Trade Me have released a new feature on the property app called My Homes.
The new “My Homes” feature within the Trade Me Property app allows homeowners to track their properties estimated value and moniter buyer demand from recent sales data. This provides homeowners with “real-time information” about their property’s market position to help them make informed decisions.
This is especially useful if they are looking to refinance their mortgage or are considering selling.
Trade Me say that there mission is to provide tools you need to have confidence in your home’s value, and clarity on what’s happening in the market most relevant to you.
My Homes is a new feature that equips you with robust data and exclusive insights on your biggest asset.
Only available on Trade Me.
Ready to get started with My Homes?
Simply jump onto the Trade Me app, track your home with My Homes and mark yourself as the owner.
Start tracking the value of your biggest assets today and hopefully you will start seeing the values increasing over time too. Unlike many investments, most Kiwis know that property is a long-term asset and therefore accept that values do go down sometimes; however it’s good as a property owner to see values increase and that allows you to use the equity to build wealth elsewhere.
Know Your Home’s Value & Your Equity
You might have purchased your home with a low deposit and therefore be paying a low equity margin or higher interest rates, and so your goal needs to be to increase your equity to 20%.
Knowing how much your homes value has increased will help – a lot!
Plus you should review your loan structure to make sure that you know what is needed to be reaching 20% equity as soon as you can.
It might be easier than you expect.
You can also track the financial market news on this website: Kiwi Edition.
