Should You Downsize?
One common question that many homeowners have right now is if it’s a good time for them to downsize their homes.
“Downsize” means that you own a home and want to sell it in favor of purchasing a smaller home.
Many homeowners are downsizing right now (especially empty nesters) and homeowners who are age 62 and older who want to simplify their lives or own homes that are on a single level instead of a split level.
Regardless of your age, downsizing is a practical way to manage high housing costs in Southern California and lower your energy bills while living in a more manageable space.
How Does Downsizing Work?
To downsize, you first have to sell the home that you’re currently living in for top dollar then use the proceeds from the sale of your home to buy your next home.
Thanks to the HOT 2018 Southern California Real Estate market we know that we can get you top dollar for your home.
Once we sell your home we also know that we can get you a great deal on the next home that you plan on purchasing regardless if you choose to pay for that home with cash or finance it.
The Plan Has to Make Sense
The key to success with downsizing, especially in Southern California, is that the plan has to make sense.
What do we mean by this? To make downsizing work for you, you have to know the following:
- Your home can be sold for top dollar.
- You know how much of a home you can afford to buy.
- There’s available inventory.
If all three of these things come together then we can absolutely help you sell your home while buying a home at the same time.
Contact the Fred Sed Group