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Senior Housing • Senior Real Estate Specialist • February 21, 2025

To sell or not to sell, that is the first question

by Eugene "Jim" Hills

Taking time to weigh options can help determine whether it is better to sell of keep a home.

Many homeowners in the baby-boom generation are living in goldmines.

In the U.S., 38 percent of residential real estate owned is by those age 60-78. That group of homeowners have built and incredible level of home equity—72.7% of total residential real estate value, the highest since 1958.

While those are impressive numbers, the big question is: Is it time to cash out or hold on?

For some, selling in today’s market could mean funding retirement, downsizing to a simpler lifestyle, or finally taking that dream trip. For others, staying put might feel more comfortable, especially with rising home prices and fewer properties on the market.

Here are some factors to consider when making a personal decision:

Downsizing

  • This could free up cash and reduce maintenance, giving you more time and resources for what matters most.

Staying put

  • This might make sense if your home still brings joy and stability.
  • Home equity may also be used to secure a loan or line of credit.

Safety and lifestyle

  • Are you interested in adding age-friendly modifications to your current home?
  • Do you want to move closer to family or somewhere with better weather?
  • How do you feel about senior housing communities?

For more tips on how to decide when to sell or keep your home, check out this article at usnews.com.

#SRES #seniorrealestatespecialist #realestateforseniors

SRES, senior real estate specialist, real estate for seniors

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