Save 100’s of Dollars by Knowing This One Number
Knowing this number can help save you money on insurance, your taxes, and help you quickly sell your home.
Find out today what your home is worth. If your home value has risen since you took out your mortgage, you may be able to get a home equity line of credit. You can use that credit to pay off high-interest loans, remodel your kitchen, or buy a car.
Also, if you have enough equity in your home, you can get rid of your private mortgage insurance (PMI). If you didn’t put down at least 20% for your mortgage when you bought your home, you had PMI attached to your loan. After you have enough equity, though, you can get this removed, so find out your home’s value.
On the other hand, if the value of your home is less than when you bought it, you can get a break on taxes. Your real estate taxes are based on your property’s value. You can appeal if your government is taxing you based on an inflated value.
With today’s housing supply at an all-time low, you might think you can sell your home no matter how you price it. The truth is that if you price your house too high, it will sit unsold for longer than you would like. That’s another reason you need to know what your house is worth, so you won’t lose money and you won’t have your house sit in this hot market.