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25
Montague Miller & Co Realtors celebrating 75 years of service
Montague Miller & Company is proud to be
celebrating 75 years of service
in Charlottesville and surrounding communities!
15
Learn how to leverage your equity when you sell your home
One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this:
"Home equity is the portion of your home you've paid off – in other words, your stake in the property as opposed to the lender's. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances."
Majority of Americans Have a Large Amount of Equity
If you've owned your home for a while, you've likely built up some equity – and yo...
1
Selling your home? Tips to unleash the wow factor
There are countless reasons that buyers choose one home or another, but one thing is guaranteed: the final decision comes down to emotion. When selling your home, it's essential to do everything you can to help prospective buyers love the property and "see themselves" there.
Even if they are looking at many other properties, the one that resonates with them on a deeper level is the one most likely to finally close the deal. Luckily, you don't have to be a mind-reader to be successful in selling your home. With a few basic "best practices," you'll find yourself with big advantages in the market.
- Get Excited About Staging
Staging is one of the most valuable advantages anyone can have for positioning a home to move. A well-staged h...
1
Rookie Mistakes That May Bench Your Home Sale
The decision to sell a home isn't one to face lightly. Going through with it means undertaking one of the most complex processes you'll ever undertake. Luckily, the help of a real estate expert simplifies things and makes it a lot less stressful. Still, researching the topic is always a good idea.
The more you know, the easier it'll be to make informed choices throughout the "game." Your real estate pro can offer you expert advice, but the final decision is always up to you.
Let's look at some of the most common "rookie mistakes" that can send your sale to the dugout:
- Rushing Your Agent Pick
Selecting an agent is one of the most...
28
Rising Mortgage Rates - What you should know
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you're planning to purchase a home this year, you too may be wondering if now's the right time to buy or if you should hold off on your search until rates come back down.
The recent uptick in rates has been driven by what's happening with inflation. Joel Kan, Vice President and Deputy Chief Economist at the Mortgage Bankers Association (MBA), explains:
"Mortgage rates increased across the board last week, pushed higher by market expectations that inflation will persist, thus requiring the Federal...