Home Loan Focus

When you live or own a home in a neighborhood, you have thrown your lot in with your neighbors.  It is in your best financial interests for your neighbors to do well.  If they build up their home value or even some day sell their home for a good price, that raises the comparable value of homes in the neighborhood.  That can help you get a better interest rate, a larger home equity loan, or someday might help you get a better price on your own home sale.

The house above is a home that recently listed in my own neighborhood.  This home is pushing the envelope on price in our neighborhood.  That is a good thing for all of us neighbors. 

Here is a Link to Homes for Sale in River Bridge, Lawrenceville, Georgia $210,000 for this particular home.

Its a good price for the home, part of the reason why we were paying attention.  Most of the homes in our area price out in the $250 – $350 price range.  That’s relatively average, possibly a little on the low side for Lawrenceville Georgia Real Estate.

I point all this out because today the real estate and mortgage industry is a little confused.  Neighbors often times get caught up in their personal issues and complaints about each other.  They do not always realize that it is in their best interests to cooperate with each other.  If your neighbor’s lawn mower breaks down, loan yours to them. Its good for the neighborhood.

If your neighbor works on their home from 6 am till midnight a couple nights a week.  Let it slide.  They are building up the value of their home and the neighborhood and by extension your home.  They are giving you free money so do not be so quick to complain.

If someone sells a home in your neighborhood, help them sell it by passing on some information.  The more successful they are at selling their home for their asking price, the more successful you will be in the future.

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