Sarosh Altaf Lynnwood WA Real Estate Agent

  Some Highlights If you’re a homeowner, your  net worth  has gotten a big boost. That’s because recent  home price appreciation  has increased your equity. Your equity grows as you pay down your loan and as your home  increases  in value. Over the past year, the average  homeowner’s equity  grew by  $55,300 . Ready to sell? Let’s connect to talk about how you can use that equity to fuel your next move.

  If you’re buying or selling a home this year, you’re likely saving up for a variety of  expenses . For buyers, that might include things like your  down payment  and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers.  SmartAsset   estimates  the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state: If you’re getting a refund this year, here are a few tips to help with your home purchase or sale this season. How Buyers Can Use Their Tax Refund According to  American Financing , there are multiple ways your refund check can help you as a  homebuyer . A few include: Growing your down payment fund  – If you haven’t started saving for your...