The Five-year Equity Rule
When you buy a home, plan on staying there for approximately five years. Why? You’ll need equity in order to sell the home without losing money.
When you buy a home, plan on staying there for approximately five years. Why? You’ll need equity in order to sell the home without losing money.
Homebuyers are getting a lot of mixed messages this year. Interest rates are near record lows, but housing prices are still rising. So should you continue to rent or go ahead and take the plunge to buy?
The first two weeks of marketing are crucial. In that time, if your home has received few showings or offers, price is the most likely issue. It’s time to reduce the price, but do it the right way.
You can check your thermostat, plug air leaks, replace worn insulation, and turn off lights when you leave the room, but there are other reasons your energy bills are higher.