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Should I Stay or Should I Sell?
Elliot Eisenberg, The Bow Tie Economist, told me that 40% of homes in the US are free and clear of the mortgage. If not totally free and clear there is a whopping 45% who have over 50% equity.  Who would those people be?  They're probably Baby Boomers who've lived in their home 15+ years or investors. 
Every homeowner considers selling at some point. The question is why would they sell?  The National Association of Realtors says 80% of homeowners considered remodeling. There are lots of questions in deciding to stay or to sell.
Most people who have been in the home for 10+ years love their neighborhood and have a relationship with her neighbors. First, they’ll consider a few upgrades that immediately morphs into creeping scope. If you check posts on NextDoor, everyone asks for “a reasonable handyman for just a small repair,” the roof, a leak, a tiny carpentry repair. If I find one, I would marry him. Most homeowners don't understand that a tiny repair is usually in front of a big fat one. What's starts out as the kitchen remodel turns into a kitchen/Bathroom/Basement makeover. Once the kitchen is underway the rest of the house looks shabby. So while you’re ... more

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