Found 2 blog entries tagged as Equity.

Comparing Renting vs Buying: Weighing the Pros and Cons

Deciding between renting a home and buying a home is an important decision that can have long-term implications. There are advantages and disadvantages to each option, so it's best to weigh these carefully before making your choice. 

 

When it comes to renting a home, there are several significant benefits. For one, renters don't need to put up money for a down payment or shoulder the burden of a mortgage. Renters also enjoy more flexibility in terms of moving if their job or another circumstance changes. On the other hand, renters may pay more in total costs over the course of their rental agreement than they would if they bought the same property. They likewise won't build any equity from…

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Real estate is one of those industries that seemingly comes with its own language; full of unfamiliar terms and definitions that can make the process of selling your home quite stressful. But there’s no need to sweat—you’re not alone! You’re just one of thousands of confused home sellers anxiously Googling “what does contingent mean in real estate” on a Saturday night. And unless you’re experienced in real estate, no one is expecting you to know! That’s why we REALTORS® are here to guide you and educate you through the process. And that includes teaching you the terms you may encounter in the journey to selling your home, like these:

Appraisal

An appraisal is the process of assessing your home’s fair market value based on its condition,…

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