Creating Your Dream Lifestyle - Unleash Your Home Equity
Clients often ask us the secret to making money in real estate. Our Uncle (RIP), who was quite successful as a real estate investor and manager, used to say: “your home is not an investment, it’s a lifestyle”. We certainly agree with him on the lifestyle point, as our Team Skally “reason for being” is to make our client’s Lifestyle Dreams Come True! But if he were around today we’d certainly love to debate him on the idea that your home is not an investment. With the median home appreciating 26% over the last year and another 18% forecasted by Porch.com over the next year, our homes have incredible equity to unleash!
Here are some strategies we’ve helped clients with to unleash their untapped home equity and make their lifestyle dreams come true:
GET MORE FOR LESS & POCKET THE EXTRA DOUGH
With the flexibility to work from anywhere we have clients that have sold their current home for top dollar and then bought more for less a bit farther out, including other states! Can you imagine being in a situation where you’re living in a better home than you are today with little to no mortgage!?
EXCHANGE A RENTAL PROPERTY FOR YOUR FUTURE RETIREMENT HOME
With values soaring in our area, we had a client sell one of their investment properties here to buy their dream home in their future retirement destination. They VRBO it most of the year (to pay the taxes, HOA and maintenance) and reserve the best weeks of the year to use for their family vacations in the warmth and sunshine! We helped them with the 1031 exchange so the proceeds from their sale are tax-deferred! The market they bought in is appreciating even faster than ours…can you say “winner winner chicken dinner”!
CASH-OUT REFINANCE TO BUY A RENTAL PROPERTY
Did you know that condo/townhome inventory is just as tight as residential, but price appreciation has been only 1/8 of residential homes! With the shortage of housing continuing for years to come and the economic growth in our market fueled by the tech sector, buying a condo/townhome now will likely be a smart investment. You’ll experience the benefit of income and appreciation as well as the tax advantages of expense and depreciation write-offs. Interest rates remain almost too good to be true so cashing out some of that equity for investment is a smart play.
IN SHORT
Your Home is an incredible investment, and this is one of the best times in history to unleash it to realize your lifestyle dreams. We can help you find ways to leverage your home to get ahead of retirement, improve your lifestyle via an upgrade or downsize, or create more wealth with an investment property.
The Team Skally difference is real, check out our reviews or message us to learn more.
Cheers,
Matt & Christina
Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Mercer Island, Renton and Issaquah. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award finalists for best client service and regularly featured in online and print publications including Newcastle Life Magazine. In addition to serving clients, Matt and Christina love family time with their two boys and Leo, the Goldendoodle, as well as volunteering in the community.