Be Like: Jennifer – Is it time to cash out your home’s equity?

Is it time to cash out your home's equity

The account below is a true story from one of our clients. To protect the identity of our clients, we have used fictitious names. However, their stories, stats, and emotions are real. This is the next installment of our “Be Like” series.

Jennifer’s Story

Jennifer’s story begins in October 2010. She was looking to purchase her first home in Maple Grove, MN. That year, the market was just starting to recover from the economic recession. Nearly 40 percent of the inventory in 2010 was in a distressed financial condition. Jennifer realized early on in her home buying search that she didn’t want to do it alone. Another past satisfied client referred her to the Jarrod Peterson Real Estate Group.

Her wish was to buy a townhome in Maple Grove. She was in luck. Back in 2010, there were 146 townhomes on the market, and many were in her price range. Jennifer purchased one with the savvy negotiation assistance of Jarrod Peterson for a price of $156,200.

Is it time to cash out your home’s equity?

But her story doesn’t end there. We stayed in contact with Jennifer over the years. She referred friends and family to us for their home buying and selling needs. She was also invited to the frequent client parties Jarrod Peterson Real Estate Group holds each year. In December 2019, Jennifer received some tremendous news! A new job opportunity had opened out-of-state. She was thrilled about this new adventure but nervous about the sale of her townhome.

Jennifer contacted Jarrod Peterson and that worry melted away. We met to review a comparative market analysis, which included the fact that, according to the National Association of Realtors, homeownership equity had NEVER been as high as it was at that time. Jennifer was relieved that ten years later, her investment in a townhome would yield her nearly $83,000.

Plus, we got Jennifer connected with Edina Realty’s HomeServices of America relocation network and she was able to purchase a new home using her equity. This made the moving process seamless. Jennifer recently said this about the experience: “Selling my first home caused a lot of anxiety, but thankfully I had Jarrod Peterson and his team on my side. They handled the process like professionals from start to finish, and I made really good money on the property.”

Home Buyers & Sellers Social

If you want to BE LIKE Jennifer and learn more about how we can help you, too, attend one of our upcoming Home Buyers and Sellers Socials on March 12th or May 6th from 4-6 PM at Pittsburgh Blue in Maple Grove, MN.

Enjoy complimentary food and drinks and learn how we have helped hundreds of other clients realize the dream for their next phase in life. Meet and hear stories from actual clients who have made a transition in life. Space is limited, so RSVP today on Eventbrite or by calling 763-258-4400 or emailing