Net Worth | Evelyn Lopes Realty Team_Blog

Tuesday, February 21, 2023   /   by Evelyn Lopes

PROS AND CONS OF SELLING VS RENTING MY HOME

PROS AND CONS OF SELLING VS RENTING MY HOME
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PROS AND CONS OF SELLING VS RENTING MY HOME
Are you trying to decide whether to sell your home or rent it out? This is a common dilemma for many homeowners. Here's the situation: You just bought a new home or are thinking about buying a new home and you are trying to decide what to do with your current property that you own and live in. Do you sell or rent it? It’s a big decision that requires careful consideration of both the advantages and disadvantages of each option and more importantly how your choices will affect you moving forward.
Selling your home can provide you with a lump sum of cash and freedom from property management, while on the other hand, renting out your property can provide you with a steady stream of passive income and a long-term investment. The ultimate choice, however, is not quite as simple as that. Each option whether selling or renting the property has its upside and its downside.
Which option is. ...

  real estate, evelyn lopes, caledon real estate, brampton real estate, orangeville real estate, caledon, halton hills real estate, mississauga real estate, real estate tips, guelph / eramosa real estate, home selling, real estate investments, georgetown real estate, finance, net worth, bigger pockets, pros and cons, real estate investing, rental property, selling my home, should i rent my home, should i sell my home

Thursday, July 22, 2021   /   by Evelyn Lopes

How to Bridge the Appraisal Gap in Today’s Real Estate Market

How to Bridge the Appraisal Gap in Today’s Real Estate Market

 
 
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.
 
That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the sales price. Thus, many sellers favour buyers who can guarantee their full offer price—even if the property appraises for less. For the buyer, that could mean a large down payment or extra cash on hand to cover the gap.
 
Whether you’re a buyer or a seller, it’s never been more important to understand the appraisal process and how it can be impacted by a quickly appreciating and highly competit. ...

  evelyn lopes, evelyn lopes realty team, real estate, real estate news, caledon, finances, first time buyers, home prices, net worth, real estate investments, real estate market, saving for a home, mortgage, appraisal

Tuesday, June 22, 2021   /   by Evelyn Lopes

Could Rising Home Prices Impact Your Net Worth?

Could Rising Home Prices Impact Your Net Worth?

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.
 
Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach.
 
If you’re a homeowner, it’s important for you to understand how your home’s value contributes to your overall net worth. If you’re a renter, now is the time for you to figure out how homeownership fits into your short-term goals and your long-term financial future. An investment in real estate can help you grow your net worth, build wealth over time, and gain a foothold in the housing market to keep pace with rising; ...

  evelyn lopes, evelyn lopes realty team, real estate, real estate news, home and lifestyle, home prices, net worth, real estate investments, home improvements, rising home prices

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Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 16, 2024
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