What Every Homeowner Should Know About Their Equity
Curious About Selling Your Home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. The real estate market has seen some exciting trends over the past few years, and understanding how much equity you have is the first step to unlocking what you can afford when you move. With home prices having risen significantly, many homeowners have more equity than they realize.
So, what exactly is home equity, and how can it help you when selling your home? Let's dive in!
Home Equity: What Is It and How Much Do You Have?
Home equity is essentially the portion of your home that you truly own, free and clear. It's the difference between your home's current market value and what you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000, your equity is a whopping $200,000!
Recent data from the Census and ATTOM reveals that Americans are sitting on substantial equity right now. In fact, more than two out of three homeowners have either completely paid off their mortgages or have at least 50% equity in their homes.
This means that today, more homeowners are getting a larger return on their homeownership investments when they sell. Imagine the possibilities that come with that kind of financial leverage!
Using Your Employee Homeownership Program to Maximize Your Sale
Here’s where your Employee Homeownership Program comes into play. This incredible resource empowers you with the knowledge and tools to navigate the complexities of selling a home, ensuring you make informed decisions every step of the way. Whether you’re considering buying, selling, or refinancing, our program can help you save money and simplify the process.
What You Should Do Next
Thinking about selling your house? Here's how to proceed:
Understand Your Equity: Knowing your home equity is crucial. It provides a clear picture of your financial standing and helps you set realistic expectations for your next move.
Leverage Expert Advice: Work with your Employee Homeownership Program and tap into the expert resources available to you. These experts will guide you through the selling process, helping you understand market conditions, pricing strategies, and how to maximize your equity.
Bottom Line
The rise in home prices means your equity has likely increased too. By connecting with the right team and utilizing your Employee Homeownership Program, you can confidently move forward when you sell your home. Let's explore how much equity you have and discover the potential it holds for your future. Contact us today to learn more and start planning your next steps!
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Advantage Home Plus does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence
Category: Home Sellers
