Many homeowners don't know how much equity they've built. If you bought an average-priced home ten years ago, you likely have $250,000 to $300,000 in equity now. That could change your plans.
When's the last time you had an agent show you how much your home is actually worth? Because if it's been a while, I'd be willing to bet the numbers will surprise you. Most homeowners know that they've built up record amounts of equity, but they don't know how much it actually is. The latest data from Realtor.com shows if you bought the average priced home just 10 years ago, you could already be sitting on roughly $250,000 to $300,000 in equity. And that's a number that might change the game for you. It's money that could set you up to move, even if you didn't think it was possible right now. If you want to know the latest estimate on your home, just let me know. Even if you're not planning to sell anytime soon, it's a number every homeowner should keep tabs on.
Waiting for a major market shift in Tampa before selling may not be your best move.
