For November, sales have slowed a bit:62 homes SOLD in Culpeper County. 1 sold between $130-199,999; 5 soldbetween $200-249,999; 6 sold between $250,000-299,999; 14 soldbetween $300-349,999; 8 sold
As Your HOME EQUITY rises, so does your INCOME!
Dated: October 13 2021
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.
Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.
The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.
What does all of that mean for you?
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If you’re living on your own and want to own a home, know that you can make your dream a reality with thoughtful planning and the right team of experts:1. Know Your Credit ScoreWhen you