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.

329 Properties
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$389,000
Neighborhood: Oak Forest Ph 1
2
Beds
2
Baths
1,384
Sq.Ft.
2004
Year Built
2
Days on Site
N6127146
MLS
**TURNKEY & FURNISHED** Beautifully Updated VILLA with 2 bedrooms, 2 bathrooms, and an attached 2 car garage. This home has been lightly lived in and is in move in condition! This home has voluminous...
$997,621
Neighborhood: Englewood Farm Acres Sub
4
Beds
3
Baths
2,439
Sq.Ft.
1983
Year Built
2
Days on Site
D6130629
MLS
Welcome to Englewood Farm Acres! We made it through Hurricane Ian! NO FLOOD ZONE! Keep your animals high & dry here! Farm life living minutes from the beach! Does it get better than this? The 4...
$694,900
Neighborhood: Beachwalk By Manasota Key Phs
3
Beds
2F11/2
Baths
2,076
Sq.Ft.
2022
Year Built
3
Days on Site
A4572445
MLS
Welcome to your dream home in Beachwalk by Manasota Key! This stunning new construction is ready for you to move in and start enjoying the resort-style living you've always dreamed of. With no CDD or...
$1,075,000
Neighborhood: Pine Cove
3
Beds
2F11/2
Baths
1,670
Sq.Ft.
1979
Year Built
3
Days on Site
D6130897
MLS
ATTENTION BOATERS: IF YOU WANT TO LIVE YOUR BEST COASTAL LIFE .DO NOT LET THIS ONE PASS YOU BY.
This beautiful coastal/beach themed home is situated right off of the intracoastal waterway of...
$319,000
Neighborhood: Oxford Manor
3
Beds
1
Baths
1,110
Sq.Ft.
1969
Year Built
3
Days on Site
D6130920
MLS
Welcome to this charming and spacious turnkey furnished Old Englewood house, located just 2.3 miles away from the beautiful Englewood Beach! This delightful home has been thoughtfully designed to...
$384,900
Neighborhood: Port Charlotte Sec 074
3
Beds
2
Baths
1,518
Sq.Ft.
2007
Year Built
3
Days on Site
N6127126
MLS
Welcome to your dream home! This lovely property boasts a wealth of desirable features that will help you feel right at home. You will have peace of mind knowing this home features a BRAND NEW ROOF....
$438,000
Neighborhood: Port Charlotte Sec 064
3
Beds
2
Baths
1,938
Sq.Ft.
2007
Year Built
4
Days on Site
A4572001
MLS
Great opportunity to own your dream home with this immaculate 3 bedroom, 2 bath, 2 car garage just under 2000 heated s.f. This custom-built home greets you with a huge open floor plan, high...
$525,000
Neighborhood: Shamrock Shores 1St Add
3
Beds
2F11/2
Baths
1,915
Sq.Ft.
1993
Year Built
4
Days on Site
D6130893
MLS
Welcome to your dream home! This exquisite house, nestled in the serene neighborhood of Shamrock Shores, offers the perfect blend of timeless charm and modern luxury. This stunning residence has...
Open 7/15
1260 Shore View Dr #A & B Englewood,  FL 34223
$3,983,000
Neighborhood: Englewood Shores
3,800
Sq.Ft.
2002
Year Built
4
Days on Site
D6130884
MLS
AUCTION - Seller offering property via online auction. Bid online with a starting bid of $750K. One-of-a-kind duplex on the Gulf of Mexico, located on a white sandy beach with an expansive view of...
$2,064,811
Neighborhood: Eagle Preserve Estates
3
Beds
3F11/2
Baths
3,272
Sq.Ft.
2023
Year Built
4
Days on Site
D6130896
MLS
Under Construction. Estimated completion date of August 31, 2023! Brand new 3 bedroom plus den, 3.5 bath custom home in the gated community of Eagle Preserve Estates! Situated on an almost 15,000 sq...
$415,000
Neighborhood: Port Charlotte Sec 074
3
Beds
2
Baths
1,183
Sq.Ft.
1989
Year Built
4
Days on Site
D6130891
MLS
This immaculate home boasts recent upgrades in excess of $140,000. To detail a few-2022 shingle roof, heated in ground pool and screened cage, tastefully re-modeled bathrooms, stainless steel kitchen...
$599,900
Neighborhood: Pelican Landing Bldg E
2
Beds
2
Baths
1,293
Sq.Ft.
1981
Year Built
4
Days on Site
D6130774
MLS
Looking for a peaceful, relaxed lifestyle in close proximity to all the amenities you could want? Then come view this recently renovated Manasota Key condominium. It is located right on the bay with...

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