Is it time to realize your equity

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Real Estate

Your home equity represents your personal financial stake in your home. It's calculated by subtracting any outstanding mortgage balances or liens from your home's fair market value. However, it's important to understand that your home's equity doesn't directly translate to your net proceeds when you sell your house. Before accessing the money from the sale, you'll need to cover closing costs and other fees related to the transaction, which are deducted from your equity and reduce your total profit. Call us to discuss the equity in your home.