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re: Percentage of net worth "invested" as equity in your primary residence?

Posted on 1/15/14 at 7:48 pm to
Posted by LSU Jonno
Huntsville, AL
Member since Feb 2008
581 posts
Posted on 1/15/14 at 7:48 pm to
quote:

Does the inheritance and equity in your current house cover your future down payment? If you could put down 50% with just that money, I would do it.
Yes. I'm talking about putting a down payment down on a house that is 50% of the house price and about 25% of my inheritance or 15% of my total net worth.

I haven't factored in what little equity I have in my current house. I know I'm not upside down, but past that, I could walk away with a $5k check or a $25k check depending on the market, how fast I want the house to sell, and if I sell it myself or hire an agent.

Expenses understood and already budgeted in.
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