Does your future plans include sell your house and move?
Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your lifestyle? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs?
How can you line up your current needs with your goals and dreams for the future? The answer for many migh be in the equity you have in your house.
According to the latest Equity Report from CoreLogic, the average homeowner in the United States gained $14,000 in equity over the course of the last year. On the West Coast, homeowners gained twice that amount, with homeowners in Washington gaining an average of $38,000!
Do you know how much your home has appreciated over the last year?
Many homeowners would be able to easily sell their current house and use the profits from that sale to buy a condo nearby in order to continue working while eliminating some of the daily maintenance of owning a house.
With the additional cash gained from the sale of the house, you could put down a sizeable down payment on a vacation/retirement home in the location that you would like to eventually retire to. While you will not be able to live there full-time, you can rent out your house during peak vacation times and pay off your mortgage faster.
Buying your retirement home now will allow you to take full advantage of today’s seller’s market, allow you to cash in on the equity you have already built in your house, and take comfort in knowing that a plan is in place for a smooth transition into retirement.
There are many reasons to relocate in retirement, including a change in climate, proximity to family & grandchildren, and so much more. What are the reasons you want to move? Are the reasons to stay more imporant? Let’s get together with a Help-U-Sell Real Estate Agent to discuss your current equity situation and the options available for you.
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