Blog :: 12-2018

Another Type of Financing Concession

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A mother and daughter laughing while sitting on the couch

Another Type of Financing Concession

 

Price, condition and terms are factors that any owner must consider when marketing their home.  Price is usually the easiest to adjust to compensate for shortcomings in location or condition of the home.  Improving the condition of the property is more time consuming but updates to kitchens, baths and [...]

44 Times More Than a Renter

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A kid dressed up holding a piggy bank

44 Times More Than a Renter

 

The Federal Reserve Board's Triennial Survey of Consumer Finances recently revealed the net worth of a homeowner was $231,400 compared to $5,200 for a renter.  The net worth of homeowners increased 15% from 2013 to 2016 while renters' decreased by [...]

Gift of Equity

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A family posing for a photo on the front steps of their new home

Gift of Equity

 

There is a little-known mortgage program that could provide the vehicle for the right person to get into a home.  If a person sells their home to another for less than the fair market value, the difference in the appraised value and the sales price is considered a gift of equity for the [...]