Two Things to Know About the Equity in Your Atlanta Home

Buying a Northeast Metro-Atlanta home? Get a full home search 

Selling a Northeast Metro-Atlanta home?  Home Price Evaluation

We have a nice little surprise for homeowners in Atlanta, and it's the fact that your home might be worth more than you think. Do you know how much equity you have in your property?

There are two different types of equity that I'd like to speak about today. One of them is negative equity, and that's when you're underwater on the home. The second kind is significant equity, which is when you have more than 20% equity in your home.

In a recent poll, 23% of people in the U.S. felt as if they had negative equity, but in reality, only 9% of homeowners are underwater.

In another poll, 37% of people think they have significant equity in their homes, while 69% of homeowners actually have significant equity in their homes. This is a huge difference, and the moral of this story is that your home is probably worth more than you think.

You may have enough equity in your current home to use it to buy another home. You can figure out what your home is worth if you contact us. We can find an accurate market value for your property. This is important even if you're not thinking of moving for some time. It's always good to know things like this!

As always, please don't hesitate to contact us if you need help buying or selling in Atlanta!