No Equity? No Problem! How to Step Up...

Posted by Carolyn A. Capalbo on Wednesday, July 2nd, 2014 at 2:42pm.

Do you have a home to sell with little or no equity?  Have you out-grown your current home?  Do you long for a change?  Weaker than expected economic news helped mortgage rates this week.  First Quarter GDP was revised to reflect a 2.9% decline in economic growth.  This coupled with the unrest in the Middle East helped keep rates down.   The rumors about still reflect that consumers postponed shopping for new homes due to the severe winter.  In my opinion, this is an excellent time for those step up buyers to enter the market place.  There is still some pent up demand for entry level housing and a good supply of step up homes.  Low interest rates and low down-payment programs available give opportunity to families with little equity to move up to a larger home.  We have also found great 100% financing programs available to assist some of our step up buyers.  Even those families with no equity have options.  If you or anyone you know is considering a change, reach out to me at 703-477-6022.  We can analyze your options and help make your next move possible. 


Carolyn Capalbo,
Northern Virginia REALTOR®

 

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