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if you live in a home for 5 years how much esgro or equity do you have

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June 05 2013 - Town of Mukwonago
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Answers (5)

There is no correlation between time in a home and the amount of equity you may or may not have. All the previous advice is great. Unfortunately the only way to truly know how much equity you have is to get the property appraised.
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June 06 2013
That is impossible to answer on zillow. It all depends on what you owe on your home versus what your home is worth at this moment. Many people who purchased homes 5 years ago actually owe more than their homes are worth now. It all depends on your market
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June 05 2013
Profile picture for wetdawgs
Maybe you have some equity, maybe you owe more than you can sell it for.

As the market value of a home does not raise annually with a set percentage, get an appraisal or CMA, determine how much you owe plus selling costs and then you will know whether or not you have  equity
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June 05 2013
That all depends on the current fair market value of your home. Contact a local realtor in your area and have them do a CMA (Comparative Market Analysis). If you want to find out the true value of your home-have an appraisal done your property. 
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June 05 2013
There is no set answer, you might have little or none or you might have lots. You need to find the value today and compare to what you owe on it. Many are upside down meaning they owe more than it's worth. If so as long as you don't have to sell, don't worry about it.

tim
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June 05 2013
 
Related Questions
if you live in a home for 5 years how much esgro or equity do you have
Profile picture for Adam DeSantis
Latest answer by Adam DeSantis
June 06 2013 | 5 answers
  • Asked by wesmith3
  • In Mortgage
  • June 05 2013
Mortgage Rates
 
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