Here’s what you need to know about your property’s equity.
Do you know what home equity is? In a nutshell, equity is the current value of your home minus your outstanding loan balance. With recent increases in home prices, your equity has significantly grown in the past few years.
In fact, according to CoreLogic, the average U.S. homeowner now has over $274,000 in equity, up from $182,000 before the pandemic. This substantial increase has also contributed to home values increasing nationwide. If you’ve owned your home for a while, you may have more equity than you realize.
When you’re ready to determine your exact equity and explore how to leverage it, I can provide you with a professional equity assessment report. We also offer a quick and easy monthly system that delivers this information via email.
“If you’ve owned your home for a while, you may have more equity than you realize.”
To access the system, go to this link. If you’re considering selling, reach out to me via email or phone to discuss your plans. You can reach me at 502-376-5483.
And don’t forget to tune in to my radio show every Sunday morning from 8:30 to 9 a.m. on Newsradio 840 WHAS. You can listen on AM radio or online by searching for ‘840.’ If you have questions or want to be featured on the show, feel free to call me or send an email to bob@weselllouisville.com.
