4. Beware of fees.
“For every dollar you pay to invest,” Fisher says, “it’s a dollar less you have in your account.”
5. Be wise about what you are investing in.
in things that have the opportunity to grow over time, such as
children, retirement accounts, homes,” Fisher says. “Don’t invest in
things that go down most of the time, such as cars, boats, and jet
6. Make your bank pay you something for what you deposit with them.
“They don’t loan you money for free,” Fisher says, “so you shouldn’t loan them money for free.”
Written by Amber Lindros.
A popular home-price website, www.zillow.com will give you an immediate estimate of the market value of your home. Even lenders are comparing work done by certified appraisers to Zillow estimates as a regular practice these days.
But take heed, a Wall Street Journal analysis of 1000 recent home sales shows Zillow more than 25% off
target on 11% of them. In 34 of the same transactions, Zillow was off by more than 50%.
In Brisbane one property was listed as a two bedroom home when in reality it was originally built as a three bedroom, dropping the Zillow estimate or “Zestimate” up to $100,000.
Even so, with all of its faults, for a quick reference point on market values, Zillow is a technologically new and helpful resource.
However if you really want to know the value of your particular home in a more absolute way that takes into account your particular home’s special features, always call a professional appraiser or a real
estate broker…like me!
By Linda Dettmer ©
you know, your agent has a fiduciary (legal) responsibility to guide
you through the decision making process as you buy or sell your home.
The bottom-line question for all parties is, is this a fair offer?
current marketplace standards sellers must ask themselves, is this
buyer motivated, qualified and again, is this a fair offer. How long
your home has been on the market, how many offers you have received and
what your competition has sold for are perfect indicators to answer that
Buyers must consider many of the same things as seller,
along with how changing interest rates will affect their future house
payment and whether they are buying to stay a long while or short term.
A short stay in what may continue to be a declining value market, has
the potential to make re-selling at a profit nearly impossible. A
longer-term ownership may give our market the chance to do what it has
done historically and repeatedly... appreciate!
Call me for all your real estate needs and I'll...
"See You At Home!"
Here for you!