How long will it take to recover your home’s value? If you bought your home for $500,000 in 2006 and today’s market value is $325,000 how many years will it take to come back up to $500,000?
One measurement is to know the history of your home’s value. If the last time your home sold for $325,000 was in 2001 then it took five years to reach $500,000. But those were years of record breaking appreciation and today no one expects to see that kind of appreciation again.
Without effective and more functional government intervention the current situation will continue for many years to come. This is due to the sheer number of new foreclosure filings, underwater homeowners, shadow inventory, high unemployment, sputtering economy, etc .
Know Your Options Before You Have No Options!
Call (877) 728-5942 or email us at SFFinancial@hotmail.com
Filed under: ShortSaleSolutions
