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homeowner and renter net worth

The Net Worth Difference Between Homeowners and Renters

When it comes to building long-term wealth, the homeowner and renter net worth gap is staggering. According to the Federal Reserve, the average homeowner has a net worth of about $396,500, while the average renter’s net worth is just $10,400. Why is the difference so massive? Every mortgage payment a homeowner makes builds equity—essentially, their

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Stay financially consistent

Things to Avoid After Applying for a Mortgage: Stay Financially Consistent

Applying for a mortgage is a major step in the homebuying process. Once your lender has reviewed your financial situation, it’s important to stay financially consistent until closing day. Any sudden changes in your finances could put your mortgage approval at risk. Here are a few key things to avoid: The best advice? Before making

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Buyers Have More Negotiation Power

Buyers Have More Negotiation Power – Here’s How To Use It

You may have heard there are more homes for sale right now. And while that’ll vary depending on the market, it means that overall, things are starting to lean in a more balanced direction. As that happens, some sellers are a bit more open to compromise. Here’s what that means for you. You may be regaining some negotiating power.

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Relist Your Home Now

Is It Time To Put Your House Back on the Market?

If you took your house off the market in late 2024, you’re not the only one. Newsweek reports that data from CoreLogic and the Wall Street Journal (WSJ) says nearly 73,000 homes were pulled from the market in December alone – that’s more than any other December going all the way back to 2017 (see graph below): Whether it was because offers weren’t

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Mortgage pre-approval process

Why the Mortgage Pre-Approval Process Should Be Your First Step in Homebuying

If you’re planning to buy a home, the mortgage pre-approval process is one of the most important steps to take before you begin your home search. Getting pre-approved means a lender reviews your financial information—like your income, credit score, debt-to-income ratio, and payment history—to determine how much you’re qualified to borrow. This gives you a

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Pre-Listing Home Inspection Benefits

Why a Pre-Listing Inspection May Be Worth It in Today’s Market

Selling a house comes with a lot of moving pieces, and the last thing you want is a deal falling apart over unexpected repairs uncovered during the buyer’s inspection. That’s why it pays to anticipate potential issues before buyers ever step through the door. And one way to do that is with a pre-listing inspection.

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