A lot of people will ask about equity in this real estate market that we're in. The reason equity is interesting is because with home prices going up, most people's equity is also going up. But what really is equity? Simply put, equity is the total value of an asset minus its liabilities. So how much is your house worth minus how much do you owe on it? To find out the equity in your home, you need to do two things
One, call your mortgage provider, find out how much your pay off is on that home, or you can just log in online and oftentimes you can find it there. And then you need to find out a price opinion or market value of the home. We help with that oftentimes we’ll come into a house, check out improvement's, look at other comparable homes in the area and help you determine the best value or the best price to put on a home to help you maximize your dollar and maximize your equity.
