If you're a homeowner, you may not realize the full extent of the wealth you've built just by owning your home. As property values have risen over the years, so has your home equity—and that equity could be more powerful than you think. In fact, it might even help your children take their first steps into homeownership.

As real estate agents in Cookeville, TN, we regularly speak with families who are exploring creative ways to navigate the current housing market. One increasingly popular option? Using home equity to help children buy their first home.

Let’s break down why this could be a smart, meaningful move—both financially and personally.

The Challenge: First-Time Buyers Are Struggling

Today’s market poses some real challenges for first-time buyers. Affordability remains a key concern, with rising home prices and interest rates making it harder for younger generations to enter the market—even if they have good jobs and responsible financial habits.

Even in a desirable market with homes for sale in Cookeville, TN, many young buyers feel stuck. But if you’re a homeowner, your equity could be the key to unlocking homeownership for your children.

The Opportunity: Homeowners Have Built Significant Equity

According to Cotality (formerly CoreLogic), the average homeowner with a mortgage has around $311,000 in equity. That’s not just a number—it’s an opportunity.

Some parents are already tapping into this resource to help their children with a down payment, closing costs, or even co-signing a mortgage. In fact, Bank of America reports that 49% of buyers aged 18–26 received financial help from their parents for their down payment.

While the data doesn’t specify how many of those parents used their home equity, it’s likely that this wealth played a significant role.

Why It Matters: Creating a Legacy That Lasts

This isn't just about dollars and cents. For many parents, helping a child purchase a home is one of the most meaningful gifts they can give. It’s a way of turning years of homeownership into something tangible—a legacy that provides their children with stability, opportunity, and a stronger financial future.

In fact, Compare the Market found that 45% of Americans who received help from parents or grandparents said they wouldn’t have been able to buy a home without it.

That means nearly half of these new homeowners would still be renting—or priced out of the market altogether—without that support.

Imagine hearing your child say, “We got the house,” and knowing that your hard work and smart financial decisions made it possible. That’s a powerful moment.

Exploring Your Options with a Realtor in Cookeville, TN

If you’re wondering whether this path is right for you, you’re not alone. This is where working with a trusted real estate professional can make a big difference.

At The Real Estate Collective, our team of experienced Cookeville real estate agents can help you explore:

• How much equity you’ve built in your home

• What your options are for accessing that equity

• Local homes for sale in Cookeville, TN that may be a perfect fit for your child

• How to align your financial goals with your family’s long-term needs

We understand that every family’s situation is unique. That’s why we’re here to offer guidance that’s honest, thoughtful, and tailored to your goals.

Benefits of Working With a Top Real Estate Agent in Cookeville

Whether you’re buying, selling, or helping a family member take their next step, working with a top real estate agent in Cookeville gives you the advantage of:

✅ Deep knowledge of the local market
✅ Smart pricing strategies and negotiation skills
✅ Access to off-market opportunities
✅ A trusted partner who truly puts people first

At The Real Estate Collective, we pride ourselves on serving families—not just transactions. Your legacy matters, and we’re here to help you make the most of it.

Bottom Line

If you’ve built equity in your home, you may already hold the key to helping your child achieve the dream of homeownership. And in today’s market, that kind of support can make all the difference.

So here’s the question:
If helping your kids buy a home was more feasible than you thought—would you explore that option?

Let’s talk about how we can make that dream a reality—together.

📞 Contact The Real Estate Collective, your trusted realtor in Cookeville, TN, and let’s start the conversation.