How Much Equity Can You Use to Buy Your New Home?
Tru Advantage Realty Video Blog
English - August 13, 2019 21:13News real estate for sale agents top local find agent home Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
If you bought a home in the past three or four years, you may have a lot of equity built up in it that you can use to upgrade into a newer, better home.
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If you bought a home in the last few years and are looking to upgrade into a new one, or your family has outgrown your current home, I have good news for you.
The latest market statistics from the Realtors Association of York & Adams Counties show that home values have appreciated by double digits since 2014.
In 2014, the average sale price in York County was $149,900. Now in 2018, it’s $169,900. That’s nearly a 12% increase. In other words, if you purchased a home back in 2014 for $200,000, that home’s now worth $224,000.
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Now is a great time to sell and use that instant equity you have gained in the last three or four years.”
Now is a great time to sell and use that instant equity you have gained in the last three or four years.
If this is something you would be interested in, we would be happy to sit down with you, calculate your home’s value, and determine how much equity you have available to roll into your new home. Just give us a call and we will get started.
If you have any other questions or real estate needs, feel free to call or email us anytime. We would love to speak with you.