For a growing number of homeowners, retirement is no longer a "someday" plan, it’s becoming a reality. According to recent data from Realtor.com and the U.S. Census Bureau, nearly 12,000 people will turn 65 every day for the next few years.
At Reserve 76 Realty, we are seeing this demographic shift firsthand. As Heather Shimala and her team assist clients across North Texas, more residents are asking: Is my current house still the right fit for my next chapter?
Why Homeowners Are Making the Move
Downsizing isn’t about "living with less", it’s about gaining more. According to data from Keeping Current Matters and the National Association of Realtors (NAR), the top four reasons homeowners over 60 are moving right now are rooted in lifestyle:
- Prioritizing Loved Ones: Moving closer to family to maximize quality time.
- Ease of Living: Seeking a functional, manageable space (like a single-story home) with fewer stairs and less maintenance.
- Newfound Freedom: Retirement means you can choose a location based on where you want to be, not where your commute dictates.
- Lower Expenses: Reducing monthly costs for utilities, insurance, and upkeep.
The Financial Advantage: Leveraging Your Equity
The most exciting part of this trend for homeowners in the 76226 market is the "equity cushion." While the market has evolved, longtime homeowners are sitting on a significant advantage.
National data from CoreLogic shows that the average homeowner currently has approximately $299,000 in home equity. For those who have lived in their homes for decades, that number is often significantly higher. As Heather Shimala often advises her clients, this equity can often be used to purchase a smaller, luxury home for cash or with a very small mortgage, effectively "locking in" a lower cost of living.
Why Choose Reserve 76 Realty?
Navigating a move after 20 or 30 years in the same home requires more than just a real estate agent; it requires a consultant who understands the emotional and financial stakes. Reserve 76 Realty specializes in helping Argyle, Lantana, Bartonville, Corinth, Roanoke, Trophy Club and Southlake homeowners transition from their large family estates into homes that better serve their current lifestyle.
Bottom Line
If retirement is on your horizon, the first step is understanding your options. Downsizing is a chance to trade heavy maintenance for simplicity and peace of mind.
Are you curious about how much equity you’ve built in your Argyle home? Contact Heather Shimala at Reserve 76 Realty today for a personalized home equity report and let’s see if a move makes sense for your future.
