If you're in a similar situation, it's worth assessing whether your current home meets your evolving needs. The good news is that if you already own a home in Central Arkansas, you likely have substantial equity that can support your next move. The National Association of Realtors indicates that a typical homeowner who bought a house five years ago would have gained $125,300 in price appreciation alone. Moreover, CoreLogic reports an average homeowner in the United States gained about $64,000 in equity over the past year due to home price appreciation.
Leveraging your equity can help you achieve your homeownership goals, whether that involves downsizing, moving closer to loved ones, or purchasing a dream home in a desired location. It may cover some or all of the down payment required for a new home that better suits your changing needs.
To determine the amount of equity you have in your Central Arkansas home, it's advisable to consult a trusted real estate professional who can provide expert guidance.
In conclusion, retirement is a significant milestone, as is the process of buying or selling a home. As you embark on this new phase of life in Central Arkansas, it's crucial to connect with an expert who can assist you in selling your current home and offer invaluable advice as you search for a new home that caters to your evolving requirements.
