equity – noun eq·ui·ty | \ ˈe-kwə-tē \ The value of a mortgaged property after deduction of charges against it. Merriam-Webster.com. https://www.merriam-webster.com Equity is the difference between what your house is worth and what you owe on it. For example: a $400,000 house with a $250,000 mortgage, has about $150,000 in equity. This number increases …
Springtime is the most popular time of year to sell your home. If you’re planning on selling this spring, NOW is the time to start making your plans. Here is a list of things you can do to prepare now to sell your house in spring.
You’ve likely heard the old saying “You never get a second change to make a first impression.” This is especially true when selling your house. Buyers are often bombarded with information during the home buying process. That means they can sometimes be quick to eliminate houses they don’t like for the smallest of reasons. As …
Virtually everyone who sells a house wants sell it for the most money possible. A good real estate agent can make that happen. However, pricing your home too high can actually do the opposite. Let’s talk about how overpriced homes cost sellers money. Most people have certain preconceived notions about real estate. There’s a desire …
Qualifying for a mortgage often requires some very specific criteria. And any time you make changes to your financial situation, your ability to qualify can change. That’s why it’s crucial to be careful regarding your finances throughout entire processes of buying a home. This includes from the time you receive your loan approval, all the …
People often ask me: “Is remodeling my home a good investment?”. Other times it’s stated as fact: “Remodeling IS ALWAYS a good investment. Any money I put into my house, I’ll get back when I sell it”. My response is typically the same: “Well, maybe, but not likely”. In our article, Cost vs Value: What’s …
Are you in the market to purchase a home or investment property? Have you decided whether or not you will use a real estate agent to assist you with your purchase? Here’s something to consider: about 90% of buyers use a real estate agent or broker when purchasing a house. Buyers not using a real …
I Can Fix That! In the early days of my landlording journey, I used to be very hands-on with repairs and maintenance. When you self-manage your rental properties YOU are the person tenants call when something goes wrong. And if you don’t know anyone who can get a dishwasher up & running late on a …
Did you know house fires pose one of the greatest risks to your family’s safety at home? Fortunately, there’s a simple and cost-effective solution that can help mitigate this risk: smoke alarms. The National Fire Protection Association (NFPA) recommends installing at least one smoke alarm in every bedroom, outside of each sleeping area, and on …
You’ve likely seen the headlines about house prices and rents going up. These increases have slowed somewhat, but it seems these higher prices are here to stay. Renters in the Kansas City Metro have seen the same thing. Landlords are raising rents, and/or deciding to sell their rental properties, making tenants move with uncomfortably short …