February 15, 2023By Isabel Guzman, Realtor®Video TranscriptionAttention all Baby Boomers, are you planning on retiring? Great news, your home equity can actually help you achieve your goal! Hi,&
Goodbye Tension, Hello Pension
Dated: March 20 2023
Views: 70
February 15, 2023
By Isabel Guzman, Realtor®
Video Transcription
Attention all Baby Boomers, are you planning on retiring? Great news, your home equity can actually help you achieve your goal! Hi, I’m Isabel Guzman broker assoicate and realtor with exp realty. Whether you have just retired or are thinking about retiring, you may realize your current home may no longer suit your new lifestyle.
It may be time to sell. According to research from the Retirement Industry Trust Association, the typical retirement age is 65 years old, and most homeowners have built up enough home equity
to help with this next phase of their lives. It may be time to downsize, move closer to family, or purchase a home in your dream destination that is less expensive and with a better climate. Your current home equity may help you achieve that goal. According to the National
Association of Realtors, “A homeowner who purchased a typical home five years ago would have gained $125,300 (one hundred twenty five thousand three hundred dollars) from just price appreciation alone.” Of course, if you have been in your home much longer, that number can be significantly higher. As always, there can be some risk, given home equity is such a big part of someone’s net worth and your biggest asset. It’s best to consult with a trusted real estate professional who can help determine the best options for you as you move into the golden years of retirement. Please feel free to contact us with any questions so we can help you make an informative decision in today’s market. I'm Isabel Bringing you home
Isabel Guzman
My first love is being a mom to three beautiful children and two rescue fur babies. I also love to explore our community with my husband of 20 years. In my free time, I like to volunteer, spend time w....
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