Attention all Baby Boomers, are you planning on retiring? Great news, your home equity can actually help you achieve your goal!
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty… and I sell homes in Oakland, Berkeley, and the East Bay on both sides of the tunnel.
Whether you have just retired or are thinking about retiring, you may realize your current home may not 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, like myself, who can help determine the best options for you as you move into the golden years of retirement. Please feel free to contact my team and I with any questions so we can help you make an informative decision in today’s market.
And if you’re thinking about selling, ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them offering my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?