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Home Equity is Up 29.3% — Here’s What That Means

       

I have some good news for people that already own a home that are in your database.

Here's the stats:

According to the KCM blog, home equity is up 29.3% across the board — which equals $51,500 in added equity over the past 12 months.

So then the question is:

Well, what can people do with that equity?

And there are a lot of things they could do:

They could pull it out in cash with a refinance, of course. They could take that equity and use it as a way to move into their dream home by stepping up — and there's a lot of people out there that may not realize that they can step up into their dream home with very little changes in their payment because of their equity.

There are tons of conversations you can have here.

Take that data, repackage it, and push it out to your people in your sphere of influence and start having conversations with them.

You could say, "Hey, would you like to get a specific number for how much equity build...

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This Little-Known Market Contains 38% of All Sellers

       

What percentage of Americans would you guess paid off their home?

Think about that for a second: Completely own their home, free and clear.

In other words, when you're driving down the street in your neighborhood, out of 10 homes, how many people have paid their home off and outright own it?

Would it be 2 homes, 3 homes, 4 homes?

The answer is 38% of Americans have paid off their home in full, which is absolutely amazing.

The equity for homes in America is off the charts. It's incredible. So that's good.

Now, why do I bring this up?

The reason I bring it up is because people that have equity in their home actually have a huge, powerful advantage when it comes to moving up to their dream home.

And here's why:

They can actually do something that a lot of sellers can't. They could go buy a home and finance their second home (what they're going to buy next). And they won't have two mortgages.

So they have no pressure on themselves when it...

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