Selling
Selling
How much EQUITY is in your home?
How much equity is in your El Paso home? It may be more than you think. Equity is what your home could sell for today minus what you still owe, and it grows both as you pay down the loan and as your home appreciates.
Here is a quick case study from the video. A homeowner bought for $185,000 and put $30,000 down, then paid the mortgage down to $140,000 over two years. With appreciation, that home could now sell for $230,000 or more, which means about $90,000 in equity. If you want to know what you are sitting on, a quick comparative market analysis can tell you.
Video transcript
How much EQUITY is in your home?
Hey El Paso homeowners, do you know how much equity you have in your home? It might be more than you think. Here's a quick case study. This buyer bought this home for $185,000.
They put $30,000 down and they've paid the mortgage down to $140,000 over the last two years. Now, because of increased depreciation, this home could sell for $230,000 or more, meaning they've got $90,000 of equity.
If you want to know how much equity you have in your house, please consider reaching out to Peña El Paso Realty Group.
