This headline came through my email this morning from the National Association of REALTORS®:
“Report: 90% of Properties Now Have Equity More home owners are emerging from the negative equity trap, which bodes well for a stronger housing recovery.”
This is such great news that I just had to share it. I remember years ago when I started my real estate career, it was very common that I would have to figure out how much my sellers would have to BRING to closing to sell their home.
Many times, I had to tell people that it really was not feasible for the to sell at the time. I would tell them to sit tight if they could. Some took that advice, but others had to move for whatever reason and many lost big.
It was quite disheartening for sellers to realize that they would have to pay to sell their homes. Sometimes I would have to explain that the boat or RV in the driveway, which they used a Home Equity Line of Credit to buy was they reason that they now couldn’t move.
I am so happy that so many people are coming out of being underwater on their homes, and they will now be able to make their dreams of a new home come true!!
If you are one of the MILLIONS of people who have been waiting to sell, let me know. If I can’t list your house myself because of location, then I can refer you to an awesome agent in your area!