You can adjust your living situation with your built-up equity.
Here we are, facing the beginning of 2023 and saying goodbye to 2022. If you’re thinking about retirement or have already retired this year, it’s time to start planning your next steps. One of your goals could be selling your house and finding one that fits your needs more closely. Here are a few things to think about when making that decision.
First, consider how long you’ve been in your home. From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. However, according to the National Association of Realtors, that number is rising today, meaning many homeowners are living in their houses even longer.
“Your equity can help you achieve your homeownership goals.”
When you live in a home for a significant period of time, it’s natural for you to experience many changes in your life. Your needs may change, and if your current home no longer meets them, you may have better options waiting for you.
Also, consider the equity you’ve gained. If you’ve been in your home for more than a few years, you’ve likely built up a significant amount of equity that can fuel your next move. Consider your retirement goals—whether you’re looking to downsize, relocate to a dream destination, or move closer to loved ones, that equity can help you achieve your homeownership goals.
Whatever your home goals are, a trusted real estate adviser can work with you to find the best options. They’ll help you sell your current house and guide you as you buy a new one that’s better for you and your current lifestyle. If you have any questions, feel free to call, text, or email us anytime.
