How much equity do you need to sell your Sudbury house?
Most homeowners need enough equity to cover their mortgage balance, selling costs, and moving expenses. Sudbury realtor Tanya Vanden Berg helps sellers understand their numbers so they can plan confidently.
Equity is the amount of your home you truly own. It’s calculated by subtracting what you owe on your mortgage from your home’s market value. For example, if your Sudbury home is worth $450,000 and you owe $300,000, you have $150,000 in equity. Tanya provides accurate home valuations so you can estimate this properly.
To sell comfortably, you generally need enough equity to cover:
Your remaining mortgage balance
Real estate commission (typically 4–6%)
Legal fees
Any mortgage penalty
Moving costs
Optional repairs or staging
Many Sudbury sellers find that even 10–15% equity can be enough, but the more equity you have, the more flexible your options become — especially if you’re buying again. Homes in the South End, New Sudbury, and Minnow Lake often build equity faster due to steady demand and strong resale values.
If you’re unsure about your equity, Tanya walks sellers through their numbers and helps estimate net proceeds based on real Sudbury market data. Knowing your equity early helps you decide whether now is the right time to sell or if waiting a little longer makes financial sense.
