Here's what folks say about Barnum, Laurens & Associates
We have already told our family & friends about Barnum, Laurens & Associates.
The service that was provided to us by Your team was taking care of in all the legal aspects of buying a home. Your team helped us find a home before it was put on the market and snatched up which saved us time, money and hassles. Thanks to Your team!- Glen & Susan W.
Virginia Homes and Real Estate - Leveraging Your Money
One of the greatest financial aspects of buying a home is the ability to leverage your money. Simply put, leverage allows you to use a small down payment and financing to purchase a larger investment. For example, if you bought a $125,000 home with 10 percent down, you leveraged the $12,500 down payment to purchase an asset worth 10 times that amount!
Appreciation
The benefits of leverage really become apparent with appreciation, or the rise in value of a property. Using the above example, say you were to live in the house for 5 years, and during that time property values in your area were to rise an average of 2.5 percent a year. Your home would then be worth over $141,000. By putting only 10 percent down, you get to enjoy the appreciation for the full amount!
Paying yourself
In addition to the 10 percent down, you'll also have to make mortgage payments. But with each payment, a certain amount of money is being used to pay down the principal balance that you owe. This is called building equity. So in the event you sell your house, not only can you realize a profit from your leveraged money, you also have a chance to pay yourself back for the money you've put in over the years. No wonder so many people consider a home an excellent investment!
Real Estate for Sale in Virginia Beach
Buying Virginia Real Estate is one of the hottest opportunities on the East Coast! Virginia Beach homes for sale are moving fast. At Barnum, Laurens & Associates, we pride ourselves on staying ahead of the Real Estate for Sale in Virginia Beach market. For your convenience, this site features extensive Virginia Beach community information, Virginia Beach consumer links, Virginia Beach school information, and answers to commonly asked about Virginia Beach Real Estate questions, and much more. Contact Barnum, Laurens & Associates to find the best deals for Real Estate for Sale in Virginia Beach, VA |