Michael Bhagwandin

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Turn Your Home Equity Into a Smarter Move in Manhattan

Turn Your Home Equity Into a Smarter Move in Manhattan

If you’re thinking about your next move in the Manhattan Housing Market, your biggest advantage may already be working for you: equity. In today’s New York City market, many homeowners don’t realize how the equity they’ve built can translate into a stronger offer, lower monthly payments, and more flexibility when buying houses for sale in Manhattan. This is where a strategic plan with a New York City Real Estate Agent makes all the difference.

Why Equity Matters More Than Ever Right Now

As home values have held steady across New York Real Estate, long-time owners in Manhattan are sitting on meaningful equity. When you sell your current home, that equity can become a larger down payment on your next purchase—often 20% or more. That shift can change the entire math of your move.

And because Manhattan is hyper-local, the impact varies by neighborhood. A seller in Chelsea may leverage equity differently than someone moving from Gramercy, SoHo, or Tribeca. The key is understanding your options before you start shopping.

The Perks of Putting 20% Down

Using equity to reach a 20% down payment comes with real advantages:

1. You Borrow Less—and Save More

A larger down payment reduces the amount you finance, which can mean significant savings over the life of your loan.

2. Lower Monthly Payments

Less borrowed money often equals lower monthly payments—especially helpful when upgrading to a larger home on the Upper West Side or moving closer to work in Hell's Kitchen.

3. Skip Private Mortgage Insurance (PMI)

Reaching 20% down typically allows you to avoid PMI, keeping your monthly costs lean and predictable.

How This Strategy Plays Out in Manhattan

In competitive Manhattan neighborhoods, buyers with stronger down payments often have more negotiating power and smoother closings. Whether you’re upsizing, downsizing, or relocating within the city, using equity wisely can open doors that might otherwise feel out of reach.

This is not a one-size-fits-all approach. Timing the sale of your current home, structuring contingencies, and aligning financing all require local expertise.

Let’s Build a Plan Around Your Equity

If you’re curious how much equity you have—and how it could work for your next move—I’ll help you map out a clear, realistic strategy tailored to your neighborhood and goals.

Schedule a call or appointment — or let’s connect.

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Clients appreciate his expertise, as they do his contagious enthusiasm and high energy. Having worked in hospitality, Michael knows that service, integrity and interpersonal charm are key to building business and relationships. Michael is always available to his clients, and strives to make the purchase, sale or luxury condo rental process smooth and rewarding.

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Contact Details

MICHAEL BHAGWANDIN

Phone

(917) 903-3843

Email

[email protected]

Address

5 W 37th St Fl 12 New York, NY 10018

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