Planning to Retire? It Could Be Time to Make a Move!
Planning to Retire? It Could Be Time to Make a Move!
This week, we're diving into an important topic—planning for retirement and making a move. If you're thinking about retirement or have already retired this year, you may be considering your next steps. One of those steps could be selling your current home and finding a new one that better suits your evolving needs.
Evaluating Your Current Home Situation
One of the first things to consider is how long you've been in your home. Between 1985 and 2008, the average homeowner stayed in their home for about six years. However, according to the National Association of Realtors, that number has increased, with homeowners now staying in their houses for an average of 9 to 10 years.
If you've lived in your home for a long time, you've likely built up substantial equity. The Federal Housing Finance Agency reports that homes owned for over five years have increased in value by more than 50%, and those owned for 30 years have nearly tripled in value. This equity can be a powerful tool in achieving your next real estate goal.
How Equity Can Help Fund Your Next Move
Your home equity can be a game-changer when planning your retirement move. Whether you're looking to downsize, relocate to a dream destination, or move closer to family, the equity you've built can make these transitions smoother and more financially feasible. In fact, data from the National Association of Realtors shows that the primary reason recent home sellers moved was to be closer to loved ones—especially grandchildren.
Making the Right Move with Expert Guidance
Deciding where to move and how to navigate the real estate market can be overwhelming, but you don’t have to do it alone. A trusted real estate professional can guide you through the process, helping you sell your current home and find the perfect next home for your lifestyle. Whether you're looking for a local move or a national relocation, we have the expertise and network to connect you with the right agent and resources to make your transition seamless.
Retirement is a time of change, and your home should fit your new lifestyle. Let’s explore the best opportunities available to you, whether locally or nationally. If you're considering making a move, reach out to us at the Raegan Thorp Real Estate Group, and let’s start planning your future today!
Raegan Thorp
Raegan Thorp Real Estate Group
📧 raegan@rtrg.homes
📧 info@rtrg.homes
🌐 www.RaeganThorp.com
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