Unlocking the Power of Your Home Equity with Krista Klause
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Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. With home prices rising significantly over the past few years, most people have much more equity than they may realize. ๐
Home Equity: What Is It and How Much Do You Have? ๐ ๐
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. ๐ก
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 or have at least 50% equity in their homes. ๐๐
Today, more homeowners are getting a larger return on their homeownership investments when they sell. If you have that much equity, it can be a powerful force to fuel your next move. ๐
What You Should Do Next ๐๐
If you’re thinking about selling your house, it’s 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 work with Krista Klause, your trusted 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. ๐ค๐ผ
Bottom Line โ
Home prices have gone up, which means your equity probably has too. Connect with Krista Klause, your local real estate agent, so you can find out how much equity you have in your home and move forward confidently when you sell. ๐กโจ๐
Ready to explore your home equity and next steps? Reach out to Krista Klause today! ๐๐ฌ
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