Your Key to Financial Flexibility: Harnessing the Incredible Equity as a Homeowner

Equity is the difference between your home's market value and the outstanding mortgage balance. It grows as you make mortgage payments and your home appreciates. Building equity provides financial security, access to financing options, and potential for future transactions. Stay informed about market trends to make informed decisions about your property and financial goals.

“Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”

How Your Equity Can Help You Achieve Your Goals

Your accumulated equity can be advantageous when transitioning from your current home to a new one. Whether you need more space or desire a smaller property, your equity can serve as a valuable resource. It can potentially cover some or all of your down payment for the next home. Homeowners often underestimate the amount of equity they've built, as revealed by a recent survey from Realtor.com. Consult with a real estate professional to assess your equity accurately and make informed decisions for your next move.

The latest data from CoreLogic helps solidify why homeowners are feeling so good about the equity they’ve likely gained over time. As Selma Hepp, Chief Economist for CoreLogic, says:

“While equity gains contracted in late 2022 due to home price declines in some regions, U.S. homeowners on average still have about $270,000 in equity, nearly $90,000 more than they had at the onset of the pandemic.”

How a Skilled Real Estate Agent Can Help

If you’re looking to leverage your equity to boost your buying power in today’s market, having a trusted agent by your side makes a difference.

A real estate professional can help you better understand the value of your home, so you’ll get a clearer picture of how much equity you likely have. As a recent article from Bankrate says:

“Hiring a skilled real estate agent can give you a realistic estimate of home prices in your area and how to price your current home. Using that figure, you can calculate how much equity you have and what your net proceeds will look like, so you can apply that money toward the down payment and closing costs of your new home.” 
A clear comprehension of your equity is crucial for making informed decisions regarding buying or selling a home. Engaging a competent real estate agent can assist you in navigating the complex process of selling your property and ensuring a seamless transaction. Their expertise will prove invaluable in achieving your goals efficiently.

Bottom Line

In today's market, numerous homeowners possess a significant amount of equity, and you could be one of them. I encourage you to reach out so we can evaluate your equity and devise a strategy to leverage it towards the acquisition of your next home.

415 Properties
Page 1 of 35
Open 9/30
6126 Fredericton St Englewood,  FL 34224
$375,000
Neighborhood: Port Charlotte Sec 062
3
Beds
2
Baths
1,248
Sq.Ft.
1989
Year Built
1
Day on Site
C7479813
MLS
Welcome to this beautiful home nestled on a spacious corner lot, boasting an overextended driveway and a generously sized shed in the backyard. * NOT IN FLOOD*. From the moment you step inside,...
$497,000
Neighborhood: Tamarind Gulf & Bay Bldg A2 Ph
1
Beds
1
Baths
870
Sq.Ft.
1981
Year Built
1
Day on Site
D6132549
MLS
SPACIOUS ONE BEDROOM ONE BATH UNIT IN THE DESIRABLE TAMARIND GULF TO BAY COMPLEX***STEPS TO THE GULF***GROUND FLOOR**Enjoy the Island Life. You are just a few steps to the Gulf of Mexico from your...
$420,000
Neighborhood: Port Charlotte Sec 069
3
Beds
2
Baths
1,615
Sq.Ft.
2008
Year Built
1
Day on Site
O6145919
MLS
This inviting property offers a natural color palette and flexible living space. The kitchen features a nice backsplash and good under sink storage in the primary bathroom. Step outside to a fenced...
$439,900
Neighborhood: Port Charlotte Sec 074
3
Beds
2
Baths
1,877
Sq.Ft.
1989
Year Built
1
Day on Site
D6132585
MLS
What a great value! Roof new in 2022, water heater 2021, pool cage 2019, POOL 2019, impact doors and windows in 2019, & AC in 2019! There's nothing left to do! This spacious 3 bedroom/2bath/2car...
$330,000
Neighborhood: Port Charlotte Sec 084
3
Beds
2
Baths
1,517
Sq.Ft.
1984
Year Built
1
Day on Site
D6132561
MLS
Nestled in a serene and tranquil neighborhood, this "as neat as a pin", 3-bedroom, 2-bath home offers a haven of comfort and convenience. This home, which has been meticulously maintained, offers a...
$599,900
Neighborhood: Hammocks Cape Haze
4
Beds
3
Baths
2,761
Sq.Ft.
2007
Year Built
1
Day on Site
D6132631
MLS
Experience the pinnacle of luxury in this expansive top-floor penthouse, situated within the highly coveted and secure community of The Hammocks Preserve in Cape Haze. This 4-bedroom, 3-bathroom...
$198,000
Neighborhood: Quails Run I
2
Beds
2
Baths
921
Sq.Ft.
1977
Year Built
2
Days on Site
C7481227
MLS
Welcome to this beautiful second floor end unit condo in the community of Quails Run. This condo boasts 2 bedrooms, 2 bathrooms and plenty of sunshine, making it a bright and cheerful space to call...
$879,000
Neighborhood: Englewood Isles Sub
3
Beds
4
Baths
3,129
Sq.Ft.
2006
Year Built
2
Days on Site
A4583794
MLS
Welcome to Florida living at its finest! Located in the Exclusive Waterfront Community of Englewood Isles, this custom-designed, custom-built home set on .29 acres, is spacious and welcoming with...
$239,500
Neighborhood: Lemon Bay Isles Ph 02
2
Beds
2
Baths
1,002
Sq.Ft.
1988
Year Built
2
Days on Site
A4583571
MLS
New listing in the desirable 55+ Lemon Bay Isles where there are no monthly fees. Many featured upgrades include *New Roof* , *New A/C, and duct work*, New skylight, dishwasher, Range, Refrigerator,...
$329,000
Neighborhood: Gasparilla Ph 2
2
Beds
2
Baths
1,040
Sq.Ft.
1983
Year Built
3
Days on Site
N6128751
MLS
Welcome to this gem of a community hidden in Englewood on Gottfried Creek. This turnkey two bedroom two bath home with enclosed porch could be yours for year around, part time personal getaway or an...
$159,900
Neighborhood: Mobile Gardens
2
Beds
1
Baths
600
Sq.Ft.
1966
Year Built
4
Days on Site
N6128702
MLS
Welcome to Mobile Gardens in lovely Englewood, Florida. A manufactured/mobile waterfront community w/boat ramp and boat slips. YOU OWN THE LAND! NO LOT FEES! Presenting this spotless, open...
$210,000
Neighborhood: Gulf Bay Coop
1
Beds
1F11/2
Baths
473
Sq.Ft.
1956
Year Built
4
Days on Site
D6132528
MLS
FLORIDA'S BEST! If you want to live a true Florida lifestyle, this is it. Your new 1-bedroom, 1- -bathroom home has approximately 473 sq. ft. and is nestled in the quaint Gulf to Bay Co-op 55+...

Post a Comment