Tampa Bay homeowners selling today often have meaningful equity to leverage. After 43+ years guiding owners through the sale-to-buy transition, our team can share the strategies that turn equity into the strongest next move.
Know your real number
Online estimates are often off by 10–15%. A free CMA from your local agent is more accurate. The actual equity number is current value minus mortgage balance minus selling costs (roughly 7–9% of sale price).
Where the equity can go
- Larger down payment on next home: often eliminates PMI, lowers monthly payment
- Cash purchase if downsizing: no mortgage at all
- SOH portability: if staying in Florida, transfer accumulated tax savings up to $500,000
- Investment property: equity from primary becomes down on rental
- Pay down other debt
The Florida-specific math
SOH portability often saves $1,000–$3,000+/year on the next home’s property tax. That benefit alone can drive the move-within-Florida decision.
The bottom line
Equity is a tool, not just a balance. Our team is happy to walk through how to deploy yours strategically across the Tampa Bay area.