Leveraging Your Equity
According to John Burns Consulting , 58.7% of homes in the U.S. have at least 60% equity , and 42.1% of all homes in this country are mortgage-free , meaning they’re owned free and clear.
Percentage of Homeowner Equity
In addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a tremendous amount of forced savings for homeowners in today’s market. As a homeowner, you may have more equity in your house than you realize. Using it to make your move to a new home while interest rates are hovering near historic all- time lows may be the best decision you could ever make. In a season like we’re in now, when inventory is limited, equity is high, and interest rates are low, homeowners in a position to sell are in a great place to win big.
< 10% 11-20% 21-40% 41-60% 60-99% 100%
In the current market, your trusted real estate professional can follow all the virtual guidelines and protocols recommended by NAR and the CDC to make sure you, your family, and your buyers are safe, healthy, and protected along the way. Bottom Line There is fear and uncertainty everywhere we turn today, but the real estate market shouldn’t be one of those places. Let’s connect to see if your home equity positions you to make your next move sooner than you may have thought possible. Taking advantage of this market – safely and effectively – may be your best bet.
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