A few years back a lot of homeowners got obsessed with how much the value of their homes appreciated. The equity in their homes translates to “savings in paper” which they can use to finance another property, a holiday or their retirement. Even if some homeowners did nothing with that equity, it still gave them a feeling of financial security that they are actually richer than when they first bought their property.
However in recent times, that sinking good feeling had turned into financial insecurity and even bankruptcy to some. A lot of people are complaining how they lost a big chunk of the value of their home.
Thus, we sometimes wonder “What is really the true value of our home?” Is it the price we bought it for? Is it the valuation a few years back when prices were high or does today’s prices reflect the real value of our homes?
Written on June 28, 2008 | Posted in
Buying a Home,
Insights |
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I was checking for some informative real estate videos in YouTube when I saw this interview with Barbara Corcoran. It was in line with my recent article “Inspect the property several times, before you sign a contract“. We share the same views about being in the lookout for bad neighborhoods, especially bad neighbors. No matter [...]
Written on October 9, 2007 | Posted in
Buying a Home,
Investment Tips |
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Inspecting a property and it’s surrounding environment during the day and at night, might sound a bit too much. However, after reading this article in NYTimes; Day and Night, you’ll discover how some neighborhoods can change from daytime to nighttime. I personally experienced the need to inspect the property several times before signing the contract. [...]
Written on October 8, 2007 | Posted in
Buying a Home,
Investment Tips |
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We always hear about “Location, Location, Location” as the most important consideration in real estate investment. But, what if you are just planning to live on it? How important is location in buying a home? In my opinion, it is still one of the most important considerations. If you have to choose between a nice [...]
Written on September 27, 2007 | Posted in
Buying a Home |
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