Equity is the value of your home minus what you owe on your mortgage. For example, If Joe's home is worth $200,000 and Joe still owes $170,000, then Joe's Equity is $30,000.
All homeowners in Atlanta Georgia and surrounding counties should be aware of the Rule of 50/20. For most mortgages, after making payments for 15 years on a 30 Year mortgage you will have only paid off around 20% of your principle. In other words, after paying for 50% of the term of your 30 Year mortgage, you will have only paid off 20% of what you owe on your home. That's the Rule of 50/20.
In the early years your mortgage payments are front-loaded with HUGE interest payments. Only a small amount each month goes towards your principle. Therefore it takes a long time to build decent Equity in your home.
Most homeowners in the Greater Atlanta Georgia Metro Area only stay in a home for around 7 years, that's very little time to build Equity.
Remember, agent/broker commissions come out of your Equity. Using the above example, if Joe's Equity is $30,000 and he pays 7% commissions ($14,000) to an agent/broker, Joe will lose close to 50% of his Equity just to have someone sell his house for him.
If Joe sold his home on http://www.fsboatl.com he saves this expense and protects his Equity.
For the latest updates visit: www.fsboatl.com
No Commissions - Just Results ?
When I first started getting active in creative real estate,... Read More
You'll want to take some items in your own car... Read More
On October 22, 2004, President Bush signed tax legislation that... Read More
Real estate investing runs the gamut in terms of risk... Read More
There isn't a realtor in existence who wouldn't tell you... Read More
In this article, you're going to discover new techniques for... Read More
When I was a young child I had many annoying... Read More
Great, now how do I actually INVEST in real estate?Investing... Read More
Bankruptcy Will Stop Your Sale - At Least For Now... Read More
If you are thinking about selling your house, you should... Read More
First, let me state that I'm not an attorney and... Read More
Have you seen this in your classifieds? -"Will pay $$$... Read More
Awaken to the sounds of softly rustling trees and tranquil... Read More
When looking for a home, it is important to first... Read More
A house properly priced is half sold. But there are... Read More
Buyers think they love Italian tile and other hard floor... Read More
The only way to buy a home in Spain is... Read More
Investing in real estate is more complex than simply buying... Read More
Negotiation is the process of communication back and forth in... Read More
Whether you list with an agent or sell on your... Read More
Like a monarch, Red Haring reigned in the deep leather... Read More
Description: Even in uncertain economic times like these, history shows... Read More
Tenants in Common is a way of sharing ownership of... Read More
A typical real estate commission on a $234,000 home (national... Read More
Over the last two years there has been so much... Read More
Through our website the most common question that we receive... Read More
The secret disclosed on how you too could achieve financial... Read More
At this moment, you have access to some amount of... Read More
Selling your home? Here are some suggestions to help you... Read More
The secret to success in real estate investment is finding... Read More
The first thing you need to do is stop thinking... Read More
Just like most things real estate investing can be broken... Read More
Property Condition - Seller's What to Expect During the Inspection... Read More
The first thing most of us think about when the... Read More
Many parts of the country are going through a real... Read More
Location, location, location - known as the 3 most important... Read More
Since you are a business oriented person, you might be... Read More
Making money in real estate is an endless topic that... Read More
I do not profess to "Know" what the real estate... Read More
I can't emphasize enough how important it is to have... Read More
Real estate investing runs the gamut in terms of risk... Read More
Horses In My Back Yard by Jody Hudson, with Extensive... Read More
Selling your home requires some thought and a clear plan... Read More
There are numerous advantages to owning a home. One of... Read More
When you sell your home, appraisers use comps (comparable market... Read More
More and more individuals are realizing that real estate is... Read More
What is a 'Home Warranty?'A home warranty is like an... Read More
What is title insurance and why should any buyer get... Read More
I was in the rental business for seven-years, made 1.3... Read More
Real estate investors specializing in fixers make higher profits when... Read More
Here are some Handy wee Tips to help you Sell... Read More
Brazil Property - FortalezaThe PlaceWhat to do in a place... Read More
Chapter OneShe reached the phone on its second ring. "This... Read More
Most people buy one or two properties. One is their... Read More
You're travelling in a foreign country and you get arrested... Read More
You'd like to buy a vacation home, but you're not... Read More
Selling property privately has many advantages over using an estate... Read More
Not so, says the author of this article and four... Read More
Even if you're counting on rising property values to eventually... Read More
When considering investment properties, first of all, it must be... Read More
Property Investing Secrets: When you Make Property Easy to Buy... Read More
Description: Even in uncertain economic times like these, history shows... Read More
You've probably heard a lot of opposing information about Investing... Read More
In many places you can buy a house and a... Read More
When property investing, pay the seller their asking price but... Read More
First you need to find a list of For Sale... Read More
Real Estate |