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Home Seller | The Markarian Realty Home Seller|Home Buyer Guide Blog

Thursday, April 24, 2025   /   by Vic Markarian

What’s Your Home Really Worth? The Answer Might Surprise You

Let’s talk about something most people don’t check nearly as often as their bank account— their home’s value.
But when it comes to your financial health, your home is likely your biggest asset, and it’s been working for you behind the scenes—quietly building wealth. Especially if you’ve owned it for a few years or more, you might be sitting on equity that could open up big opportunities.
So, how much is your house really worth today?
What Is Home Equity and Why Does It Matter?
Home equity is the difference between what your home is worth and what you still owe on your mortgage. It grows two ways:

As you pay down your mortgage

As home values rise

Let’s say your house is worth $500,000, and you owe $200,000 on your loan. That’s $300,000 in equity—and many homeowners in Los Angeles County are in a similar or better position.
In fact, according to Cotality (formerly CoreLogic), the average homeowner with a mortga ...

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Wednesday, April 9, 2025   /   by Vic Markarian

Does Your Current Home Fit Your Retirement Plans?

Retirement isn’t just a milestone. It's the beginning of something really special. After years of hard work, it’s finally time to slow down, explore new passions, and live life on your own terms.
But with this exciting chapter comes some big choices. And one of the biggest is this: does your current home still make sense for the lifestyle (and budget) you want in this next phase of life?
That’s an especially important question right now. Just in the past five years, the cost of living has jumped by 23% according to the Bureau of Labor Statistics (BLS). That’s based on the Consumer Price Index (CPI), which is how changes are tracked in the average price consumers pay for goods and services (see graph below):
When you’re thinking about how to make your retirement savings last, those rising expenses matter. And if you’ve started to wonder whether your money will stretch as far as you need it to go, don’t worry. You may have more control tha ...

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Thursday, March 20, 2025   /   by Vic Markarian

How Buying or Selling a Home Helps Your Local Economy

Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire community.
Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes.
The data shows that if you buy an existing (previously lived-in) home, you're giving the local economy a boost of just over $60K. And if you buy a newly built home, that number goes up to over $125K (see visual below):
That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:
“. . . housing is a significant job creator. In fact, for et ...

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Thursday, March 13, 2025   /   by Vic Markarian

Is the Housing Market Starting To Balance Out?

For years, sellers have had the upper hand in the housing market. With so few homes for sale and so many people who wanted to purchase them, buyers faced tough competition just to get an offer accepted. But now, inventory is rising, and things are starting to shift in many areas.
So, is the market finally balancing out? And does that mean buyers will have it a bit easier now? Here’s what you need to know.
What Makes It a Buyer’s Market or a Seller’s Market?
It all comes down to how many homes are for sale in an area compared to how many buyers want to buy there. That’s what ultimately determines who has the most leverage.
A Seller’s Market is when there are more buyers than homes available, so sellers hold the power. This leads to rising prices, multiple offers, and homes selling quickly – often above the asking price – because there isn’t enough to go around.
A Buyer’s Market is when there are more homes k ...

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Sunday, March 2, 2025   /   by Vic Markarian

Granada Hills, CA Realtor Encourages Homeowners to Explore Mortgage Forbearance Options Amidst Recent Natural Disasters

Recent natural disasters have left many homeowners in Granada Hills, CA, and surrounding areas facing financial uncertainty. For those struggling to keep up with mortgage payments, Vic Markarian, a top local real estate expert, is encouraging homeowners to explore mortgage forbearance as a valuable relief option.
What is Mortgage Forbearance?
Mortgage forbearance allows homeowners to temporarily reduce or pause their mortgage payments during financial hardship. This option can be crucial for those affected by recent disasters, providing much-needed relief while they recover.
How Homeowners Can Benefit from Forbearance
According to Vic Markarian, a trusted real estate professional with over 30 years of experience, homeowners should immediately contact their mortgage lenders to discuss available forbearance programs. Lenders often provide temporary payment relief, ensuring homeowners don’t fall into foreclosure while recovering from unexpected challenges.
"Many homeowners k ...

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Markarian Realty Group
3237 N. Verdugo Rd.
Glendale,, CA 91208
818-248-8668
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Based on information from California Regional Multiple Listing Service, Inc. as of April 25, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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