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386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Retiring Soon? Why Moving Might Be the Perfect Next Step

Retiring Soon? Why Moving Might Be the Perfect Next Step Simplifying The Market

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.

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):

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.

How Much Equity You’ve Gained

Additionally, if you’ve been in your house 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 house, 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):

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 nearly 60%. And the average homeowner who’s owned their home since 1991 saw it more than triple in value over that time.

Consider Your Retirement Goals

Whether you’re looking to downsize, relocate to a dream destination, or simply be closer to loved ones, your home equity can be a key to realizing your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones.

Whatever your home goals are, a trusted real estate agent can work with you to find the best option. They’ll help you sell your current house and guide you through buying the home that’s right for your lifestyle today.

Bottom Line

Retirement can bring about major changes in your life, including what you need from your home. Connect with a local real estate agent to explore the available homes in your area.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
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$799,000
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TOTAL BATHS
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580 Rio Vista Avenue Daytona Beach, FL 32114
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Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
10 Cantilever Court Ormond Beach FL 32174
New Listing - 4 hours on site
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$539,900
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10 Cantilever Court Ormond Beach, FL 32174
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Discover comfort and style in this immaculate, beautifully maintained home in the desirable community of Hunters Ridge! This spacious two story property sits on a quiet cul-de-sac and offers the perfect blend of privacy, functionality and charm. This

Listing courtesy of Angela Koulouris of Keller Williams Realty Florida Partners
83 Reverie Drive N Palm Coast FL 32137
New Listing - 4 hours on site
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$715,000
4
BEDS
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TOTAL BATHS
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83 Reverie Drive N Palm Coast, FL 32137
Single Family Residence For Sale
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Save the time of building and move right in to this practically brand new custom-built home that feels like new! This incredible 4-bedroom plus office, 2.5-bath, 3-car garage home is perfectly positioned on a premier private lake lot in the highly de

Listing courtesy of Rose Roberts of Realty Pros Assured
946 Stone Lake Drive Ormond Beach FL 32174
New Listing - 4 hours on site
1 / 56
$759,000
3
BEDS
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2,361
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946 Stone Lake Drive Ormond Beach, FL 32174
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If you're searching for a pristine home featuring an abundance of upgrades, a solar-heated pool, and a spacious 3-car garage, all nestled in a premier gated golf community, look no further! This exquisite residence offers a seamless blend of elegance

Listing courtesy of Tracey Klein of Florida Homes Realty & Mortgage

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Related posts:

  1. Planning to Retire? It Could Be Time To Make a Move.
  2. Are Grandparents Moving To Be Closer to Their Grandkids?
  3. Planning to Retire? Your Equity Can Help You Make a Move
  4. The Perfect Home Could Be the One You Perfect After Buying

Posted in: Baby Boomers, Blog, Demographics, For Sellers

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
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  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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