Planning To Retire? Your Equity Can Help You Reach Your Goal.

Whether you've recently retired or are considering it, you could be weighing your options and attempting to envision a whole different phase of your life. You're not alone either. 10,000 Baby Boomers reach the normal retirement age of 65 per day, according to research from the Retirement Industry Trust Association (RITA), and just 47% of that cohort has retired as of yet.

If this sounds like you, one thing worth considering is whether or not your current home will suit your new lifestyle. If your home doesn’t have the features or benefits you’re looking for, the good news is, you may be in a better position to move than you realize.

That’s because, if you already own a home, you’ve likely built-up significant equity, and that can help you fuel your next move. According to the National Association of Realtors (NAR):

“A homeowner who purchased a typical home five years ago would have gained $125,300 from just price appreciation alone.”

In fact, over the last twelve months, CoreLogic reports the average homeowner in the United States gained roughly $64,000 in equity due to home price appreciation.

You can leverage your equity to assist you in achieving your dream of becoming a homeowner. Your equity can help you reach where you want to go, whether you want to downsize, relocate near family members, or purchase a property in an ideal location. It might be some of what you'd need for a down payment on a house that better suits your evolving needs, if not the entire amount.

To find out how much equity to have in your home, reach out to a trusted real estate professional today.  

Bottom Line

Both retiring and buying or selling a property are significant life changes. Let's connect as you enter this new stage of your life so you have a professional to help you through the process of selling your present house and giving you guidance as you acquire one that will better suit your needs.