Your Equity Could Change Everything About Your Next Move in Maryland
A lot of Maryland homeowners are asking the same question right now: “Is it even a good time to sell?” The answer may surprise you…
For many in Baltimore and surrounding areas, the answer is a strong yes.
Why? Because of your equity.
If you’ve lived in your home for a while, you likely have significant equity. And that equity could completely change your next move.
The Hidden Wealth of Homeownership in Baltimore
When you make mortgage payments, you reduce your loan balance, growing your ownership stake. At the same time, Baltimore home values have generally risen over time, increasing your home’s overall value.
Combine those two, and you’re building wealth automatically, year after year.
According to Realtor.com:
“Nearly half (45.2%) of today’s homeowners have lived in their home for more than 15 years, and 1 in 4 for over 25 years.”
If that’s you, imagine what 15–25 years of payments and steady Baltimore home appreciation have done to your bottom line.
What That Really Means in Dollars
Even if you bought a median-priced home in Baltimore:
Mid-90s: Over $400,000 in equity
Early 2000s: Over $330,000 in equity, even through the housing crash
2015: Nearly $285,000 in equity
Of course, your number depends on your purchase price, improvements, and down payment. But the takeaway: many Baltimore homeowners are sitting on hundreds of thousands of dollars in equity without even realizing it.
Your Equity Could Power Your Next Maryland Move
That equity can help with nearly every concern about moving right now:
Worried about higher mortgage rates? Your equity could cover a significant down payment.
Unsure if you can compete in today’s market? Equity may allow for a cash offer, which sellers love.
Bottom Line
Even if you’re not ready to sell, it’s smart to understand the value of your home. Your equity could give you options you didn’t know you had.
If you want a custom equity assessment for your Baltimore home, let’s connect.