USING EQUITY IN MY HOME

Using equity in my home serves many benefits. To define equity, is the difference between the current housing market value of your home and the amount you owe on your on your mortgage. Click link to see the expert National Association Realtor economist outlook https://www.nar.realtor/blogs/economists-outlook/single-family-homeowners-typically-accumulated-225K-in-housing-wealth-over-10-years

First and most importantly you can use the equity to purchase a home that fits your family needs. As we know the average family first home purchased stays in their home up to five years and have out grown their first home. Therefore they use their equity to reinvest another home in a desirable location with better benefits and features. On another note you can expand your existing home to meet your needs provided it fits the profile. Here are some more examples. Upgrading flooring, smart home, solar, lights, painting, enrolling for college, adding a room, purchasing a new car and much more! Click link to learn more about home equity /HOME-EQUITY---32819---32836---Orlando-Florida-6-20253.html

Hire a skilled real estate agent that can give you a realistic estimate of home prices in you area and how to price your current home. Using that figure, you can calculate how much equity you have and what your estimated net proceeds will look like, so that you can apply that money toward the downpayment and closing costs of your new home. The equity you build up over the years can be used to your advantage when you sell your current house and purchase your next home. If you no longer have the space you need, it might be time  to move into a larger home. Or it may be you may want to downsize. 

No matter what the scenario is your equity can be a powerful tool you can use in your best interest in today's market. Even though home prices have moderated over the last year you can still with a skillful realtor navigate you through this process. 

PURCHASE LAND 

Here is a good one! To be specific, purchasing land to prepare to build your custom home is always a winner provided the current home you reside in cannot meet you specifications. This is ideal and many cases you do not require an homeowner association. With this said, Multi-generational homes are combined with family members on a large lot to accomplish their goals. This include a great idea to look after grandma and grandpa. This can be a dream come true.

TRUSTED ADVISOR 

As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the Dr Phillips and Central Florida housing market. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trust worthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt.

We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decisions. So don't let this shifting housing market delay your dreams, data shows home values typically appreciate over time and that gives your net worth a nice boost. 

If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and servicing all of your real estate needs.