To build on my article from 2 weeks ago - accelerating home equity to Increase your Net Worth Faster - I have now coined it the Home Equity Coach program and have purchased www.TheHomeEquityCoach.com. I plan to expand this free program over the next 12 months, as I strongly believe in building wealth thru real estate ownership, among your other investments such as stocks and businesses. Since the road is not always clear on how to get there, I am offering my service on this important financial asset that can be easily overlooked and taken for granted . Of course, I will continue my main occupation as a Realtor representing home sellers and buyers for years to come. This program is a supplemental guide for homeowners to realize a larger payoff upon selling, which can then be used for a larger down payment on the next home, pay down other debts, invest in retirement funds, or however you wish! 

Financial experts seem to agree that the proper percent of home equity compared to your total net worth should be in the 20%-30% range, meaning if your net worth is $500,000 that your home's value minus the loan(s) is $100,000 - 150,000. This percent will fluctuate substantially over your lifetime - smaller when buying your first home, and higher when selling your last one. Currently, the average person's home equity is a much higher % of their total financial worth, as the average savings/investing rate is lower than it should be. So even though my goal is to build your equity faster, I also believe you need to be properly invested and balanced in different asset classes. You should not be house-rich and cash-poor. 

I have represented 365 clients buying and selling a wide variety of homes and locations over a 27 year career that includes managing other agents for five years. This experience has given me many insights on how to make a financially-smart purchase, to grow that value while enjoying your life there, paying down the debt sooner, and eventually selling it with a larger check in hand. I can enter the picture in any of these stages to lend guidance in achieving these goals with you. It can apply to your own home or to rental homes you own. This is NOT a get-rich-quick scheme; buy-for-zero-down investment; flipping-houses-with-other-people's-money; or anything you have heard advertised. Nor is it designed to sell you a larger home (unless you want to of course, then I am happy to :). I simply feel bad for folks that have missed opportunities to accelerate their wealth during their home ownership using tools already available to them. In the end, I hope to earn/ keep your business when it is time to buy and sell homes. That's it! 

If this terminology intimidates you, don't worry, I can simplify. If it is too basic, it is supposed to be. The concept here is not difficult to grasp, just difficult to maintain the discipline, that is where having a coach can be invaluable. Contact me soon to arrange a home visit where we can begin your plan. Time to bring in the Coach! 

Happy HEC-ing!