In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than…
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic…
If you are one of the many homeowners who are unsure of how much equity you have in your home and are curious about your ability to move, meet with the Stovall Team today! We can help evaluate your situation.
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, with…
When buying a home, there is a lot to take into consideration. Often, buyers have to compromise and generally do not get everything on their wishlist. Here are three items we recommend buyers not compromise on. THE FLOOR PLAN THE SCHOOL DISTRICT THE NEIGHBORS Our intimate knowledge of the communities and schools allows the Stovall…
The #1 Reason To Sell Now Before Spring
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an…