Things to Think about before Downsizing Your Home

Dated: October 17 2020

Views: 175

Things to Think about before Downsizing Your Home

Things To Consider Before Downsizing

Millions of homeowners live in large home they don’t need any longer. Their kids are grown. They don’t enjoy cleaning it and can’t manage the huge yard. But it can be scary, painful, and possibly unprofitable to move…so why bother? If you—or people you know—are thinking about downsizing, here are some questions to consider.

· Do you have enough equity in your current home that you can buy a smaller one with lower payments? Is it even possible to buy a home with lower payments in your area, given interest rates and prices?

· Are there desirable single level homes you would want to move into? If you don’t know, then hop onto my website at and do a search, or call me for help.

· Would it be more profitable to move now or wait? By buying smaller now, you might get lower interest rates, lower prices, and a longer ownership window for building equity again in the new home. But if you wait, you could gain more equity in your current home. It depends on if the market is rising, falling, or stabilizing. If you, or someone you know lives in a home that’s too large now, please call me to discuss the pros and cons of moving.

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Albert & Lynn Alvarez

Unparalleled Customer Service! Meet The Ally Group team member, Lynn Alvarez. You need an educated, caring and knowledgeable real estate professional who stands by you through the whole process. Tha....

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