Planning to Retire? It Could Be Time To Make a Move.

Planning to Retire? It Could Be Time To Make a Move. | MyKCM

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision.

Consider How Long You’ve Been in Your Home

From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):

Planning to Retire? It Could Be Time To Make a Move. | MyKCM

When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your life while you’re in that house. As those life changes and milestones happen, your needs may change. And if your current home no longer meets them, you may have better options waiting for you.

Consider the Equity You’ve Gained

Additionally, if you’ve been in your home for more than a few years, you’ve likely built up significant equity that can fuel your next move. That’s because the longer you’ve been in your home, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):

Planning to Retire? It Could Be Time To Make a Move. | MyKCM

While home price growth varies by state and local area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by over 50%. And the average homeowner who’s owned their home for 30 years saw it almost triple in value over that time.

Consider Your Retirement Goals

Whether you’re looking to downsize, relocate to a dream destination, or move so you live closer to loved ones, that equity can help you achieve your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones. Plus, retirement played a large role for those moving greater distances.

Whatever your home goals are, a trusted real estate advisor can work with you to find the best option. They’ll help you sell your current house and guide you as you buy the home that’s right for you and your lifestyle today.

Bottom Line

Retirement can bring about major changes in your life, including what you need from your home. Let’s connect to explore your opportunities in our local market.

You May Have More Negotiation Power When You Buy a Home Today

You May Have More Negotiation Power When You Buy a Home Today | MyKCM

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers.

And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market.

1. The Return of Contingencies

Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal or the inspection, in hopes of gaining an advantage in a bidding war.  But now, things are different.

The latest data from the National Association of Realtors (NAR) shows the percentage of buyers waiving their home inspection or appraisal is down. And a recent article from points out more sellers are accepting contingencies:

“A year ago, sellers were calling all the shots and buyers were launching legendary bidding wars, waiving contingencies, and paying for homes in cash. But now, the shoe is on the other foot, and 92% of home sellers are accepting some buyer-friendly terms (frequently related to home inspections, financing, or appraisals), . . .”

This doesn’t mean we’re in a buyers’ market now, but it does mean you have a bit more leverage when it comes time to negotiate with a seller. The days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close.

2. Sellers Are More Willing To Help with Closing Costs

Before the pandemic, it was a common negotiation tactic for sellers to cover some of the buyer’s closing costs to sweeten the deal. This didn’t happen as much during the peak buyer frenzy over the past two years.

Today, data suggests this is making a comeback. A survey shows 32% of sellers paid some or all of their buyer’s closing costs. This may be a negotiation tool you’ll see as you go to purchase a home. Just keep in mind, limits on closing cost credits are set by your lender and can vary by state and loan type. Work closely with your loan advisor to understand how much a seller can contribute to closing costs.

Bottom Line

Despite the extremely competitive housing market of the past several years, today’s data suggests negotiations are starting to come back to the table. To find out how the market is shifting in Bethany Beach Delaware, let’s connect today.

Why now may NOT be a great time to buy Real Estate

In reality, it might NOT be a great time to buy a home!

This may come as a shock (sarcastically speaking) BUT, buying a home isn’t for everyone in every season of life! For many, now ISN’T a great time to buy a home. In other cases, last year wasn’t a great time to buy. For others, next year won’t be a great time, either! So, hearing “now is a perfect time to buy a home” on an endless repeat can be a bit daunting, if it’s not within the cards for you at this point in time!

That’s why we are here to share as much information as possible, hopefully help you gain knowledge, and maybe a different perspective. Realistically speaking, buying a home is no easy task – no matter what market we’re in! Affordability is a challenge! Although the 2020 market had lower rates, buyers were offering 10’s of thousands of dollars OVER asking price. Now, the rates are higher… causing a different obstacle for some buyers… BUT not all!

If you’re in a financial position to buy AND at a point in your life that homeownership just makes sense, there truly are some great advantages in the current market that weren’t available in the last few years! There are so many opportunities to succeed, and to find the home of your dreams.

Ready to make the move? If you’re considering moving within the next few years and have questions about finances, let’s talk! Our team can help make sure you’re on track to make the right move when YOU are ready. 2023 is just around the corner, why not start planning now? Connect with our team!

Keep up with The Ashley Brosnahan Team on our other channels:

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities. | MyKCM

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.

An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the housing supply we had at that time.

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities. | MyKCM

Opportunity #1: Take Advantage of More Options for Your Move

If your current house no longer meets your needs or lacks the space and features you want, this inventory growth gives you even more opportunity to sell and move into the home of your dreams. With more houses on the market, you’ll have more to choose from when you search for your next home.

Partnering with a local real estate professional can help you make sure you’re up to date on the homes available in your area. And when you do find the one, a professional can advise you on how to write a winning offer.

Opportunity #2: Sell While Inventory Is Still Low Overall

But again, despite the growth, inventory is still low compared to more normal years, and that isn’t going to change overnight. For you, that means your house should still be in demand among potential buyers if you price it right.

As an article from says:

“Today’s shoppers generally have more homes to consider than last year’s shoppers did, but the market is still not back to pre-pandemic inventory levels.”

Bottom Line

If you’re a homeowner looking to sell, you have more homes to choose from and can still sell your house while inventory is low overall. Let’s connect to get started, so you can have the best of both worlds.

What Every Seller Should Know About Home Prices

What Every Seller Should Know About Home Prices | MyKCM

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.

What’s Really Happening with Home Prices?

It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest data from S&P Case-Shiller to help tell the story of what’s actually happening in the housing market today:

What Every Seller Should Know About Home Prices | MyKCM

As the graph shows, it’s true home price growth has moderated in recent months (shown in green) as buyer demand has pulled back in response to higher mortgage rates. This is what the headlines are drawing attention to today.

But what’s important to notice is the bigger, longer-term picture. While home price growth is moderating month-over-month, the percent of appreciation year-over-year is still well above the home price change we saw during more normal years in the market.

The bars for January 2019 through mid-2020 show home price appreciation around 3-4% a year was more typical (see bars for January 2019 through mid-2020). But even the latest data for this year shows prices have still climbed by roughly 10% over last year.

What Does This Mean for Your Home’s Equity?

While you may not be able to capitalize on the 20% appreciation we saw in early 2022, in most markets your home’s value, on average, is up 10% over last year – and a 10% gain is still dramatic compared to a more normal level of appreciation (3-4%).

The big takeaway? Don’t let the headlines get in the way of your plans to sell. Over the past two years alone, you’ve likely gained a substantial amount of equity in your home as home prices climbed. Even though home price moderation will vary by market moving forward, you can still use the boost your equity got to help power your move.

As Mark Fleming, Chief Economist at First Americansays:

Potential home sellers gained significant amounts of equity over the pandemic, so even as affordability-constrained buyer demand spurs price declines in some markets, potential sellers are unlikely to lose all that they have gained.”

Bottom Line

If you have questions about home prices or how much equity you have in your current home, let’s connect so you have an expert’s advice.

Homeownership Is an Investment in Your Future

Homeownership Is an Investment in Your Future | MyKCM

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains:

The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.”

If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you may gain in the long run.

There’s a lot of information out there about how homeownership helps build a homeowner’s net worth over time. But even today, many people think first about things like 401(k)s before they think of owning a home as a wealth-building tool. It’s especially important if you’re a young prospective homebuyer to understand how homeownership is another key way to invest in your future. An article from Bloomberg notes:

“Millennials have higher average 401(k) balances than Generation X did when they were the same age, but they’re not any better off financially. . . . A lot of that has to do with being less likely to own a home.”

To help you understand just how much owning a home can have a positive impact on your life over the years, take a look at what the data shows. The same Bloomberg article helps show the gap in wealth between renters and homeowners who are 65 years and older (see graph below). The difference is substantial, even when incomes are similar.

Homeownership Is an Investment in Your Future | MyKCM

So, if you want to create wealth to help set you up for success later on, it may be time to prioritize homeownership. That’s because, whether you decide to rent or buy a home, you’ll have a monthly housing expense either way. The question is: are you going to invest in yourself and your future, or will you help someone else (your landlord) increase their wealth?

Bottom Line

Before putting your homeownership plans on hold, let’s connect to go over your options. That way, you’ll have expert advice on how to make the best decision right now and the best investment in your future. Contact our team today to learn more!

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.



Statistically FSBO’s sell for less…according to a National Association of Realtors study the median sale price for a FSBO was $58,000 less than an agent assisted sale!

FSBO often takes a lot of time to sell. The average home sits on the market for 45 days before the sellers will call an agent to assist with the sale of their home.

A lot of wasted time – FSBO does not take into account the amount of time and work that goes into selling a house…photos, pricing, advertising, setting up showings, opens houses etc.

Thinking of selling your home? Skip the headache of being a FSBO and give our team a call today!

Captain’s Quarters Arcade at the Millville Boardwalk

LOCAL LOVE: Captain’s Quarters Arcade at the Millville Boardwalk

Located just a few short miles from Bethany Beach, Captains Quarters Arcade can be found at the Millville Boardwalk (which is also home to Agape Creamery and Lighthouse Beach Golf). Not only is there fun outside, but inside is where you’re welcomed with a family-friendly game-packed arcade that will entertain kids (and adults!) of all ages. From classic games like ski-ball, Wheel of Fortune, Space Invaders, to racing games, Guitar Hero, Deal or no Deal, and SO much more!

Plus, there’s countless prizes to be won, and a snack bar in case you need to refuel in between winning all of those tickets! Not to mention you can even book your very own Private Party for birthday or group events. There’s fun for ALL ages at Captain’s Quarters – so be sure to head over to the Millville Boardwalk, and show the best arcade in town some Local Love!

EVENT ALERT! Stop by the Millville Boardwalk TOMORROW December 3rd 2022 for their 1st Annual Festival of Trees! There will be a Toys for Tots drive, Tree Lighting at 6pm, Agape Creamery will be offering holiday flavors, The Lodge will have its Grand Opening, AND you can play a round of Enchanted Beach Golf! Don’t miss out on all of the fun!

Renting VS. Buying / First Time Home Buyers

Dear Renter…

If you’re in a season where renting is your only and/or best option at the moment, that’s completely understood – keep putting in the good work until the BEST time comes along for you to buy a home. You got this!

If you’ve been on the fence about buying vs. renting, but need a little guidance (or maybe a gentle push) in the right direction, we’d love to help you! Whether you’re looking for a local lender to get pre-approved with, aren’t sure how much you need for a down payment, or just need help narrowing down your list of wants/needs in a property – our team is here to help, each step of the way! Call our team to get started!

To see more videos like this, SUBSCRIBE to our YouTube Channel!


Keep up with The Ashley Brosnahan Team and what’s new on our other channels:
-Facebook Page:

Real Estate Myth VS. Fact

Real Estate = a LONG TERM investment

How does Real Estate build wealth?
1.You have long term security.
2.There are major tax benefits.
3.Potential to earn regular cash flow. (Rental income!)
4.You can pass down Real Estate.
5.Equity can help increase your Real Estate portfolio and future opportunities.

Even with the shifting market, if you’re interested and financially able, today could be the perfect time to invest in a property that will continue to increase over time AND help you build wealth! Call our team today to get started on your investment search!

Want to see more videos like this? SUBSCRIBE to our YouTube Channel!


Keep up with The Ashley Brosnahan Team and what’s new on our other channels:
-Facebook Page: