Neighborhood Spotlight – Murphy Creek, Aurora. This desirable golf course community on the eastern outskirts of Aurora features luxury and affordability with prices ranging from $269K to $455K over the last 6 months. Currently there are 3 active listings ranging from $340K to $375K and 11 homes under contract from the $280K to $455K price points…. [Read More]
Leverage – Maximum Advantage to Homeowners
Leverage gives the user a maximum advantage whether it is physically lifting a large object or rapidly building equity in a home. In the case of the home, the high loan-to-value mortgage allows the profits made to be greater than simply the cash invested. A $250,000 home can be purchased on a FHA loan with… [Read More]
Digital Showings
Ask any real estate professional if they have sold a house without the buyer having physically seen it and they’ll most likely tell you they have. While it may have been an unconventional sale, it is more prevalent today than it was twenty or even ten years ago. The digital world of the Internet has… [Read More]
It’s a Big Difference
Let’s say that you just won $8,750 on a lottery scratch-off ticket. You’ve decided to be frugal and invest the money and have decided on three alternatives: buying a certificate of deposit, a mutual fund or use the money as a down payment for a $250,000 home. To compare the three alternatives, let’s look at… [Read More]
Is Understanding Costing You Money?
People tend to fear what they don’t understand. Homeowners understand fixed rate mortgages and remember the horror stories of people who lost their homes because they could no longer afford them when their adjustable rate mortgages went up. Interest rates on fixed-rate mortgages have been so low for enough years, that borrowers haven’t even given… [Read More]
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