At Laffey Real Estate, our real estate agents have helped thousands of clients make the right real estate moves to support their retirement lifestyle. For many, that means downsizing to a smaller, more manageable home.
But if you already own your home, deciding what to do next is a little bit more complicated.
For decades, people have used their homes as a durable vessel to create financial value. About 75% of the average America's wealth is stored as equity value in the home. Selling a home may empower you with a substantial infusion of cash, but it is not the right move for everybody.
Current homeowners can generate income with their home or even access equity without selling. So, how do you know whether you should sell or stay? Keep these factors in mind as you plan your decision.