How much equity should I have before I sell my home?

There is no universal minimum equity requirement before selling, but the practical floor is having enough equity to cover the costs of the transaction without bringing money to the closing table. In Florida, those costs typically include agent commissions, title fees, doc stamps, and any outstanding liens or assessments. In Spring Hill and across Hernando County, the total cost of selling a home typically runs between 8 and 10 percent of the sale price when you account for all closing costs, not just the commission. So a seller with 10 percent equity breaks even at best on a standard transaction, with nothing left to roll into a new purchase. Most advisors suggest having at least 15 to 20 percent equity before selling if your goal is to generate a meaningful down payment for your next home. If equity is thin and you need to move, run the numbers with your agent before listing. A net sheet that shows proceeds after all costs tells you exactly where you stand based on current market values. Kevin Neely & Kaitlynd Robbins | K2 Sells

It would depend on why selling or moving. If looking to upgrade then you would want to account for how much you need for down payment and make sure with the amount you have would allow for your new mortgage payment to be acceptable to you. You dont need any equity to sell, though if you can help it usually you want enough equity to cover the closing costs and down payment for next home.

If you have less than 10% equity, you risk "breaking even" or having to bring cash to the closing table. If you have less If you have less than 10% equity, you risk "breaking even" or having to bring cash to the closing table than 10% equity, you risk "breaking even" or having to bring cash to the closing table .