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Retirement planning has shifted to longevity planning, making home equity access essential for financial security. Senior-friendly financial products, like those from Finance of America, allow seniors to age in place while leveraging their homevalue to cover retirement healthcare, daily expenses, and more.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. Both programs can also be used as a home financing solution that allows older clients to purchase a new home that will better fit their lifestyle.
Once we know how much the home costs to replace, we can extract a percentage of how much the homeimprovement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.
There are times when the real estate market slows down, but there could still be ways to keep in touch with clients and provide them with valuable property data software for when business cranks back up. But that neighborhood has lower home prices on average. Also check out homevalue estimator software.
We commend Paige and The Houston Properties Team for their stellar communication skills and great dedication to their clients. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. READ THE TOP 9 HOUSTON HOME SELLING MISTAKES.
Yet confusion about the value of a property can arise because of the location of county lines and districts. “I I had a client selling a home, and the house directly across the street could not be considered a comp despite square footage, bed, and bathroom count being the same,” says Michael Martirena , a top broker with Compass in Miami.
We once had clients who spent dozens (if not hundreds) of hours removing the popcorn ceilings from their $950,000 home. Because they put so much “sweat” into their equity, they were convinced that their home would appraise for substantially more when they were done.
As home prices appreciate and homeowners make mortgage payments over time, the share of the home that they own grows — this is home equity. Home equity lenders provide an option for their clients to convert their growing equity back into debt for cash. What can customers do with home equity loans?
Avoid These 9 Memorial Villages Home Selling Mistakes. 10 Staging Ideas For A Pristine Memorial Villages Home. Seller-Musts To Increase Memorial Villages HomeValue. 20 Revamps to Sell Your Memorial Villages Home Fast. Memorial Villages Home Preventive Maintenance Tips. It works!”. – Roger Stone.
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Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional homevalues. >> A survey of National Association of Realtors® members showed 34% of their clients were first-time buyers, up from 31% the previous year (July 2020-June 2021).
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