In this Article...
In Charleston, South Carolina, leveraging your home equity could be the key to making your next move possible. With property values rising, many homeowners have seen substantial increases in their equity. Realtor Charlotte Lemon at Charleston Home suggests tapping into this equity could fund your next purchase or even allow you to buy a smaller home outright. Connecting with a local real estate expert might reveal the potential of your current home's value.
Your Home Equity Could Make Moving Possible
Some Highlights
- Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too. On average, homeowners have $311K worth of equity.
- Once you sell, you can use it to fund your down payment on your next home or maybe even to buy a smaller house in cash.
- If you want to find out how much equity you have, connect with an agent. Because it may make a move a lot more feasible than you'd think.
