While no one has a crystal ball, most projections do not foresee a strong rise in real estate values soon. As a Broker, I am always concerned with the financial aspects of home ownership. But, a home is not just an investment. Where you live shapes your life. Your home is where you share time with family, friends, and build your memories.
You could wait a few years to sell and find out that the financial landscape changed minimally, but you missed out on a few years of the lifestyle you wanted. If you believe that a move to an active adult community will provide you with activities, joy, and connections to existing or new friends, there is value there also.
If you move to an adult community and 3 years from now, real estate values went up, but you loved the life you had, would it be worth it? Also, if real estate values go up, your new adult community home may appreciate also.
Where do you want to live? What lifestyle do you want? Does an active adult community offer that to you? For some, the answer will be yes; others no.
Best of Luck.
Deborah Madey - Broker
Peninsula Realty Group, Inc.