ceo-stories

  A recent survey from   LendingTree.com   found there are multiple reasons why Americans would choose to purchase a home instead of   renting  States  Michael Eastwood Author/ Chief Executive Officer of Bello Sol Inc-West USA Realty of Prescott   . Some of the most popular   non-financial   reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way  homeownership  builds wealth  over time. And experts agree – the home you own is an important tool for building your net worth.  Here’s what many of those experts have to say about building long-term financial stability through homeownership. According to the  National Association of Realtors  (NAR): “Homeowners who purchased a typical single-family existing-home 30 years ago at the median sales price of ...

  The financial benefits of buying a home versus renting one are always up for debate states  MIke Eastwood Author/ Chief Executive Officer of Bello Sol Inc-West USA Realty of Prescott . However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the  latest research  from the  National Association of Realtors  (NAR): “ Homeownership is a key pathway to building wealth  and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in  equity  builds the wealth of the individual that owns it. This wealth can be passed down to future generations. The  Federal Reserve  in an addendum to their  Survey of Consumer Finances  explains: “There are numerous ways families can transmit wealth and resources across generations. Families can directly transfer th...

  There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market states  MIke Eastwood Author/ Chief Executive Officer of Bello Sol Inc-West USA Realty of Prescott . Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is   very high   and supply is   very low , prices can rise   significantly . Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? According to the latest  Home Price Insights  report from  CoreLogic , home prices have risen 18.1% since this time last year. But what’s driving the increase? Recent buyer and seller activity data from the  National Association of Realtors  (N...

  Even in a hot   sellers’ market   like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers states  MIke Eastwood Author/ Chief Executive Officer of Bello Sol Inc-West USA Realty of Prescott . Taking the time up front to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this  fall . 1. Price It Right One of the first things buyers will notice is the price of your house. That’s why it’s important to  price it right . Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final sales price up. Pricing your house too high to begin with could put you at a disadvantage by discouraging buyers from making an offer. Your trusted real estate advisor can help you find the price for your home that reflects the current  market value . Lean o...

   If  you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional states Mike Eastwood Author/Chief Executive Officer of Bello Sol Inc/West USA Realty of Prescott. In a   sellers’ market   like today’s, it can be tempting to list your house   on your own   – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you   time and money   by managing every step of the process, from pricing your home to reviewing documents and handling negotiations. Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. 1. First impressions are everything – and an agent knows how to make a great one. Prepping a house  for sale requires a significant amount of time and effort, even though it may seem simple at first glance. Doing it  right  so it stands out takes expertis...