Real estate news, ormond beach, kristin petersen
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We all know owner's of homes that are waaayyy under water....owing much more than the home is worth today. This is not due to the fact that they pulled equity from the home when they probably shouldn't have, or because they financed 100% or more when they purchased....their only crime was buying...
Recently, I had a client that compared every home he saw on the basis of price per square foot. Although I was happy to have a client that was educated and seemed interested in the analysis end of real estate, I had to explain to him that this is a very skewed way of looking at the market. Pri...