When was the last time you checked the true value of your home? For many homeowners in Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, and Bonney Lake, the answer is “not nearly often enough.”
Yet your home is likely your biggest financial asset—and one that’s been working for you in the background.
As Kim Morgan Storey, the Top 1 Real Estate Agent serving the South Sound, I help homeowners uncover this hidden wealth and put it to good use.
Curious if your equity has grown enough to fund your next move?
Call Kim at 206-225-8325 for a free market analysis. You might be sitting on a goldmine without realizing it.
Your Home Is a Savings Account You Live In
Even with recent shifts in the market, most homeowners are sitting on significant wealth through home equity. This is the difference between what your home is worth today and what you still owe on your mortgage.
As you pay down your loan and as property values rise, your equity grows—often faster than you realize.
For example, if your home is worth $500,000 and your remaining mortgage is $200,000, that’s $300,000 in equity. Nationwide, the average homeowner with a mortgage now has nearly $300,000 in equity, according to recent data.
Why Your Equity May Be Higher Than Expected
There are two main reasons your equity position might be stronger than you think:
-
Home prices have surged: Even with the market normalizing, values are up significantly over the last 5 years (nearly 54% nationally). This means your home is likely worth much more than when you bought it.
-
Mortgage Paydown: Longer homeowner tenure—with people staying in their homes around 10 years—has allowed equity to accumulate steadily through regular mortgage payments.
Over the past decade, the typical homeowner has gained over $200,000 in wealth solely from price growth. That’s a major financial advantage you may be sitting on right now.
Want to know your exact numbers? Call Kim for a market analysis. I’ll give you a precise valuation for your home in Auburn or Sumner.
How to Put Your Equity to Work
Equity isn’t just a number—it’s a tool. You can:
-
Use it for a down payment on your next home (possibly even buying in cash).
-
Invest in renovations that boost your comfort and add resale value.
-
Fund a new business or opportunity you’ve been waiting to launch.
If you’re considering making a move in Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, or Bonney Lake, now may be the perfect time to see what your home is truly worth.
Call Kim Morgan Storey today at 206-225-8325. Let’s unlock your home’s potential.
