Tami Savage, Realtor

Your Key to a New Lifestyle

  • Search for Homes
  • Blog
  • About
  • Contact
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

Planning to Retire? It Could Be Time To Make a Move.

December 15, 2022 By Tami Savage

Planning to Retire? It Could Be Time To Make a Move.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision.

Consider How Long You’ve Been in Your Home

From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):

Homeowners are Living in their Homes Longer in  Recent Years

When you live in a home for a significant period of time, it’s natural for you to experience a number of 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

Additionally, if you’ve been in your home for more than a few years, you’ve likely built up significant equity that can fuel your next move. That’s because the longer you’ve been in your home, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):

How Home Prices Have Grown over Time

While home price growth varies by state and local area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by over 50%. And the average homeowner who’s owned their home for 30 years saw it almost triple in value over that time.

Consider Your Retirement Goals

Whether you’re looking to downsize, relocate to a dream destination, or move so you live closer to loved ones, that equity can help you achieve your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones. Plus, retirement played a large role for those moving greater distances.

Whatever your home goals are, a trusted real estate advisor 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

Retirement can bring about major changes in your life, including what you need from your home. Let’s connect to explore your opportunities.

Tagged With: Baby Boomers, Demographics, For Sellers, Move-Up Buyers, Senior Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Free eGuide. Things to Consider When Buying a Home. Send me this eGuide.

Free eGuide. Things to Consider When Selling Your House. Send me this eGuide.

A Guide to Buying Your First Home. Send me this eGuide.

Tags

Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials money Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Veterans Video

Free eGuide. Things to Consider When Selling Your House. Send me this eGuide.

Free eGuide. Things to Consider When Buying a Home. Send me this eGuide.

Tags

Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials money Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Veterans Video

Designations & Certifications

🏡✨ Discover the joys of homeownership! Our la 🏡✨ Discover the joys of homeownership! Our latest infographic highlights three major reasons to be thankful for owning a home:

1. Your personal safe haven.
2. A space that reflects YOU.
3. A community of friends and neighbors.

Ready to find your dream home? DM me to start your journey!

https://tamisavage.com/why-homeowners-feel-thankful-for-their-homes-infographic/
Home is where the heart is, and homeowners know it Home is where the heart is, and homeowners know it best! 🏠💖 Here's why many are thankful:

🕊️ A sanctuary of peace.
🎨 Your personal expression zone.
🤗 A community connector.
🎉 A memory maker.

Ready to find your own slice of happiness? DM me to start your home-buying journey.

https://tamisavage.com/why-homeowners-are-thankful-they-own/
🍁 Home prices got you puzzled? It's all about s 🍁 Home prices got you puzzled? It's all about seasonality! 📊 While some say prices are dropping, the truth is, they're just following the usual yearly pattern.

🌸 𝐒𝐩𝐫𝐢𝐧𝐠 = Peak demand
☀️ 𝐒𝐮𝐦𝐦𝐞𝐫 = High activity
🍂 𝐅𝐚𝐥𝐥/𝐖𝐢𝐧𝐭𝐞𝐫 = Slower growth

It's normal, and it's happening now. No drastic drops, just a more moderate rise. For the real scoop on local home prices and how this impacts your plans, DM me.

#HomePrices #MarketSeasonality #RealEstateFacts #DontBelieveTheHype #HomeBuyingAndSelling
Feeling lost in the housing market buzz? 🌐 Let’s break down the big three questions:
📈 Mortgage Rates: Expected to stabilize as inflation eases.
🏠 Home Prices: Still growing, but at a more normal pace.
💬 Recession Talk: Becoming less likely according to experts.

Navigating the market doesn’t have to be confusing. DM me to discuss your real estate plans as we approach the new year.

https://tamisavage.com/are-the-top-3-housing-market-questions-on-your-mind/
📈 Home inventory update! While there's a bit mo 📈 Home inventory update! While there's a bit more on the market now, we're still far from pre-pandemic levels.

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠? More options, but stay ready for competition.
𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐞𝐥𝐥? It's still a great time to make your move.

Let’s talk strategy for today’s market. DM me for the latest insights and personalized advice!
Ever wonder if big investors are scooping up all t Ever wonder if big investors are scooping up all the homes? 🏡🔍 Here’s the breakdown: Out of 82 million single-family homes in the U.S., most are owned and lived in by individuals, not investors.

👉 Don’t let the myths scare you. There’s room for you in the housing market. Questions? DM me for real insights and guidance on your path to homeownership.

https://tamisavage.com/is-wall-street-buying-up-all-the-homes-in-america/
🎁✨ Thinking of selling your home this holiday 🎁✨ Thinking of selling your home this holiday season? Here's why you shouldn't wait:

1. Holiday buyers mean business.
2. Less competition, more demand.
3. Control over showing times.
4. Holiday cheer adds a special touch.

Ready to make a move? DM me to find out how we can get your home on the top of buyers' wish lists this season.

https://tamisavage.com/is-your-house-the-top-thing-on-a-buyers-wish-list-this-holiday-season/
🔮🏠 Wondering what 2024 has in store for the 🔮🏠 Wondering what 2024 has in store for the housing market? Experts say home prices are on the rise, and sales are set to increase too!

For those buying or selling, this means more opportunities and a robust market. Let's make your home dreams a reality next year. DM me to discuss the latest forecasts and plan your move!

See the infographic: https://tamisavage.com/2024-housing-market-forecast-infographic/
Load More Follow on Instagram
The Summer Guides for Buying and Selling a Home are Here.

To get the latest digital copy, go to https://tamisavage.com/the-spring-guides-for-buying-and-selling-a-home-are-here/
The Spring Guides for Buying and Selling a Home Are Here
How you price your house will make a big difference to not only your bottom line, but to how quickly it could sell. Let’s connect to figure out the ideal price for your house.
Price Your House Right When You Sell
Getting pre-approved is an important first step toward buying a home. Let’s connect so you have the right tools to buy a home in today’s market.

Data Source:
 • https://www.forbes.com/advisor/mortgages/what-it-takes-to-be-preapproved-for-a-mortgage-and-why-it-matters/
The Importance of Pre-Approval
There are many reasons why it’s easy to fall in love with homeownership. If you’re ready to find the home of your dreams, let’s connect.
Why It's Easy To Fall in Love with Homeownership
You can have the home you want without waiting for the perfect home to come onto the market.

SOURCE for Data in Video: 
 • https://themreport.com/news/data/08-29-2022/homebuyers-compromise
Create Your Perfect Home by Perfecting It After You Purchase
Before buying a home, it’s a good idea to know why homeownership is important to you. Let’s connect to discuss your why and prioritize your next steps.

SOURCE for Data in Video: 
 • https://himaxwell.com/resources/ebooks-white-papers/1h-2022-millennial-genz-borrower-sentiment-report/#downloadnow
Top Reasons Why You May Want To Buy a Home
There’s a lot going on in the housing market right now. 

You can get the latest digital copy from my website post: https://tamisavage.com/the-winter-guides-for-buying-or-selling-a-home-are-here/
The Winter Guides for Buying or Selling a Home Are Here
There’s good reason to make your move right now if you’re ready to sell. Let’s connect to talk about the benefits of selling your house this season.
5 Reasons To Sell Your House This Winter
Rents have risen dramatically for over three decades. Let’s connect so you can have expert advice on your side to help you reach your homeownership goals.

Data Source: 
 • http://www.census.gov/housing/hvs/files/currenthvspress.pdf
Avoid the Rental Trap
Load More... Subscribe

Let’s Connect

770-744-2524‬ or
(888) 959-9461 x2543

Digitial Business Card

 

Calculate Mortgage Payments

www.mlcalc.com/mortgage-calculator/
Copyright © 2019+ Tami Savage LLC. All Rights Reserved. Privacy Policy

DISCLAIMER: The information contained, and the opinions expressed, on this site are NOT intended to be construed as legal or financial advice. Tami Savage does NOT guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as legal or financial advice. You should ALWAYS conduct your own research and due diligence and obtain professional advice before making any legal or financial decisions. Tami Savage will NOT be liable for any loss or damage caused by your reliance on the information or opinions contained herein.