Have you ever wondered if the market you live in is upside down or not? Well, here in Bryan/College Station, we are definitely not upside down!! Thousands and thousands of people across the U.S. currently have an upside down mortgage. You are “upside down”, and have negative equity if the value of your home is less than what you owe on your mortgage. Bryan homes and College Station homes are appreciating every year, and we were not hit as hard as some markets when considering sales price and volume of homes sold. Our market has shown a 2% increase in home sold so far this year and property values are holding strong. Housing Stats click here!
What does that mean to buyers and sellers? Well, buyers can feel secure that the property they are purchasing is holding value and as the U.S. Housing Market recovers, their property will likely increase in value even more. Sellers can expect to be able to get a higher sales price for their home in a market that is gaining rather than a market that is declining.
Call me, Joey Condon, for a professional Buyer Orientation, or to interview me to sell your home or investment property.
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