For most homeowners in Texas, your home has most likely been your best investment, especially if you bought 3 or more years ago. If you purchased pre-2012, you might have doubled or more the equity in your home. Equity is the key word. Your equity is what your homes worth today minus what your payoff to the lender is. To be fair to yourself, you may want to subtract what repairs or updates you need to complete, to realize the full market value.
We have been coming across more and more folks whose circumstances in life have changed. Maybe their job situation changed, or they feel like they don’t need that large of a house, or they just don’t want the larger payment, but they don’t feel like they really want to sell.
Well, you have options.