Simply put, equity is what your home would sell for today (fair market value) minus what you owe on the home (loan balance). In real estate, these three things play a significant impact on the equity you get when it’s time to sell.
Stay on top of these equity considerations to keep your home value at its highest and best when its time to sell. Curious what your home is worth, how much equity you have or the best time to sell? Request your free, customized Property Report now. Never want to miss a post? For more useful real estate tips & tricks, subscribe to my mailing list or contact me with any real estate questions.
Kat Medaries, REALTOR® Long & Foster Real Estate, Village of Midlothian Sales Licensed to sell in the Commonwealth of VA / Equal Housing Opportunity For informational purposes only. Not intended as legal, financial or credit counseling advice. Seek the assistance of a professional should you require.
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