• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Gainesville FL Real Estate & Homes

Gainesville Real Estate Talk

MENUMENU
  • Home
  • Search
        • Basic Search
          • Advanced Search
          • Vacant Land For Sale
          • Map Search
        • Condominiums
          • Luxury Home Search
          • Gated Communities
          • Homes with Pools
          • Community Pool Neighborhoods
        • SW Gainesville Homes
          • NW Gainesville East of I-75
          • NW Gainesville West of I-75
          • NE Gainesville Homes
  • Buyers
        • Home Buyers Process
        • Ultimate Home Buyers Guide
        • Luxury Homes
        • What’s Your Wish List?
        • Mortgage Calculator
  • Sellers
    • Free Market Analysis
    • Our Listings
    • Our Marketing Plan
    • What’s My Gainesville Home Worth
    • Preparing Your Home for Sale
    • Ultimate Home Sellers Guide
  • Communities
        • SW Gainesville Homes
          • NW Gainesville-E-I-75
          • NW Gainesville-W-I-75
          • NE Gainesville Homes
          • SE Gainesville Homes
        • Alachua
          • Archer
          • High Springs
          • Jonesville
          • Micanopy
          • Newberry
        • Haile Plantation
          • Town of Tioga
          • 55+ Communities
          • Condominiums
          • Gated Communities
  • Resources
        • Home Service Providers
          • Local Photo Gallery
          • Relocate
        • Government
          • Utilities
          • Hospitals
          • Local Schools
  • About Us
    • Testimonials
    • Our Listings
  • Blog
  • Market Reports
  • Contact Us

Leverage Your Equity When You Sell Your House

March 13, 2023 by Chris Bohn

Leverage Your Equity When You Sell Your House

Leverage Your Equity When You Sell Your House | MyKCM

One of the benefits of being a homeowner is that you build equity over time. You can leverage your equity when you sell your house. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this:

“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”

Majority of Americans Have a Large Amount of Equity

If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now (see graph below):

Leverage Your Equity When You Sell Your House | MyKCM

And having such large amounts of equity is a benefit to homeowners in more ways than one. Rick Sharga, Executive Vice President of Market Intelligence at ATTOM, explains:

“Record levels of home equity provide security for millions of families, and minimize the chance of another housing market crash like the one we saw in 2008.”

Over time, your home equity grows. In addition to providing financial stability while you own your house, when you’re ready to sell it, that money could go a long way toward paying for your next home.

Bottom Line

By selling your house and leveraging your equity, it can be easier to pay for your next home. Let’s connect today so you can find out how much home equity you have and start planning your next move.

Filed Under: Home Sellers Tagged With: gainesville home sellers, home equity, home sellers

Footer

RE/MAX Professionals

The Bohn Team

Christine Bohn, Broker Associate

Michael Bohn, Sales Associate

4011 NW 43rd Street, Suite C
Gainesville, FL 32606


Find Out More About Us

 

Popular Searches

Gainesville Luxury Homes

Gated Communities in Gainesville

Pool Homes in Gainesville

Jonesville-Newberry-Homes for Sale

Gainesville Condos & Townhomes

Haile Plantation Community

Community Pool Neighborhoods

Connect With Us

Copyright © 2023 · Agent Focused Pro on Genesis Framework · WordPress · Log in

Privacy Policy | Web Policy