What's Your Equity?

All we hear in the news today is how bad the real estate market is; however in today's Richmond Times Dispatch, Kenneth R. Harney puts a different spin on home values for homeowners. Although property values may not be what they were a few years ago, many people in this market still have equity in their home. It all depends on location, improvements, and how long you have been in the home. Homes were never meant to be bought and sold every few years; that market was inflated and artificial! People who have lived in their homes for more than a few years and made improvements over that period, more than likely would be pleasantly suprised.

http://www2.timesdispatch.com/business/business/2011/oct/01/tdbiz04-kenneth-r-harneys-the-nations-housing-for--ar-1350196/

To find out what kind of equity you have in your home, or learn more about buying a home, don't hesitate to let me know!