If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.
As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it.  Here are a few examples.
1. Buy a Home That Fits Your Needs
If you no longer have the space you need, it might be time to move into a larger home. Or it’s possible you have too much space and need something. ...

I’m sharing six things you can do to bolster your offer’s appeal.

In today’s market, many buyers are wondering if it’s worth going through all the effort to secure themselves a house with such little inventory available. After all, only one offer per home is accepted, and it can make the process frustrating if you don’t have the right tools at your disposal. Here are a couple of things you can do to make your offer stand out from the competition:
1. Submit a large earnest money deposit. Remember that your earnest money deposit goes toward your down payment at closing and that you can get that money back during various points of the loan process. There’s no risk to you, but to a seller, a larger deposit shows that you have both the resources and backing to make it to the closing table.
2. Get pre-approved with a lender. Before you even submit an offer, you need to speak with a lender. Get educated about the numbers so that you can make the stro ...

Here’s a quick update on Phoenix real estate heading into spring 2021.

Today we’re going to take a closer look at the spring market for Phoenix real estate in 2021. The word unprecedented is probably overused in today’s world, but it’s hard to find a better word to describe what’s happening right now.

"Homes are selling just as quickly as they’re listed."


For starters, we’re sitting at record-low inventory levels. There have never been this few homes for sale in Phoenix. Inventory is down almost 60% from where it was this time last year, and even that was low for our market. Additionally, homeowners have seen a 19% home appreciation rate year over year, so a lot of homeowners are sitting pretty with some nice equity in their properties.


The biggest things driving home price growth are record-low interest rates and an influx of people coming here from the coasts and other big cities. They’re able to offer a little more on ...

Are you concerned a housing bubble might be looming? In this post, I give you 3 reasons why the Phoenix Housing Market is nothing like the crisis we saw in 2005/2006. For more Phoenix real estate advice and tips on the current market, check out my youtube channel: https://www.youtube.com/channel/UCKwi5-5TiG3TIWWuY_GA8BA Reason # 1 - Rental Home Prices Are Rising Between 2000-2005 rental rates decreased as home prices increased. When home prices are increasing and rents are decreasing for the exact same home that is a strong signal of a real estate bubble. Today renters face stiff competition as rental rates are on the rise. Reason # 2 - Types of Buyers During the 2005 crisis, anyone could purchase multiple homes for little to no money down. Our buyers out there today are qualified with solid credit scores and the desire to live in that residence long term. Investors today are purchasing with all cash and typically 20% down, so we are seeing a lot of real money poured into the market. R! ...

Buying a house is very exciting, but has anyone ever shown you what the 4 closing costs associated with buying a home are?
Buying a house without knowing your budget is sort of like painting your house without knowing the color. When you know your budget, you’ll be better prepared and there will inevitably be fewer surprises. 
Hi, I’m Ryan Nager with the Ryan Nager Group and in this video, I’m going to walk you through the 4 buyer closing costs associated with buying a home and what you can expect. Knowing these numbers will help you make wise financial decisions and the truth is... good deals go fast. When you know your numbers, you can't take advantage of good deals without hesitation. 
1. Money For Your Down Payment This isn’t so much as cost... as you’re putting it towards the house but it does leave your bank account. Generally, you can see down payments anywhere from 3-20% of the purchase price. 
2. Title Costs When you close on ; ...