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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 | 568 views | Selling | 2 years ago
Answer(1)
Chris Yochum
Dickson Realty
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.
- 2 years ago
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