Are you thinking about downsizing? Why? Are you downsizing for retirement reasons; really need the equity in your home, right now; can’t afford or don’t want your current housing costs; don’t want the maintenance and yard work; want a change of lifestyle; or just don’t need or want the extra space anymore?
Are you thinking about upsizing? Are you upsizing to accommodate your adult children and/or your parents; deciding on a lifestyle change, making a career move; or just ready for a bigger, better dream home?
Are you one of the 78 million baby boomers living in the USA, of which 39.8 million are females, 5.2 million that call Texas home, 25.5 million that have mortgages, and 37,4 million that are heads of households.
Are you one of the 31.2 million baby boomers who expect their adult children to move back in with them, or one of the 23.4 million who expect their parents to move in with them?
Interestingly, 4 out of 10 baby boomers are considering downsizing, and 3 out of 10 are considering upsizing. In both cases, most are not sure what to expect and how to go about it so they can minimize their stress and anxiety and still reap the rewards.
Well, as one of many considering either one, despite what you may have heard, it does not have to be that difficult! To get your desired results, start by asking yourself (and your partner if one is involved) the right questions, and take note of your answers. Be honest with yourself, and be realistic about your expectations. Seek objective, expert advice and support. Prepare a plan, and stick to it. If you do, you can achieve your desired results!
When downsizing or upsizing, location and type/size of residence are important cost considerations, and don’t forget the physical and emotional considerations as well. There are other things that you should consider before you decide to take on downsizing or upsizing challenges. And, as is the case in most complex, emotion filled experiences, the process and successfully navigating the process are the keys to a successful result!
If you are in a hot seller’s market like Dallas-Fort Worth, you need expert advice from, and representation by, experienced Real Estate Advisors | REALTORS® that know the local market, can help you successfully navigate the home selling process and/or home buying process, are skilled negotiators, problem solvers, and communicators, and will always place your interests before their own! Give us a call. We would be honored to assist you with your real estate needs!