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November 18, 2024

Should You Downsize Your Home Right Now?

Author: Mark Ramey

Five things you should know!

It can be both an exciting but stressful time when it comes to downsizing. That is why I want to share my top 5 things you should know about the market before you downsize your home.

  1. The Current Market

    Depending on wheer yo umove to and what type of home, the market is going to fluctuate. This is why you need a real estate agent to help you understnad if it’s a buyers or sellers market, so you can maximinze your sale price!

    2. Cost of Living

    You might think a smaller home means lessmoney but, you need to consider things like HOA fees, property tax, and utilities. So that higher end condo you’re eyeing might cost yo more to livein that your current home.

    3. Timing is Key

    Who wants to move twice and pay DOUBLE haing an agent means you don’t need to worry about this, they will handle the sale and purhcse of yor current/new home, so yo can focus on packing your things only once.

    4. Decluttering

    It’s time to go throught the boxes in the attic and part ways with clothes you haven’t worn in years and items you don’t use. Downsizing means you need to think carefully about what you will bring to your new (much smaller) home.

    5. Think Long-Term

    Is t his new space going to work for you in 5 or 10 years? Are yo going to be close to loved ones? These are the quesions yo need to be asking yourself when you’re considering downsizing your home. You want to be 100% sure this new homeus going to serve you now and in the future!

    Okay, I know that was a lot to take in and I understnad that this process can be overwhelming. That is why I am here!

    I want to hel pyou find the perfect downsized home fo ryou and your partner, or just you! If yo are interested in looking for a new home, please feel free to reach ut to me. You can reach me at (407) 270-0011.

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