×

Go Back

Advice Topics

Top Contributors (View All)

Find a Top Real Estate Agent Near You

Search Now

How much equity should I have before I sell my home?

How much equity should I have before I sell my home?
Asked By Fara | Jacksonville, FL | 362 views | Selling | 2 years ago
Answer(1)
Sort By:
profile img
Pro
123 Answers
Chris Yochum

Dickson Realty

(23)

It would depend on why selling or moving. If looking to upgrade then you would want to account for how much you need for down payment and make sure with the amount you have would allow for your new mortgage payment to be acceptable to you. You dont need any equity to sell, though if you can help it usually you want enough equity to cover the closing costs and down payment for next home.

Are you ready to find a top agent near you?

Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.

Search

Related Questions

  • How can I get the most money from selling my house?

    • Asked by Ronda N.
    • 1417 views
    • Selling
    • 8 years ago
    28 Answers

  • How should I prepare my house before selling it?

    • Asked by Mike M.
    • 1022 views
    • Selling
    • 3 years ago
    12 Answers

    • Related Blogs

    Blog Image

    Does a Fireplace Add Value to a Home?

    Homeowners preparing to sell often look at all sources of value to determine the ideal listing price for their properties. While their real estate agents can conduct a comparative market analysis (CMA), homeowners often estimate their own property values before meeting with them. One common question sellers have is, “Does a fireplace add value t
    Blog Image

    How Much Does It Cost to Stage a Home?

    Home staging means preparing your home for potential buyers. Even if you don’t hire a staging company, you will likely spend hours before you list decluttering your home, deep cleaning each room, and making your space shine in its best light.  Professional stagers can also help your house appeal to buyers and give people a clearer vision
    Blog Image

    Can You Get a New Mortgage Before Selling Your Current House?

    Many homeowners want to buy their next property before selling their current one. Moving from one house to another is easier if you already have a place to move to. It’s also easier to identify which items you want to take and which ones you won't need if you already know what your future house looks like.  However, getting a mortgage fo
Search for Agents by Top U.S Cities
Search for Agents by States
Search for Company by States