Retirement presents new opportunities and changes, making it a wise decision to sell your house and find a better home for your evolving needs.
Consider How Long You’ve Been in Your Home
From 1985 to 2009, homeowners’ average tenure was six years, but since 2010, it has risen to over nine years, according to the National Association of Realtors (NAR).
This means, many homeowners have been living in their homes for extended periods, leading to life changes and changing needs. If their current home doesn’t meet these needs, better options may be available.
Consider the Equity You’ve Gained
Over the years, homeowners may have built substantial equity in their homes, which can be used to fund future moves, as evidenced by data from the Federal Housing Finance Agency (FHFA).
While home prices vary by area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who’s owned their home for 30 years saw it almost triple in value over that time.
Whether you’re looking to downsize, relocate to a dream destination, or move so you live closer to friends or loved ones, that equity can help.
Partnering with The New England Real Estate Company: Your Gateway to Seamless Transactions
When it comes to making real estate moves, it’s essential to have a trusted partner by your side. That’s where The New England Real Estate Company steps in. With decades of experience and a commitment to client satisfaction, we’ve helped countless individuals and families navigate the intricacies of buying, selling, and investing in properties across the mid-coast.
Your Next Step Towards a Fulfilling Retirement
Don’t let your equity sit idle. It’s time to explore the possibilities and make your retirement dreams a reality. Get in touch with The New England Real Estate Company today and let us be your guide on this exciting journey.