Understanding Equity

You already know a home is an important investment, but did you know the equity you have in your home can be used as a factor in determining the right time to sell?

In the simplest terms, equity is the difference between the market value of your home and how much you owe on your mortgage. Your down payment actually marked your first stake of equity in your home. As you pay down your mortgage, your equity in your home continues to increase. Other factors that can increase your home equity include improvements on your house and the appreciation of your local market over time.

By familiarizing yourself with the equity you have in your home, along with the economic conditions of our local market, you will gain insight into when might be the right opportunity to make your next move.

For more information. Reach out to us

William Onye
Keller Williams Premier Realty
M: 832-613-5373
A: 22762 Westheimer Pkwy, Suite 420, Katy TX 77450
W: www.har.com/williamonye
E: WillOnye@kw.com