Mistake Number One
Most Homeowners Don’t Know Their Equity: Do you know how much equity you have in your house? Don’t worry if your answer is “no” because it’s a number that changes every day based on how much you owe on your mortgage and what your home is worth. In “Mistake 5” I will take you through a detailed example so you can calculate this number for yourself. When you are selling your house, the only thing that should matter is:
How much NET CASH Equity will you walk away with?
That’s it. You can stop reading now, if that makes sense to you. Everything else that follows is just more information for you to better calculate what that number truly is.
Most Homeowners Don’t Know Their Equity: Do you know how much equity you have in your house? Don’t worry if your answer is “no” because it’s a number that changes every day based on how much you owe on your mortgage and what your home is worth. In “Mistake 5” I will take you through a detailed example so you can calculate this number for yourself. When you are selling your house, the only thing that should matter is:
How much NET CASH Equity will you walk away with?
That’s it. You can stop reading now, if that makes sense to you. Everything else that follows is just more information for you to better calculate what that number truly is.
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