Have you checked on your home value lately?

by admin on January 18, 2011

in Radiant Tips and Advice,Real Estate News

Have you checked on your home value lately?

The housing bubble forced many home owners to do their best Ostrich impersonation, and I really do not blame them. It has been a scary and even depressing time, especially for those who bought at the top of the market in the mid 2000’s. This caused many to stick their heads in the sand and literally become ignorant to their largest investment’s value. The times are changing though, and although the market may not see the type of recovery that current home owners would wish for in the immediate future, there are some good reasons for you to take the time to find out what your home is worth.

Reason #1: It may not be as bad as you think.

No, your home is not worth what it was in 2006, but today we are seeing increases in property value in many areas across Southern California. Data and reports come out every single day in the newspapers and on the internet that give both good and bad news, but the only way to know for sure about YOUR home is to research your specific neighborhood, and the comparable sales close to your home. If your neighborhood is targeted by buyers, and there is not a large supply of homes, you could be in a better position than you think. Did you know that Radiant Property Group will give you a free comparative market analysis with no strings attached? We are happy to partner with you, and provide you with information that will empower you with much greater accuracy than online sites that assign value with little accuracy.

Reason #2: You could be eligible for a refinance or loan modification

Many programs exist that you could be taking advantage of. Without knowing what your home is worth you could potentially be spending too much of your hard earned money each month. Banks are being strongly encouraged to work with their borrowers, and we have seen some amazing results for people who have the right people working by their side. Radiant Property Group has had success in working with clients to stay in their homes, and lower their payments to a level that they can afford.

Reason #3: Things probably are not changing for a while, but the show must go on!

You have goals. You want to make financial strides in the next five years, ten years, and beyond. All signs are pointing to the fact that as a whole, values are not going to be fluctuating drastically one way or another for some time. Our government and the lenders are working hard to keep the market steady, and consumers will not be ready to fork out 2006 type money on a home until the entire economy is roaring again. With this in mind, it is wise to take your head out of the sand, and get a firm grasp on where you stand. Stop running from reality, and find some peace in knowing what your biggest investment is worth, and what you need to do to begin to plan for the future.

Written by Jonathan Pearson of Radiant Property Group

We look forward to your call and an opportunity to serve you!

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