Your Home Equity Could Make Moving Possible
Some Highlights
- Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too. On average, homeowners have $311K worth of equity.
- Once you sell, you can use it to fund your down payment on your next home or maybe even to buy a smaller house in cash.
- If you want to find out how much equity you have, connect with an agent. Because it may make a move a lot more feasible than you'd think.
Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.
A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market.
