Wednesday, August 7, 2024 / by Dick Keenan
When you're ready to move, deciding what to do with your current home can be a big decision. Should you sell it and use the proceeds for your next step, or keep it as a rental to build long-term wealth? This decision isn't always straightforward. Whether you're interested in rental income or concerned about the responsibilities of being a landlord, there’s a lot to consider.
Here are some key questions to help you determine the best option for your situation.
Is Your House Suitable for Renting?
Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Consider the following factors:
Location: If you're moving far away, maintaining the property can be challenging.
Neighborhood: Some neighborhoods aren’t conducive to rental properties.
Condition: If the house needs significant repairs, renting it out might not be feasible without substantial investment.
If any of these points apply, selling might be y. ...
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Friday, June 21, 2024 / by Dick Keenan
Many homeowners today feel trapped by the current high mortgage rates, making the idea of selling and moving less appealing. If you’re in this situation, it might seem like there’s no good solution. However, there’s a potential way to counteract these higher borrowing costs: leveraging the equity in your current home.
What Is Equity?
Equity is essentially the difference between your home's market value and what you owe on your mortgage. As you pay down your mortgage and as home values rise, your equity increases. Recent years have seen significant home price appreciation, so many homeowners have more equity than they might realize.
According to the latest data from the Census and ATTOM, over two-thirds of homeowners have either completely paid off their mortgages or have at least 50% equity in their homes.
How Your Equity Can Help You Move
Your home equity can be a powerful tool when selling your house, helping you navigate higher mortgage rates more ea. ...
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Friday, June 26, 2020 / by Traci Pimentel
Delightful 2 story, 2 bedroom, 1.5 bathroom home on a quiet cul-de-sac in the charming community of Scandia Villas. Enjoy your own Utopia in the private backyard, surrounded by living vines and whimsical trees. Live in the heart of the Central Coast, just blocks from the beach, famous Oceano Dunes and less than 3 miles from the historical Village of Arroyo Grande and freeway access.
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real estate, keenan carter group, keller williams, central coast, home buyer, home purchase, new home, home ownership, san luis obispo county, moving, house for sale, first time home buyer, virtual tour, teri mckay, virtual home tour, new listing, beach living, grover beach, grover beach houses
Friday, April 10, 2020 / by Traci Pimentel
Darling, white picket fence, gated community of Arborwalk welcomes you home! This 2 story home has 3 bedrooms & 2.5 bathrooms, all bedrooms located on the second story. The downstairs living area has an open concept floorplan. This home includes a laundry room, attached 2 car garage and patio yard with a built in gas outdoor grill.
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