Net Worth, Women and Homes…
It’s so great to see that real estate and financial professionals are addressing the female market after decades of being under served!
The first sentence in the article below states that Trulia launched a marketing campaign aimed at women. I would dare to guess that women have a lot of input into purchasing a home….it’s our nest in the world!
As a real estate investor and home owner, I love both of these sites for research. They’re a great resource to estimate the market value of your home, an important factor in net worth for most people. Just take the square footage of your home and multiply it by the price per square foot of comparable homes in your neighborhood to get an estimated value to include in your net worth calculation.
If you would sell your home through a real estate broker should you choose to sell it, you’d want to reduce the value you’ve included in your net worth by the amount that you’d pay in commissions.
Wealth building tip: Your home can be your largest asset; sometimes selling it makes a lot of sense as part of an overall strategy to increase net worth, especially for empty nesters….not to mention that favorable tax treatment on the capital gain you might have from selling it.
Click below to read the entire article…another from Investor’s Business Daily. (I confess, it’s my second morning read!)