{"id":9148,"date":"2023-09-11T06:30:00","date_gmt":"2023-09-11T10:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9148"},"modified":"2023-09-11T06:30:00","modified_gmt":"2023-09-11T10:30:00","slug":"planning-to-retire-your-equity-can-help-you-make-a-move","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9148","title":{"rendered":"Planning to Retire? Your Equity Can Help You Make a Move"},"content":{"rendered":"
\"Planning<\/p>\n

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<\/a> and finding a home better suited for your evolving needs<\/a>.<\/p>\n

Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.<\/p>\n

Consider How Long You\u2019ve Been in Your Home<\/strong><\/h4>\n

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

<\/a>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\u2019s natural for you to experience changes in your life while you\u2019re 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.<\/p>\n

Consider the Equity You\u2019ve Gained<\/strong><\/h4>\n

And, if you\u2019ve been in your home for more than a few years, you\u2019ve likely built-up substantial equity<\/a> that can fuel your next move. That\u2019s because you gain equity<\/a> as you pay down your loan and as home prices appreciate<\/a>. And, the longer you\u2019ve been in your home, the more you may have gained<\/a>. Data<\/a> from the Federal Housing Finance Agency<\/em> (FHFA) illustrates that point (see graph below<\/em>):\u00a0<\/p>\n

<\/a>While home prices<\/a> vary by area, the national average shows the typical homeowner who\u2019s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who\u2019s owned their home for 30 years saw it almost triple in value over that time.<\/p>\n

Whether you\u2019re looking to downsize<\/a>, relocate to a dream destination<\/a>, 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<\/a> can work with you to find the best option. They\u2019ll help you sell your current house and guide you as you buy the home that\u2019s right for you and your lifestyle today.<\/p>\n

Bottom Line<\/h3>\n

As you plan for your retirement, connect with a local real estate agent to find out how much equity you\u2019ve built up over the years and plan how you can use it toward the purchase of a home that fits your changing needs.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"Planning<\/p>\n

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities.<\/p>\n<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,123,85,133],"tags":[],"class_list":["post-9148","post","type-post","status-publish","format-standard","hentry","category-blog","category-demographics","category-for-sellers","category-selling-myths"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9148"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9148\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}