Your Home May Have More Equity Than You Realize

When was the last time you had a professional look at what your home is actually worth?

Not an online estimate. Not what your neighbor’s home sold for.

Your home, in today’s market.

If it’s been a few years, you may be surprised by the number.

Your Home May Have More Equity Than You Realize

Homeowners across the country have built significant equity as home values have increased over the years and mortgage balances have been paid down.

In fact, the typical homeowner with a mortgage now has more than $310,000 in home equity, according to Cotality.

That equity could play a much bigger role in your next move than you might think.

Equity Can Create Options

Maybe you’re thinking about moving but are hesitant because today’s home prices or mortgage rates feel too high.

Your equity could help change the equation.

Depending on your situation, your equity could potentially help you:

• Put more money down on your next home

• Reduce how much you need to borrow

• Purchase your next home with cash

• Fund renovations instead of moving

• Make a move that may have seemed out of reach

The key is knowing what your home is worth and how much equity you’ve built.

Start With One Number

If you’ve been wondering whether moving makes sense, a good first step is finding out where you stand today.

We can provide a FREE Professional Home Value Assessment to give you a clearer picture of your home’s current market value, estimated equity, and what those numbers could mean for your options.

You may have more flexibility than you realize.

Whether you’re thinking about moving, renovating, or simply curious about your home’s current value, knowing your equity is a great place to start.