The past couple of years have brought and continue to bring about significant life challenges for so many. In fact, for some, have accelerated the wheel towards early retirement … turning the page to the “next chapter” of their life.
If that sounds like you, and you have recently retired, or are at a point in your life that this may soon become your reality, take a quick look around … it may be possible you find your current home not quite fitting your new, or soon to be new lifestyle for many different reasons. But here’s the good news … It is extremely likely, depending on when you purchased your home, that you have built-up a significant amount of equity, which in turn can help fund your next move. With the increase of today’s home values in our area over the past couple of years, you can be fairly certain there will be good amount of equity in your home. To find out just how much … you may want to have a Comparable Market Analysis Report completed so you can see what your “current market value” is to determine just how much equity you really do have in your home should you decide to sell.
If you have been on the fence, here are just some of the benefits to consider as you may find yourself turning the page into, or towards retirement …
Moving closer to the ones we love – According to the National Association of Realtors, one of the main reasons why people move of those reaching retirement age is to live closer to family and friends.
If you find yourself living further away from those most important to you … retirement and the equity you’ve built into your home may just enable you to “make that move.”
Finding the right home – The equity in your home will not only give life to make a move to a new location, but it can also help you purchase the home that will be more suitable to your wants and needs for today’s lifestyle and beyond! Many who are looking to retire are thinking forward and are looking for that “one level living” home for ease of living and a better quality of life.
My best advice … if you have recently retired and your needs are changing, take comfort in that you are not alone. Retirement is a big step, and so is buying or selling a home. As you enter this new chapter of life, it is important to receive good sound advice from a trusted real estate advisor, one that will listen to your specific wants and needs and help you move forward with that in mind, easing the worry and to shed light on the process … guiding you every step of the way.
Laura
Helping buyers and sellers achieve their real estate goals.
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