Hope Leitner, Realtor®, CRS

There are a number of   reasons   you may be thinking about   selling   your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s   housing market   – and that’s   affordability . If that’s your biggest concern, understanding how much equity you have in your house could help make your   decision   that much easier. Here are two key factors that have a big impact on your equity. How Long You’ve Been in Your Home First up is homeowner tenure. That’s how long homeowners live in a house, on average, before  selling  or choosing to move. From 1985 to 2009, the average length of time homeowners stayed put was roughly six years.  But  according  to the  National Association of Realtors  (NAR), that number has been climbing. Now, the average tenure is 10 years ( see graph below ): Here’s why that’s such a big deal. You gain  equity  as you pay down your home loan and as home prices climb. And when you combine all of your mortgag

  I'm setting aside a few hours this week to put together home equity reports for my clients. These reports are more comprehensive and accurate than those that you'd get from an online tool. Can I send you one for your home? Let me know! Your Forever Agent, Hope Leitner, Realtor®, CRS,  CA DRE #01874321 Chairman’s Circle Diamond Level 2022  – Top 1/2 of 1% BHHS Agents Nationwide Christie D. Horn and Associates Berkshire Hathaway HomeServices | California Properties 3790 Via de la Valle, Suite 201, Del Mar, CA 92014  Cell: (858) 382-3763 Email: Hope@CDHorn.com Website:   hopeleitner.com

  August 7, 2023 For Buyers Foreclosures First Time Home Buyers Move-Up Buyers Buying Myths If you’re a homeowner, odds are your  equity  has grown significantly over the last few years.  Equity  builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the  ‘unicorn’ years , you’ve likely gained more than you think. According to the latest  Equity Insights Report  from  CoreLogic , the  average homeowner has more than $274,000 in equity right now . That much equity can help you achieve certain goals. In a recent article,  Bankrate   elaborates:   “ While the pandemic created serious challenges, the silver lining for anyone who owned a home was the sizable equity gain. Understanding how home equity works, and how to leverage it, is important for any homeowner .” Here are a few examples of how you can put your home equity to work for you. 1. Buy a Home That Fits Your Needs If your current space no longer meets your needs, it might