Episode #249 - The Equity Show - How to Get Off Your Assets and Move Up

Open House with Team Reba

What are you doing with the equity you’re sitting on? Unfortunately, some folks have no equity to sit on because their clueless ‘Uncle Joe’ told them to wait for prices to drop, but that won’t be happening.

On this episode of Open House, Reba and Eric examine the wide variety of changes to the housing market over the past few years, along with the factors driving people to sell their investment property in the greater Seattle area (principally city ordinances pressuring landlords and the relentless drive towards rent control.)

So if you’re looking to cash in on your property and get out of Dodge, how exactly do you best tap into your equity? Reba and Eric offer you a number of questions to consider and factors to account for, such as:

• Does it make sense to buy a new home before you sell your old one?
• Is it better to sell your old home first before buying?
• Should you consider buying contingent?
• Would renting out your old home while buying a new one make the most sense?
• What is your tolerance for change?

Additionally, Eric elaborates on lending options that could offer you the key to getting the most out of your equity in your present set of circumstances.

So tune out Uncle Joe, get off your assets, and give a listen to this episode of Open House with Team Reba. Your equity will thank you.

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