Equity Enhances Selling Prospects for Homeowners
Equity: Definition and Functionality
Equity represents the present worth of your home, calculated by deducting your outstanding loan balance. Notably, the value of equity has been increasing at an unexpectedly rapid pace in recent times.
During the past few years, there has been a significant surge in home prices, resulting in a substantial and swift boost to your equity. Although the market is transitioning towards normalization, the supply of available homes for sale still falls short of the demand from potential buyers. As a result, prices continue to rise today.
Determining Your Equity:
For accurate assessment, it is recommended to consult a reliable real estate agent to obtain a Professional Equity Assessment Report (PEAR).
If you’re considering a move, the accumulated equity can significantly influence your decision. Let’s connect to determine the actual value of your current property and explore opportunities for your next purchase.
Down PaymentsThe Truth About Mortgage Down PaymentsFor prospective first-time homebuyers, saving towards the costs of purchasing a home is often a primary focus. Although, the down payment may be the biggest concern. It is common for one to think 20% down payment is...
Central Massachusetts, nestled in the heart of New England, boasts a unique blend of natural beauty, vibrant communities, and a high quality of life. From its picturesque landscapes to its rich history and thriving economy, there are countless reasons why Central Massachusetts is an exceptional place to live. In this article, we will explore the various factors that make this region an enticing destination for those seeking a welcoming community, diverse recreational opportunities, and a balanced lifestyle.
Discover why having a professional and skilled expert to guide you through the home-buying process is essential, especially in today’s market. Learn more about the advantages of working with an experienced agent like Diane Casey Luong.
As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June.
About Diane Casey Luong
As an award-winning, full-time Realtor®, Diane is a proven leader among Worcester MA real estate agents, fully committed to you and your property goals.
As a requested speaker, Diane educates audiences on topics such as the purchasing foreclosure properties, nuances of the real estate market from neighborhood to neighborhood, and understanding the ever-changing trends in the real estate industry.
A graduate of the Massachusetts Academy of Real Estate, Diane has brought her expertise in real estate to Worcester, MA, and its surrounding towns.
Diane Casey Luong
25 Union Street
Worcester, MA 01608