P.E.A.R, more than a delicious fruit, it’s your financial future

When you are thinking about listing your home many real estate agents will give you CMA or a Competitive Market Analysis. A CMA will basically show you where your home falls within the market in terms of pricing and other homes currently listed and/or recently sold. While this is important, I like to also look at the financial and real estates goals of my clients utilizing a Professional Equity Assessment Report (PEAR).

A PEAR not only looks at a CMA to decide where to position your home in the market, we also take into account the potential equity in your home. By analyzing the potential equity we can decide on the next steps you would want to take. For example, with this equity what type of downpayment can you have for your next home? Is this enough equity for you to make the move you want to make? Should you take out a home equity line of credit and purchase an investment property or a vacation home?

Looking at the whole picture provides you with the opportunity to make a more informed decision on your real estate portfolio.

Pro Tip Leveraging the equity in your home: With interest rates at historical lows you could purchase an investment property using the equity in your home. A home equity loan can allow you to begin building your real estate portfolio, generating passive income.