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Home Buying and Selling Resources

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Home Equity Value

Home Equity: Can You Afford More Home?

You May Have More Home Equity than You Think!

Home Equity can help you move up. One of the major reasons to sell your home is to buy a bigger home. Whether for a growing family, entertaining or just wanting more space, now may be the time for you to move!

The Quarter 3 (2019) Home Equity and Underwater Report by ATTOM Data Solutions shows interesting statistics for home sellers.

``14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.``
by ATTOM Data Solutions

There are approximately 54 million mortgaged homes in the US. So, according to this report, 1 in 4 homes are considered “equity rich”. Their Loan to Value (LTV) is great! Are you one of them?

Home Equity

The NAR Report shows Home Sellers said they sold their homes for a median of $60,000 more than they purchased it. That’s up from the $55,000 the previous year. This translates to a 31% gain, up from the 29% gain the year before.

More Home Equity Can Mean Buying a Bigger Home

This time of year, we’ve just finished with holiday gatherings and more than one person/family have wished for a larger home. Finding out that you have more equity in your home than you thought can present the opportunity to move up!

Have you always wanted more closest space? A bigger garage? A big kitchen? Larger lot? What if you could sell your current home and use that to get your dream home?

According to all statistics, that time is now! The real estate market will change – change is inevitable. Take advantage of the equity you have in your home to buy your dream home!

Call us today for a free, no obligation Comparative Market Analysis to find out what your home is worth! 317-572-5589.