How Much Equity Do You Have In Your Home

How Much Equity Do You Have In Your Home

It’s easy to get the value of investments by Stock Reports, Bank Statements, IRA reports and such. But there is not a report for the equity you have in your home.  Online companies ( the E-Realty companies )  do not want you to know the real value of your home so they can make their offer with room to take your equity as their profit.

Online Real Estate Companies like Open Door, Offer Pad, Zillow and others take advantage by providing an “algorithm’ of what they want your home value to be.  Will offer to buy your home based on their value then resell at a higher price. This “Higher Price” is the equity you earned but left on the closing table.  It’s the money that pays the Middle-Man.   

E-Realty companies advertise ease of sale, no hassle, guaranteed closing.  These are all well and good, but how much of your home’s equity will it cost you.  When you add a middleman into any transaction, there is going to be more cost and less profit.  There are times the Middleman makes more money than the sellers.

The best way to get a value for your home is to have a local Real Estate company come to your home and show you comparable sales.  Value is calculated based on seeing your home’s amenities, condition, location and other factors that a biased algorithm will not.

The Myth of Hassle-Free Transaction

Online companies want you to think selling your home is complicated, but it isn’t. 

If you are worried about ease of sale, no hassle, guaranteed closing, a good Real Estate Agent is your best ally.   We watch transactions from negotiating best offer and follow the sale thru repairs and regularly check buyer’s loan progressing smoothly.

In other words, we make the sale of your home Easy and Hassle Free as possible and provide a better chance to get the full equity you have earned.  

 Take the middleman out and don’t leave your equity on the closing table.

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