Home Value

What is Home Equity?

On: March 31, 2023

In: Colorado, Florida, Home Equity, Home Value, Real Estate Terms

Home equity refers to the value of a homeowner’s interest in a property, which is calculated by subtracting the outstanding mortgage balance from the fair market value of the property. For example, if a property is worth $500,000 and the outstanding mortgage balance is $300,000, the homeowner has $200,000 in home equity.Continue Reading

How to Price Your Home Correctly

By: Dan Skelly Real Estate

On: March 24, 2023

In: Home Value, Selling Your Home, Selling Your Home Fast

When it comes to the real estate market, pricing your home correctly is one of the most important factors to consider. A home that is priced too high or too low can result in lost value, decreased buying power, and deter potential buyers from making an offer.Continue Reading