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    <option value="luxury-market"> Luxury Market </option>
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Real Estate withMARIA XANTHAKIS
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Maria XanthakisRealtor



PLANNING TO RETIRE? YOUR EQUITY CAN HELP YOU MAKE A MOVE

Monday September 11th, 2023 For Sellers, Demographics, Selling Myths


Reaching retirement is a significant milestone in life, bringing with it a lot
of change and new opportunities. As the door to this exciting chapter opens, one
thing you may be considering is selling your house and finding a home better
suited for your evolving needs.

Fortunately, you may be in a better position to make a move than you realize.
Here are a few reasons why.

CONSIDER HOW LONG YOU’VE BEEN IN YOUR HOME

From 1985 to 2009, the average length of time homeowners stayed in their homes
was roughly six years. But according to the National Association of Realtors
(NAR), that number is higher today. Since 2010, the average home tenure is just
over nine years (see graph below):

This means many homeowners have been living in their houses even longer in
recent years. When you live in a home for such a significant amount of time,
it’s natural for you to experience changes in your life while you’re in that
house. As those life changes and milestones happen, your needs may change. And
if your current home no longer meets them, you may have better options waiting
for you.

CONSIDER THE EQUITY YOU’VE GAINED

And, if you’ve been in your home for more than a few years, you’ve likely
built-up substantial equity that can fuel your next move. That’s because you
gain equity as you pay down your loan and as home prices appreciate. And, the
longer you’ve been in your home, the more you may have gained. Data from the
Federal Housing Finance Agency (FHFA) illustrates that point (see graph below): 

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. Whatever your
home goals are, a trusted real estate agent can work with you to find the best
option. They’ll help you sell your current house and guide you as you buy the
home that’s right for you and your lifestyle today.




BOTTOM LINE



As you plan for your retirement, let’s connect so we can find out how much
equity you’ve built up over the years and plan how you can use it toward the
purchase of a home that fits your changing needs.



Home Price Forecasts Revised for 2023 [INFOGRAPHIC] What Experts Project for
Home Prices Over the Next 5 Years
Maria Xanthakis Realtor Seven Gables Real Estate (714) 785-8914
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THINGS TO CONSIDER WHEN SELLING YOUR HOUSE

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CATEGORIES

Select Category Internal Holidays Baby Boomers Luxury Market Millennials Move-Up
Buyers New Construction Pricing Rent vs. Buy For Sellers Selling Myths Senior
Market Interest Rates Infographics Housing Market Updates For Buyers Buying
Myths Demographics Distressed Properties Down Payments Featured First Time Home
Buyers Foreclosures FSBOs Generation X Uncategorized
The information contained, and the opinions expressed, in this article are not
intended to be construed as investment advice. Maria Xanthakis and Keeping
Current Matters, Inc. do not guarantee or warrant the accuracy or completeness
of the information or opinions contained herein. Nothing herein should be
construed as investment advice. You should always conduct your own research and
due diligence and obtain professional advice before making any investment
decision. Maria Xanthakis and Keeping Current Matters, Inc. will not be liable
for any loss or damage caused by your reliance on the information or opinions
contained herein.
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