sell Your House If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.

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One Major Benefit of Investing in a Home

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

With spring approaching, now’s a great time to consider if buying a home makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.

>>The Largest Part of Most Homeowners’ Net Worth Is Their Equity

You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. Scholastica Gay Cororaton, Research Economist at the National Association of Realtors (NAR), shares:

“Homeownership is the largest source of wealth among families, with the median value of a primary...

One Major Benefit of Investing in a Home One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac: