How Much Equity Do You Have in Your Home?

Home values are skyrocketing in our area—here’s proof.

If you’ve been following the news from the housing market, you’ve heard that now is a good time to sell. A lot of people are moving to our area or taking the chance to upsize. However, many others still don’t quite know how much their current home has increased in value. For my latest appearance on “Your Carolina,” I’m giving you an idea of how much homes are appreciating by showing you three properties my team and I sold this year and revealing the difference in value between what they were worth two to three years ago and what they recently sold for.

“Even if you don’t want to sell, it’s good to know that you have that much equity.”

At 1:09 you can see the first property, which sold in 2019 for $250,209. This year we were able to sell it for $289,000—an increase of $38,791. At 1:43 you can see the second property, which sold in 2019 for $162,000. This year we sold it for $205,000—an increase of $43,000. At 2:15 you can see the final property, which sold for $350,000 in 2017. This year we were able to sell it for $460,000—an increase of $110,000.

As you can see, many folks here in the Greenville Upstate area have a lot of equity in their homes. Even if you don’t want to sell, it’s good to know that you have that much equity. If you’ve been thinking about selling, it might be a good idea to strike while the iron is hot. In most cases, of course, this means you’ll have to buy a new house, and there are some great buying opportunities in a lot of pockets throughout our area. In any case, selling at a premium is a good idea.

If you’d like to take advantage of this market and sell or have any other real estate needs, don’t hesitate to reach out to me. I’d love to hear from you.