Maximizing the Benefits of Home Equity When Selling Your House

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The equity you build up as a homeowner is a valuable asset that can be utilized when you sell your home. However, it’s important to understand what equity is and how it grows before using it. In simple terms, equity is the appraised value of your home minus any outstanding mortgage and loan balances.

According to data from the U.S. Census Bureau and ATTOM, a majority of Americans have a substantial amount of equity in their homes. This provides financial security for families and helps prevent housing market crashes like the one in 2008.

As you continue to pay off your mortgage and own your home, your equity grows over time. When it’s time to sell, you can use that money to purchase your next home.

Selling your home and leveraging your equity can make it easier to pay for your next home. If you’re interested in finding out how much equity you have and planning your next move, reach out to a professional today.

Maximize Your Home’s Value – Schedule a Free Consultation Now!

Author: Dowell Family Team

The Dowell Family Team: Your Trusted Real Estate Experts in Johnson County
At The Dowell Family Team with ReeceNichols Real Estate, we are dedicated to serving the residential real estate needs of Kansas Citians with a focus on Olathe, Overland Park, Gardner, Spring Hill, Leawood, Lenexa, Shawnee, and the surrounding Johnson County cities.
With over 35 years of combined experience in the local real estate market, our team blends professionalism with a personalized approach. We take the time to understand your unique needs and goals, whether you're buying, selling, or investing in property.

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