Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

Apr 8, 2022 | For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC] | Simplifying The Market

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity.
  • Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300.
  • Ready to sell? Let’s connect to talk about how you can use that equity to fuel your next move.

If you’re a homeowner, you’ve likely seen a significant increase in your net worth recently. That’s because rising home prices have boosted your home equity, giving you a valuable financial resource.

How Does Equity Grow?

Your equity grows in two key ways:

  1. Paying Down Your Mortgage: With each payment, you reduce your loan balance, increasing the portion of the home you own outright.
  2. Home Price Appreciation: As the market value of your home rises, your equity grows even further.

The Numbers Speak for Themselves

In the past year alone, the average homeowner’s equity increased by $55,300. This dramatic growth highlights the strength of the current housing market and the opportunities it presents for homeowners like you.

How Can You Use Your Equity?

Your home equity can be a powerful tool for achieving your next financial or lifestyle goals. Here’s how:

  • Upgrade Your Living Situation: Use your equity as a down payment on a larger or more desirable home.
  • Downsize and Save: Move into a smaller, more manageable home while pocketing the difference.
  • Pursue Personal Goals: Fund education, start a business, or invest in other ventures.
  • Renovate Your Current Home: Enhance your living space and increase your property’s value.

Why Sell Now?

The current sellers’ market is still going strong, with high buyer demand and limited inventory creating favorable conditions. Listing your home now could maximize your returns and help you move forward with confidence.

If you’re considering selling, let’s connect. Together, we’ll discuss your home’s value, the equity you’ve built, and how to leverage it to fuel your next move.

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