Home Prices Are Rising Across the Triangle!
Get your updated value from Reeves Realty, your local real estate experts
Why Home Equity Matters
Get the most out of your home's equity
"Equity" is a common buzzword among real estate agents and homeowners alike, but it can be hard to know what it means. In a nutshell, equity is the difference between what your home is currently worth and the amount you owe on your mortgage. For example, if you owe $50,000 and your home is valued at $250,000, you'd theoretically make around $200,000 (or more!) whenever you go to sell.
As you pay back your loan, your home will become a more valuable asset over time. And because property values tend to increase in value, you could see your equity continue to skyrocket.
If you've lived in your home for a while and want to make the most of your equity, contact Reeves Realty today. We'd be happy to answer your questions...or get your home sold in no time at all!
Triangle Home-Selling Resources
Ready to capitalize on our area's hot real estate market? Take a look at some of our resources below, and reach out to us with any questions!