Buying a house with resale in mind 4 factors that will make profiting more likely
Through the 70'-'90s, homeowners in many areas would cash in big profits when they sold their homes. This enabled them to either trade up to a bigger homes or used their homes as piggy banks to buy cars, pay for vacations and medical bills, renovate their homes, and pay for college educations and retirement.
This all came to a halt with the recent housing recession as home values dropped 30% or more wiping out equity for some and leaving many with negative equity. More than 24% of homeowners in the U.S. today have a mortgage value that exceeds the market value of their homes.
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