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Robert M. Bradbury
REALTOR®, Member NAR, Member NYSAR
(518) 506-6675 Primary
Licensed Real Estate Salesperson
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Articles and Advice

Retiring Soon? How To Decide If You Should Sell Your Home

Selling your home upon retirement is a question millions of people grapple with. While it might seem logical to scale down when you retire, is it really the best option? 

There's no "one size fits all" solution for selling your home. Most people will find there are pros and cons to the choice they have to weigh before making a decision.

  • Pro: Selling Can Give You Retirement Income
    If you've worked hard to build equity in your house, selling it could be exactly the step you need to take to ensure a comfortable retirement. Plus, if you've been living in the home consistently in recent years, you may be eligible to shield much of the sale's proceeds from taxation. This can be the solution for retirees who find themselves without enough savings.

  • Pros: Selling Means Fewer Recurring Costs
    No matter how well-maintained your home is, there'll always be costs involved in keeping it running. Your HVAC system, plumbing, electrical wiring, and much more can all fail without much warning. By selling, you avoid all these inevitable challenges of home ownership. Plus, you may find that you can reduce the overall costs of your utilities.

  • Pros: Selling May Mean More Accessible Accommodations
    With age, many people face security and safety concerns they did not have in their youth. One of the most serious ones is the risk of a serious slip and fall, particularly when your home has many stairs. The cost of remodeling a home to make it more comfortable in retirement may be greater than what you are willing to invest in your retirement income.

  • Pros: Selling May Mean More Flexibility in Retirement
    Your desires in retirement might be very different from what you wanted from your home years or decades ago. You might want to move closer to relatives, for example, get into a community more in keeping with your needs, or even move to another country. In all these situations and more, maintaining your home can make it harder for you to focus on the present.

  • Cons: Renting May Not Be Worth It
    One of the biggest questions about selling is whether it makes financial sense. While your home might be appreciating in value, the cost of rent in your community is probably rising as well. If you know where you want to live after selling, take a close look at the nearby housing and the financial resources it will take for you to live comfortably there.

  • Cons: Sentimental Value Matters
    By the time they reach retirement, many people have spent decades in one home. There's simply no way to put a price on the sentimental value such a property can offer. It may make more sense to keep the home in the family if you consider it an important part of your legacy. This may be a matter to bring up with adult children or others with a close connection to the place.

  • Cons: It May Not Be the Right Time for Selling Your Home
    If your home is appreciating in value — or a minor improvement could substantially raise its sale price — it may be worth it to wait a little longer before making your move. In a "seller's market," a delay of just three months can make a big difference in what you can expect from your sale. If conditions are ideal, it may make sense to wait six months or even another year.

Ultimately, selling your home is a deeply personal decision. It's best made with input from a real estate agent you can rely on.

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If your property is currently listed with a Realtor, please disregard this notice. It is not our intention to solicit the offerings of other Brokers. All information deemed reliable but not guaranteed. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/04/2022. The listing information on this page last changed on 12/04/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of HGMLS (last updated Mon 03/23/2020 8:14:21 PM EST) or Global MLS (last updated Sun 12/04/2022 4:07:18 PM EST) or New York State Alliance MLS (last updated Sun 12/04/2022 4:12:20 PM EST) or Columbia Greene Northern Dutchess MLS (last updated Sun 12/04/2022 4:15:27 PM EST) or Southern Adirondack MLS (last updated Thu 05/02/2019 1:26:01 PM EST) or Otsego-Delaware MLS (last updated Sun 12/04/2022 4:12:16 PM EST) or Hudson Valley Catskill Region MLS (last updated Sun 12/04/2022 4:11:19 PM EST) or OneKey MLS (last updated Sun 12/04/2022 4:10:37 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --


If your property is currently listed with a Realtor, please disregard this notice. It is not our intention to solicit the offerings of other Brokers. All information deemed reliable but not guaranteed.

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