Why Borrow Against Home Equity
Posted on Sep 09, 2019
Home equity is the difference between the value of your home and the unpaid balance of your current mortgage.
For example, if your home is worth $250,000 and you owe $150,000 dollars on your mortgage, you’d have $100,000 in home equity.
Your home equity goes up in two ways:
- as you pay down your mortgage
- if the value of your home increases
You may be...
Using a REALTOR® Leads to a Much Higher Sales Price than Selling a Home Yourself
Posted on Sep 09, 2019
According to a research report done by the National Association of Realtors. For Sale by Owner [FSBO] properties typically sell for much less than the selling price of other homes. Last year, across the United States, the average FSBO home sold at a median of $200,000,
which is significantly lower than the median of agent-assisted homes, which sold...
Sales activity increase led by lower-priced homes
Posted on Sep 09, 2019
City of Calgary, September 3, 2019 – Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.“Employment numbers have been improving, but mostly in industries that are traditionally lower paid,” said CREB® chief economist Ann-Marie Lurie. “This is contributing to the...