Planning To Retire? Your Equity Can Help You Reach Your Goal.

Abstract

If your home doesn't have the features or benefits you're looking for, the good news is, you may be in a better position to move than you realize. That's because, if you already own a home, you've likely built-up significant equity, and that can help you fuel your next move. According to the National Association of Realtors: "A homeowner who purchased a typical home five years ago would have gained $125,300 from just price appreciation alone." In fact, over the last twelve months, CoreLogic reports the average homeowner in the United States gained roughly $64,000 in equity due to home price appreciation. Whether you want to downsize, move closer to loved ones, or buy a home in a dream destination, your equity can help get you there. To find out how much equity to have in your home, reach out to a trusted real estate professional today. Bottom Line Retirement is a big step and so is buying or selling a home. As you move into this new phase of life, a trusted real estate advisor can guide you through the process as you sell your current home and give you expert advice as you buy one that'll better suit your needs.