![Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]](https://sheasellsnj.com/wp-content/uploads/2024/04/Equity-Can-Make-Your-Move-Possible-When-Affordability-Is-Tight-NM.png)
- Did you know the equity you have in your current house can help make your move possible?
- Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer.
- The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.
Shea Merritt is a licensed New Jersey real estate agent with eXp Realty, working with buyers and sellers across Middlesex, Monmouth, and Ocean counties. He grew up in Old Bridge. He writes here about the arithmetic behind a move: what a house would actually bring today, what the tax line does to a monthly payment, and how to compare offers on their terms rather than on the top number. If you are weighing a sale or a purchase, send him the address and he will run the numbers on it.