If you’re a Pensacola homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. Since the beginning of time people have bought and sold in many types of markets and this will be no different.

What Equity Is and How It Works

Some homeowners in Pensacola have been waiting for months to put their houses on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe, buyers are still active and plenty of homes are selling right now. While all the bidding may have retreated there are still many buyers that road that part out or didn't participate to start with and now here they are.

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