Use this article to educate clients about home equity and the various ways one can get a handle on how much their home is worth. This will help them understand how their investment in a home changes over time, and may open up a conversation about listing their home with you.
- How Much Equity Do You Have in Your Home?
- Understanding Your Home’s Equity
- How’s Your Home Investment Doing?
(Used to describe the post on Facebook, search engines, etc.)
If someone asked you how much equity you have in your home right now, could you answer them? Understanding your home’s equity is an important part of judging your overall financial health. Here’s a brief guide to determining your equity position in your home.
From the post:
“The dream of home ownership is about more than just a stable place to live, exempt from the whims and decisions of landlords. For many, home ownership is a piece of the wealth building picture, essential to a future retirement or financial independence. The idea is pretty basic: You purchase a home and pay it down while hoping the value of the home increases over time. Generally speaking, this is what happens over a long enough period of time. As you go, you build what’s called “equity.”
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