HomeLight

JANUARY 18, 2023

So if your home is worth $400,000, and you have $320,000 left in unpaid principal on your mortgage loan, that means you hold $80,000 equity in your home or 20%. The principal balance you still owe on your mortgage. To understand what’s happening with your home’s equity, it’s worth digging into current housing market trends.

Equity 105

Equity Marketing Loans Mortgages 105

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. Research Local Market Conditions: While the NAR data gives a national picture, real estate is local. This is your chance to potentially snag a better deal.

Finance 52

Finance Loans Inspection Closing 52

HomeLight

JANUARY 27, 2021

Your mortgage payment is more than just the cost of the principal and interest on your loan. In some markets, property taxes can be thousands of dollars per year, adding hundreds of dollars to your monthly payments. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest!

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

DECEMBER 23, 2021

You’ll also want to calculate your equity — the value of your home minus the total principal owed on your mortgage, if applicable. Their average days on market: How fast an agent sells homes compared to the area average and to their peers is an indication of how quickly they’re able to find buyers and their marketing skills.

Inspection 101

Inspection Agents Closing Staging 101

Marco Santarelli

AUGUST 18, 2022

Days on Market decreased 5.9 The housing affordability index, calculated by the NHAR, measures whether a median household earns enough to qualify for a 30-year fixed rate mortgage to purchase a median-priced single-family home, assuming a down payment of 20 percent, without paying more than 25 percent in principal and interest.

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Camden First Time Home Buyers Program (FTHP).

Land 110

Land Closing costs Purchase and sale agreement Loans 110

Marco Santarelli

JANUARY 1, 2021

Lakeland is a principal city of the Lakeland–Winter Haven Metropolitan Statistical Area. It is the principal city of the Ocala, Florida Metropolitan Statistical Area. The average number of days on market is 83. This creates a strong demand for Lakeland rental homes, especially those that low-income residents can afford.

Investor 138

Investor Residential Marketing As-is 138

HomeLight

NOVEMBER 3, 2022

While the market is slowly cooling – or normalizing – home prices remain steady in many North Carolina cities and median days on market are relatively low, although today that can mean a week or two versus a day or two earlier this year. The company has been in business for more than 20 years.

MLS 98

MLS Purchase and sale agreement Agents Sales 98

HomeLight

JANUARY 11, 2023

One of the principal founders has been in real estate for more than 30 years, lives in Orlando, and has a current broker’s license with Sand Dollar Realty. In Melbourne, it typically takes around 65 days to sell a home on the market using an agent. No text blasts or constant messaging.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

JULY 25, 2022

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses.

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

JULY 25, 2022

Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses. You’ll need a knowledgeable agent familiar with your market to help guide you. Just be sure to set a reserve price. The two-year requirement doesn’t have to be continuous.

Closing costs 110

Closing costs Short sale Equity Sales 110

Marco Santarelli

AUGUST 3, 2020

Rising prices may keep some from participating in the market, high property taxes can deter the expected growth, but the reality is San Antonio continues to rank as one of the best places to live across the country. On average, homes in San Antonio, TX sell after 60 days on the market. Graph Credits: Realtor.com.

Marketing 124

Marketing Investor Sales Construction 124

Marco Santarelli

SEPTEMBER 23, 2021

Instead, the Saint Louis metro housing market includes 2.8 Louis, the principal city. Days on Market decreased 37.8 million people. It is a bi-state metropolitan area that completely surrounds and includes the independent city of St. It includes parts of both Missouri and Illinois. Median Sales Price decreased 0.4

Marketing 76

Marketing Residential Investor Sales 76

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Agents might also be less motivated to market the property since they are not guaranteed a commission.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

JANUARY 3, 2021

Among the advantages of this strategy is that during the time that you hold the property and rent it out, the mortgage is paid down every month, decreasing your principal balance and increasing your equity in the rental property. The most desirable rental markets for property investors aren't always in big cities.

Investor 105

Investor Property Management As-is Renovation 105