Are all the kids moved out and you have the house to yourself? Are you planning on retiring where you are or do you want to move somewhere more desirable? Are you living in a home that's beyond what you can care for?

Is there a way for you to match your current needs with your future goals?  The answer for you might be the equity you have in your house.

CoreLogic states in their Equity Report that the average homeowner has gained $14,000 in equity over the past year.  And the farther west you go, the higher it can be! So the question is, do you know how much your home has appreciated?

If your someone who's looking to find a smaller place to live, you could sell your home and use the profit to buy a smaller home or condo, while eliminating some of the maintenance of a larger home.

If you want to buy a vacation home, you could use the additional cash from the sale of your home to make a down payment on a vacation home in a place where you want to retire. If you can't afford to live there full-time, then you can rent it out during peak vacation times and pay off the mortgage faster.

Purchasing your retirement home now will allow you to take full advantage of today’s seller’s market, allow you to cash in on the equity you have already built, and take comfort in knowing that a plan is in place for a smooth transition into retirement.

There are many reasons to relocate in retirement, including a change in climate, proximity to family and grandchildren, and so much more. What are the reasons you want to move? Are the reasons to stay more important? Meet with a local real estate professional who can perform an equity evaluation to determine your options, today!