Submitted by Stacey Michelman
Business Pro Member
Right now, a lot of homeowners are finding themselves in a unique spot — they’re house rich but feeling a little cash poor. With home values at all-time highs and buyers still out in full force, many are taking advantage of this seller’s market and cashing in on the equity they’ve worked so hard to build.
After years of rising home prices, it’s not unusual for homeowners to have hundreds of thousands of dollars tied up in their homes — but that doesn’t always help with the rising costs of everyday life. Between higher prices at the grocery store, insurance, and just about everything else, that equity can feel out of reach when you need it most.
That’s why more sellers are making the move now: to tap into their home’s value, pay off debt, downsize, invest, or simply give themselves some breathing room. I’m seeing people use their equity in really smart ways, like:
- Paying off high-interest credit cards
- Wiping out student loan debt
- Clearing up car loans
- Covering unexpected medical bills
- Building up savings or investment accounts
- Funding a new home that better fits their lifestyle
Selling in today’s market is about more than just getting top dollar — it’s about giving yourself options, flexibility, and peace of mind.
If you’ve been wondering if now might be the right time to make a move, you’re not alone. Let’s talk about how you can take advantage of this market while it’s still hot!
Stacey Michelman, Broker~Associate, Coldwell Banker Realty
Direct: 973-417-0079, Office 908-879-4700
Stacey Michelman is a seasoned real estate professional with a career spanning over a decade, having entered the industry in 2009. In 2018, she achieved the distinction of becoming a Broker-Associate, showcasing her commitment to excellence and expertise in the field. Stacey takes pride in being a lifelong resident of Sussex County, bringing an intimate knowledge of the local real estate market to her clients.
