07/18/2023
If you scroll realtor.com every night and think to yourself, "If home prices are this high, I'll never be able to afford what I want." You're not alone, A lot of people are really discouraged right now.
BUT have you ever thought about the fact that the home you currently own has also increased in value? It's SO IMPORTANT to know your numbers, especially in this market, because you may have more equity in your home than you realize.
If you're thinking about moving but have no idea what your house is worth, message me! I can run some reports and give you a range of numbers so you can see what you could possibly get for your home.
Then look at what you owe. Take what your home is worth and subtract what you owe, and that number is your equity!
So let's say you put 20k down on your home back when it was worth $150,000. Seven years later, your home may now be worth $240,000. Assuming you are current on your monthly payments, you now have $110,000 to put down on another home!
(Don't forget there are fees you incur when you sell your home, your agent can break those down for you! But this is a good estimate to give you an idea of what to expect)
The first step to find out how much equity you have in your home is to know how much your home is worth. Contact me today and let's figure it out together!
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