December 19, 2023

By Isabel Guzman, Realtor®

Video Transcription

As a seller looking into sell and purchase another property, do you know you can leverage your equity when selling your home that's right! Hi, I'm Isabel Guzman, broker associate and realtor with exp Realty.

One of the key benefits of being a homeowner is that you build equity over time in your home right. So what is equity and how does it grow?

According to Bankrate, and I quote, Home Equity is a portion of your home you paid off in other words your stake in the property as opposed to the lenders it is a praise value of your home minus outstanding mortgage and Loan balances chances are.

If you have been in your home for a while you've likely built up a considerable amount of equity and may not realize how much according to the US Census Bureau roughly 30% of homeowners have over 50% equity in their home home the equity you have built up can be used to finance a portion of your next home and put you in a stronger position to purchase if you are a homeowner considering selling let's connect today so we can find out how much Equity you may have to leverage on your next move if you're thinking about buying or selling a home and you have any questions about the process give me a call I'm always happy to help.