Here are the four situations in which you need to know your home’s value.
We feel there are four crucial reasons you need to know your home’s value:
1. In case you need to sell. It’s been a tough year, and you may have gotten behind on your payments. There are options to help you get caught back up, but you need to know the value of your home in case you decide the best course of action is to sell. In the current market, you likely won’t have to do a short sale or foreclosure; we can get your home sold traditionally.
2. In case of divorce or separation. Of course, this happens. We’ll work with your law team to ensure we fairly and accurately work to split the asset that is your home. These conversations can sometimes be uncomfortable, but we’ll have them.
"Knowing your home’s value will help you in many situations."
3. To know your equity position. If you want to refinance, you need to know your home’s value. We have lenders who will work to get you 100% cash-out on your home’s value, but you need to budget for the home improvements you might be planning. This could help you stay in your house for another five or 10 years.
4. If you’re considering moving into a step-up home. People who have been in their homes for five to seven years can take equity out of their current house and put it toward their down payment on their step-up home. Coupled with the present low interest rates, we can get you into that new home with very little adjustments to your payments.
Knowing your home’s value is always beneficial. If you have further questions about this or any other real estate-related topic, please feel free to reach out to us via phone or email. We would love to help you.
