How Much Equity Do You Really Have in Your Home?

How Much Equity Do You Really Have in Your Home?

If you’re a homeowner in Tampa Bay, this question might be on your mind—especially if you’re considering selling. Your home equity is one of the biggest factors in deciding your next move, and many homeowners are surprised at just how much they’ve built over time!

Here are two key things to consider when measuring your equity:

✅ Time in Your Home Matters
Equity grows in two ways:
1️⃣ Paying down your mortgage over time.
2️⃣ Home price appreciation.

Over the past decade, home prices in Tampa Bay have increased significantly. If you’ve owned your home for at least 5-10 years, you might have more equity than you think!

✅ Long-Term Appreciation Can Be Significant
According to the Federal Housing Finance Agency, home values tend to double or even triple over 30 years. If you’ve lived in your home for a while, you could be sitting on a substantial amount of equity—giving you more options for your next move.

🏡 Whether you’re looking to downsize, relocate, or move closer to family, your home equity can be a huge advantage.

💰 Want to know exactly how much your home is worth? We offer a free, personalized home equity assessment to help you make the best decision.

📩 Message us today to get started!