Many people today are looking to simplify their lifestyle by moving to a smaller, newer home.
Here are some tips on how to make the downsizing process go smoothly:
Buy First. If possible, buy your new home before you sell the old one. It’s better to buy what you’re going to go to first so you can see what kind of space you’re physically getting into. That way, when it’s time to sell your place, there isn’t so much pressure — you have more freedom. If you have the equity, it works well. If you don’t, it’s a harder decision to make.
Take Your Time. Family members have a tendency to pressure downsizers to move more quickly than they want to, Sometimes the process can take a couple of years. Make sure you really like the place you’re moving to, and know what you’re getting yourself into.
Move-In-Ready Properties. If time is short, concentrate in looking for a development that has an inventory of finished units, as well as a furnished model home — that will give you a clear picture of what your home will look like.
Ask Around. Find a broker who is experienced in downsizing transactions by talking to people who have recently been through the process. A Good Realtor will ask you questions about your lifestyle; yard work, stairs, attached garage, community involvement.
Folsom Luxury Homes and Land Specialist
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