Your first home was never meant to be your forever home. If you’re ready for more space, today’s market may offer a unique advantage. Starter homes remain in high demand, which could help you get a strong price when you sell. Meanwhile, more move-up homes are hitting the market, giving you additional choices and potentially more negotiating power. Add in the equity you’ve built, and your next move may be closer than you think. Ready to explore your options? Contact The Kombrink Team today.
Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
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Found 3 videos about "home equity"
If you’ve owned your home for several years, you may have built more buying power than you realize. The typical repeat buyer is putting around 23% down on their next home, often using equity from the home they’re selling. That larger down payment can mean a smaller mortgage, lower monthly payments, less interest over time, and potentially no private mortgage insurance. So if today’s mortgage rates have you wondering whether your next move is still possible, don’t assume the answer is no. Your current home equity could change the math quite a bit.
Do you know what your house could realistically sell for today? The typical homeowner with a mortgage has about $311,000 in equity, and that kind of equity can create some serious options when it’s time to move. You could put more money down on your next home, borrow less at today’s rates, or potentially make an all-cash purchase. The Kombrink Team is currently offering no-cost Equity Assessment Reports for local homeowners. If it’s been a while since you’ve had a professional look at your home’s value, reach out and let’s find out what your numbers look like.
