Home Loan News
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Below are four reasons why your clients should know their home value, outside of the usual curiosity factor. Also included is a free way for them to get an accurate evaluation at no cost.........
1) Insurance Coverage
As you know, it's always a good idea to ensure insurance coverage is up to date with the changing value of a home. Click here for an article we wrote a few years ago on home insurance coverage; it’s worth revisiting this as it could save a client’s home!
2) Time to Sell
For some, their retirement plan may be cashing out equity on a California home so they can buy a home outright in a less-expensive market. For instance, your client may owe $300k on a home that is now worth $600k. Their best financial move could be to take that $300k (minus selling expenses) and purchase a $150k home elsewhere, pocketing the rest for retirement. Now they’ll have money in the bank and no house payment. Knowing their home value helps them (and you) better assess these options.
3) Possible Refinance
There are still a number of people who have a home loan at an interest rate well above the current market, or who have an adjustable rate loan because they haven’t had the equity to refinance. Home values change constantly and knowing these changes may provide an opportunity to improve your clients’ home loan.
4) Property Taxes
Property taxes are largely determined based on your clients’ home values. Knowing this value may help them renegotiate their taxes with their taxing authority. Click Here for more information on how property taxes are calculated.
HOW YOU CAN USE THIS:
Feel free to forward this information to clients along with the offer below for a free evaluation.
Free Offer To Get Your Clients’ Accurate Home Value
There are many ways to find out the value of your clients’ homes. You can search online websites like Zillow.com or RedFin.com.
But the best way is to have a professional provide a report specific to your client’s property, using up-to-date information. We have arranged for you to obtain a free report on your client’s property from a professional Realtor, all you have to do is contact us with this request!