What is a home equity report? A home equity analysis is not an appraisal which is based solely on similar, recent sales. A home equity report also considers the movement of the market, knowledge of the buyers in the area, and their willingness to pay an estimated price for a property in this competitive low inventory market.
The purpose of the home equity report is to help homeowners stay ahead of the curve: to help plan for and be aware of any potential capital gains exposure, understand their untapped equity capabilities for other uses, or plan for their next home purchase.
The real estate market of San Diego in 2021-2022 has experienced unprecedented gains, leaving many homeowners unaware or simply unprepared for any future sale or need of equity. Valuation websites like Zillow and others simply can’t keep up and in this market are OUTDATED or out of touch!