This is what one of our customers had to say about our licensed agent who helped them move to Texas. Our customer purchased an undervalued property called a Hidden Gem. This home was purchased for more than $50,000 below county appraisal. It was was sold at a discount.
Homes like this one in McKinney, Texas are called Hidden Gems. These are properties that you can purchase for less than market value. Buying these properties helps because you get the property for less that it's worth. You also build equity faster.
Equity is the difference between what you owe on your mortgage and what your home is currently worth. If you owe $300,000 on your mortgage loan and your home is worth $350,000, you have $50,000 of equity in your home.
Having equity is important because when you sell the home for what it's worth the equity becomes your profit. That's why our listed properties are called Hidden Gems. Hard to find properties for sell at a discount.
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