If want to buy a rental property using your equity, you don't need to sell your home. You can tap the equity using one of these three approaches without selling:
Selling your home is already an ordeal. The last thing you want is to have all your hard work derailed by a low appraisal.
A low appraisal means the appraiser has valued your home lower than your sales price. That can create problems, especially when the buyer wants you to drop your price to meet the appraised value. To get the highest valuation possible for your home from an appraisal, here are 4 things you can do:
The US housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, the median price for an existing home in the US reached over $363,000 in June 2021, a 23.4% increase from 2020. In stark numbers, that means a house selling for $300,000 a year ago would sell for $370,000 today.