Silver Creek Homes For Sale | #1 Financial Benefit of Homeownership: Family Wealth

By
Real Estate Agent with Silicon Valley Real Estate Team -Intero Real Estate Services 01319840

Silver Creek Homes

Locals know that Silver Creek Valley is a great place to raise a family.  The scenic Silver Creek Valley resides on a mountain ridge and is bordered by numerous oaks and environmentally protected areas thru the heart of the community while the hillsides, parks and golf courses have estates that can see all the way to San Francisco on a clear day.  There's is an abundance of open space, hiking trails and great schools. 

Silver Creek value comes from its welcoming warm atmosphere, where neighbors participate enjoying various spectacular amenities enjoying a great convenient location.

There are many upscale home styles and communities to choose from. All the great neighborhoods; Silver Creek Country Club (Gated community), Bel Aire Luxury Estates, The Ranch, Hillstone, The Meadowlands, Tuscan Hills and California Oak Creek have this in common. Pride in ownership is obvious when the residents, whether renters or owners, maintain their homes and care about their neighborhood. 

Every home buyer has a wish when looking for a home, while not all of them are granted, the ‘feel good magic’ happens when they start selling homes around neighborhoods of this beautiful area.

It's the people what makes this place a little different from others, It's a great place to live.

Today I would like to speak to you about #1 Financial Benefit of Homeownership: Family Wealth

 

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity?

The equity in your home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity.

A recent study by CoreLogic explained that homeowners gained substantial equity over the last twelve months, and are essentially sitting on large sums of cash in their homes. In the study, Frank Nothaft, Chief Economist for CoreLogic explained:

 

 

READ MORE: https://www.siliconvalleyrealestateteam.com/blog/silver-creek-homes-sale-1-financial-benefit-homeownership-family-wealth/


???Thinking of selling your home? Let Don take over the marketing of your property
www.siliconvalleyrealestateteam.com - Call or text 408-741-9300 for more information.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Santa Clara County San Jose Silver Creek Valley
Tags:
selling homes
for sellers
homes for sale in silver creek
silver creek homes
selling homes in silver creek valley
sell homes in silver creek
homes in silver crekk homes

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
90,440

Don Orason

"Helping You Make Good Real Estate Decisions"
Ask me a question
*
*
*
*
Spam prevention