A lot of people are asking the same question right now: “Is this actually a good time to sell my house?”
The answer might surprise you. For many homeowners, it is a resounding yes. Why? Because of one major financial factor working in your favor: Your Equity.
If you have lived in your home for a while, you are likely sitting on a significant amount of "hidden wealth" that could change everything about your next move.
As Kim Morgan Storey, the Top 1 Real Estate Agent serving Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, and Bonney Lake, I help homeowners uncover this hidden capital and use it to upgrade their lifestyles.
Don't know your home's true net worth?
Call Kim at 206-225-8325 for a free market analysis. Let's find out exactly what you are working with.
How Your Wealth Has Grown
Equity is built in two ways:
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Paying down your mortgage: Every payment chips away at your loan balance.
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Appreciation: Over time, home values rise.
When you combine these two factors over the last decade, the results are powerful. According to Realtor.com, nearly half of today’s homeowners have lived in their homes for more than 15 years.
Curious how much your specific neighborhood in Auburn or Sumner has appreciated? Call Kim for a market analysis. I can show you the specific growth trends for your street.
What Does That Look Like in Dollars?
Recent research shows just how much equity the average homeowner has accumulated based on when they bought:
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Bought in 2015? You could have nearly $285,000 in equity.
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Bought in the early 2000s? You could be sitting on over $330,000.
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Bought in the mid-90s? You could have over $400,000 in equity.
A lot of homeowners are sitting on hundreds of thousands of dollars without even realizing it.
Your Equity is Your Power
This is why now is a great time to sell. Your accumulated equity can solve today's market challenges:
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Worried about rates? You can use your equity to make a massive down payment, reducing the amount you need to borrow and keeping your monthly payment low.
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Want to win a bidding war? You might be able to use your equity to make an all-cash offer on your next home.
Do you need to sell to buy? Call Kim for a unique marketing plan for getting your home sold. I know how to maximize your sale price so you have every possible dollar available for your next purchase in SeaTac or Des Moines.
Let’s Check Your Numbers
Whether you own a home in Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, or Bonney Lake, your home value has likely grown significantly.
Don't guess at your net worth—let's find out exactly what you are working with so you can make the best move for your future. Your current home might just be the key to buying your dream home.
Call Kim Morgan Storey today at 206-225-8325. Let's run the numbers.
