How Much Equity Do You Need to Sell Your Wichita Home?

"How Much Equity Do You Need to Sell Your Wichita Home?"

By The Stanton Group, LLC – Real Broker | Wichita, Kansas

If you’re thinking about selling your home in Wichita or the surrounding area, one of the most important questions you should ask is:

“Do I have enough equity to sell?”

Equity is the difference between what your home is worth and what you still owe on your mortgage. And it’s a key factor in whether selling now is the right move for you—especially if you’re planning to buy another home soon.

At The Stanton Group, we walk sellers through their numbers every day. Here’s what you need to know about how much equity you need—and how to find out where you stand.

📊 What Is Equity?

In simple terms:

Home’s Value – Mortgage Balance = Your Equity

For example:
If your home is worth $300,000 and you owe $220,000, you have $80,000 in equity.

Equity grows over time as:

• Home values rise

• You pay down your mortgage

• You make improvements that increase market value

📈 Most Wichita homeowners who bought before 2021 have gained significant equity—even with shifting interest rates.

💰 How Much Equity Do You Need to Sell?

There’s no one-size-fits-all number, but you generally want at least 10%–15% equity to sell comfortably. That covers:

• Real estate commissions (5%–6%)

• Closing costs (1%–3%)

• Any repairs, staging, or prep expenses

• Moving costs

• Your next down payment or rent deposit

If you have less than 10% equity, you may still be able to sell—but you’ll need a strategy to:

• Reduce fees

• Negotiate buyer concessions

• Time your sale perfectly

✅ We run custom net sheets so you know exactly how much you’ll walk away with at closing—before you list.

🧠 What If You Have More Equity?

That’s great news—it gives you options like:

• Buying your next home with a bigger down payment

• Covering closing costs without stress

• Selling without worrying about price drops

• Downsizing and pocketing the profit

Many sellers in College Hill, Andover, Derby, Maize, and East Wichita are using equity to move up, relocate, or invest in a second property.

🔍 Not Sure How Much Equity You Have?

We can help you calculate it based on:

• Current market value of your home

• Your most recent mortgage statement

• Local price trends in your neighborhood

• Buyer demand and comparable sales

🧾 Even if you refinanced recently or took out a HELOC, we can help you evaluate your full equity picture.

🏁 Bottom Line: Know Before You Sell

Selling your home without understanding your equity could lead to:

• Losing money at the closing table

• Delays or surprises during escrow

• Stress around your next purchase

🎯 At The Stanton Group, we make sure you’re clear on your equity, your profit, and your path forward—so you can sell with confidence.

💬 Want to Know What You’d Net?

We’ll create a free, personalized net sheet showing:

• What your home is worth today

• Estimated closing costs and fees

• How much you could walk away with

📞 Call us or 📩 schedule your no-pressure seller consultation.
We’ll help you decide whether now is the right time—and what your equity can do for you.

The Stanton Group, LLC
Real Broker | Wichita, KS
🗺 Serving Wichita, Derby, Andover, Eastborough, Maize, College Hill & surrounding communities