How Much Cash Is Your House Sitting On?

How Much Cash Is Your House Sitting On?

May 21, 2018 | No Responses

By Jennapher Bell & Pablo Gomes, with Jessie Watson.

 

HAVE YOU BEEN ASKING YOURSELF…

HOW MUCH CASH AM I SITTING ON?

WHY ARE HOME PRICES SO HIGH?

AM I WASTING MY EQUITY?

 

LOW SUPPLY + HIGH DEMAND = RISING HOME PRICES

It’s clear to see that the market is on the rise. Ever since the devastating crash of 2007, the market has finally begun to recover. Unemployment rates are at an all-time low, people are making good money again, and more importantly… HOME VALUES ARE ON THE RISE!
Do you know what your home is currently worth?
No?
Well you should! And that’s where we come in. Team Escala offers COMPLIMENTARY appointments to evaluate your home’s current market value in relation to the homes that have been selling in your area. 
How can you know how much equity you have built up over the years until some one tells you what your home is worth??? 

 

3 Reasons Why NOW is the Time to Sell

1.LOW RATES


Did you know that interest rates were up to almost 20% in the 1980’s?! 
Luckily today interest rates are at an all-time low. We are talking rates as low as 4%! Even lower if you buy-down. 
So what does this mean for you? 
Well… What is your current mortgage rate? Are you over-paying? Could you be saving yourself money every single month that could be better spent on a fabulous vacation? Maybe it’s time to find out.
Why is a low interest rate so important? One word… SECURITY. By locking a fixed rate on a 30-year loan, you are providing yourself with the security of a fixed payment that you KNOW you can afford.

 

2.HIGH DEMAND


Do you remember taking Econ 101 in high school? Here is a brief refresher: 
low supply + high demand = rising prices. 
Did you know that home inventory has decreased by MORE THAN 50% in the last 10 years?! That is over 3 million homes JUST GONE! What does this mean for you? 
This means that you are sitting on a gold mine, my friend! My is gold so valuable, because it is rare… And so is your home! Maybe it’s time to cash in on that gold mine and upgrade.
Lack of inventory equals lack of competition. This is great news for you because that means that there are less houses available for house hunters to choose from. Why wait until the market is booming at the end of the school year when everyone is listing their homes? Let’s get a jump on it to get you the best price possible!
In the past year alone, Jenny and Pablo have successfully managed over 20 deals. The duo is highly experienced in providing a smooth transaction between properties while simultaneously representing both Buyers and Sellers. Being a millennial in the industry has prepared these two to offer trending technology in their marketing presence. 

 

3.EQUITY


What is equity?
Equity is the amount of money you would get from selling your home after all expenses and fees are paid; essentially equity is your NET.
How much equity do you have in your home? Well that is hard to figure out unless you know what price your house would sell for and how much all of the expenses cost.
Low inventory is shooting prices up and we offer free appointments to help figure out your net!
Did you know that the median prices in Modesto have increased at least 7% in the last year?! That means MORE MONEY IN THE BANK FOR YOU!
Jenny and Pablo have prepared dozens of comparative market analysis for prospective Escala clientele. Since joining Team Escala, this pair has helped almost 10 families discover hidden equity that had been building in their homes. On average, we’ve seen home-owners just sitting on $85,000 worth of equity!
Have you ever wished that money would just fall into your lap? Well apparently money doesn’t grow on trees… But it does grow in houses. How much money are you living in right now?! This is your chance to really CASH IN! 

How much $$$ do YOU have?

Author: Jennapher L Bell

Hello, my name is Jennapher Bell and I’m a realtor with Escala Properties.  I’ve lived in the Central Valley for 27 years and have 2 beautiful daughters. I was a licensed cosmetologist for 7 years before I found my calling in real estate. Since I’ve been a licensed realtor I found a home at Escala Properties, where we are not just a team but a family. Thank you for taking the time to view our homes and I look forward to working with you soon!

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