05/05/2026
๐ช๐ต๐ฎ๐ ๐๐๐ฒ๐ฟ๐ ๐๐ผ๐บ๐ฒ๐ผ๐๐ป๐ฒ๐ฟ ๐ฆ๐ต๐ผ๐๐น๐ฑ ๐๐ป๐ผ๐ ๐๐ฏ๐ผ๐๐ ๐ง๐ต๐ฒ๐ถ๐ฟ ๐๐พ๐๐ถ๐๐
Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.
Hereโs a deeper look at what you need to know if youโre ready to cash in on your investment and put your equity toward your next home.
๐๐ผ๐บ๐ฒ ๐๐พ๐๐ถ๐๐: ๐ช๐ต๐ฎ๐ ๐๐ ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ ๐ ๐๐ฐ๐ต ๐๐ผ ๐ฌ๐ผ๐ ๐๐ฎ๐๐ฒ?
Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.
Recent data from the Census and ATTOM shows Americans have significant equity right now. In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes.
Today, more homeowners are getting a larger return on their homeownership investments when they sell. And if you have that much equity, it can be a powerful force to fuel your next move.
๐ช๐ต๐ฎ๐ ๐ฌ๐ผ๐ ๐ฆ๐ต๐ผ๐๐น๐ฑ ๐๐ผ ๐ก๐ฒ๐
๐
If youโre thinking about selling your house, itโs important to know how much equity you have, as well as what that means for your home sale and your potential earnings. The best way to get a clear picture is to connect with Rich Olson Realtor, while also talking to a tax professional or financial advisor. A team of experts can help you understand your specific situation and guide you forward.
Home prices have gone up, which means your equity probably has too. Connect with Rich Olson Realtor so you can find out how much equity you have in your home and move forward confidently when you sell.