An ever-increasing number of homeowners are taking advantage of their extra equity by getting a home equity loan or a line of credit. But accessing your extra home equity should be done carefully, and only in a narrow set of circumstances. In 2006, just before the last real estate bubble popped, homeowners were treating their homes like endless piggy banks. They used their equity to purchase nice...
In a research study conducted in the early 2000s, a Canadian professor found that homes where the seller was “motivated” took 15 percent longer to sell, while houses listed as “handyman specials” flew off the market in half the time. “It surprised even me,” said researcher Paul Anglin, who teaches real-estate and housing trends at the University of Guelph in Ontario, Canada. Other...
Compare listings
Compare