How Much Equity Do I Need to Sell My Home in Las Vegas? — Deidre Wilson, Las Vegas & Henderson, NV Realtor®

How much equity do you need to sell your home in Las Vegas?
Most sellers need enough equity to cover their mortgage payoff, closing costs, and any additional expenses like repairs or moving. In Las Vegas, this usually means at least 10% equity, though more is ideal. Deidre Wilson helps homeowners calculate their net proceeds so they know what they’ll walk away with before listing.

What Is Equity?

Equity is the difference between what your home is worth today and what you still owe on your mortgage.

Example:

• Home value: $500,000

• Mortgage balance: $350,000

• Equity: $150,000 (before fees and costs)

Costs to Consider When Selling in Las Vegas

When you sell, your equity covers expenses like:

1. Mortgage Payoff

• The largest expense — your lender is paid first at closing.

2. Closing Costs

• Average 6%–8% of the sale price, including commissions, title, escrow, and transfer tax.

3. HOA Fees (if applicable)

• Henderson and Las Vegas communities like Summerlin, Inspirada, and Anthem often require a resale package ($300–$400) plus prorated dues.

4. Repairs or Buyer Credits

• Inspection repairs or credits for buyers may reduce proceeds.

5. Moving Costs

• Professional movers, storage, or temporary housing if buying and selling at the same time.

How Much Equity Is “Enough”?

• At least 10% equity → Covers payoff + closing costs, but may leave little leftover.

• 15%–20% equity → Provides more flexibility, cash for your next down payment, and cushion for surprises.

• 25%+ equity → Strong position; gives you the most financial freedom and room to negotiate.

Las Vegas Market Insight

In mid-2025, the median home price in Las Vegas was $465,000 (Source: LVR). Many homeowners who purchased before 2020 are sitting on six-figure equity gains thanks to appreciation.

Neighborhoods like Skye Canyon, The Vistas in Summerlin, and Inspirada have seen consistent growth, putting sellers in excellent equity positions.

What If You Don’t Have Enough Equity?

• Break-even sale: Covers payoff + costs, but little left over.

• Short sale: If you owe more than the home’s value, your lender must approve a sale for less.

• Wait and build equity: Paying down your mortgage or waiting for appreciation may improve your position.

Why Equity Matters for Your Next Move

Equity often becomes the down payment for your next home in Henderson or Las Vegas. More equity means:

• Easier financing approval

• Lower monthly payments

• More options in competitive neighborhoods like MacDonald Highlands or The Ridges

Deidre Wilson’s Advice

“Equity is the foundation of your next move. I always run a seller’s net sheet before we list, so my clients know exactly what they’ll walk away with. No surprises, just clarity.” — Deidre Wilson

Your Next Step

Curious about your equity? Deidre Wilson & Associates offers a free equity review and net sheet so you’ll know what to expect at closing — and how much you’ll have for your next home.

📞 Call or text: 312-576-5448
📧 Email: sold@deidrewilson.com
🌐 Visit: www.deidrewilson.com

Disclaimer: This article is for informational purposes only and not legal, tax, or financial advice. Always consult licensed professionals.