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    Lake Lanier Homes for Sale | Sheila Davis Group -The Norton Agency | Leading Lake Lanier Real Estate AgentsLake Lanier Homes for Sale | Sheila Davis Group -The Norton Agency | Leading Lake Lanier Real Estate Agents

    LAKE LANIER REAL ESTATE – We are the #1 Lake Lanier Realtors, 20 Years selling Lake Lanier Homes for Sale - We help both Buyers and Sellers, Call today for a no-obligation home consultation 770-235-6907. Top Lake Lanier Real Estate, LakeLaniersFinest.com, Leading Agents Lake Lanier

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    Four Ways You Can Use Your Home Equity

    If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.

    According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates:

    “While the pandemic created serious challenges, the silver lining for anyone who owned a home was the sizable equity gain. Understanding how home equity works, and how to leverage it, is important for any homeowner.”

    Here are a few examples of how you can put your home equity to work for you.

    1. Buy a Home That Fits Your Needs

    If your current space no longer meets your needs, it might be time to think about moving to a bigger home. And if you’ve got too much space, downsizing to a smaller home could be just right. Either way, you can put your equity toward a down payment on a home that fits your changing lifestyle. A real estate agent can help you figure out how much equity you’ve got and how to use it when buying your next home.

    1. Reinvest in Your Current Home

    Renovations are a great option if you want to change your living space, but you aren’t yet ready to make a move. Home improvement projects give you the freedom to tailor your home to match your needs and personal style. But it’s important to consider the long-term benefits certain upgrades can bring to your home’s value. Lean on a real estate professional for the best advice on which improvement projects to prioritize in order to get the greatest return on your investment when you sell later on.

    1. Pursue Personal Ambitions

    Home equity can also serve as a catalyst for realizing your life-long dreams. That could mean investing in a new business venture, retirement, or funding an education. While you shouldn’t use your equity for unnecessary spending, using it responsibly for something meaningful and impactful can really make a difference in your life.

    1. Understand Your Options to Avoid Foreclosure

    Today the number of foreclosure filings remains below the norm, so there’s no need to fear a wave of foreclosed homes flooding the market. But unfortunately, there are still some homeowners who experience the foreclosure process each year. If you’re facing financial difficulties, having a clear understanding of your options and how your equity can help is crucial. Equity can act as a financial cushion that can be used in times of unexpected challenges or unforeseen circumstances that may disrupt your ability to make mortgage payments on time.

    In an article, Freddie Mac explains it this way:

    “If exiting your home is the best option for you, selling with equity may be a good option. When selling with equity, you are using the proceeds from selling your home at a higher price than the amount you owe on your mortgage to pay off your remaining mortgage debt.”

    Bottom Line

    Your equity can be a game changer in reinvesting in your needs, pursuing your goals, and even helping you avoid foreclosure during difficult times. If you’re unsure how much equity you have in your home, let’s connect so you can start planning your next move. Sheila Davis 770-235-6907 Give us a call today – We would love to help you!

    Posted in: Buying a Lake home, Featured Posts, Our Blog, Selling your home Tagged: 2023, home equity, home prices, Lake Lanier homes, selling your home

    Just Sold on Lake Lanier: 1177 Antioch Campground Road

    Just Sold on Lake Lanier: 1177 Antioch Campground Rd, Gainesville in the Chattahoochee Country Club area. Congratulations to Sheila Davis Agent, Stephanie Gillespie & her Seller on the sale of this terrific Lake home with private boat dock.  You can reach Stephanie at 770-654-4161 for help with buying or selling a home or property or https://www.sheiladavisco.com/norton-agency-lake-lanier-homes-contact/ Sellers, we have buyers waiting for homes to come available!    It has never been a better time to Buy or Sell a home! 

    Lake Lanier Homes for sale Sheila Davis Realtors - Stephanie Gillespie

    Posted in: Buying a Lake home, Featured Posts, Just Sold Sheila Davis Group, Our Blog, Selling your home Tagged: Just sold on Lake Lanier, Lake Lanier, Lake Lanier homes, Sell Lake home, Sell your home, top Lake agents

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