When children leave the family home, parents often discover that the home is too large for their needs, and consider downsizing.
As a retired or retiring baby boomer, you have worked very hard and achieved a lot in life. You may be an empty-nester now and the big house may not be serving the needs it once did.
Downsizing is a perfect solution to reducing such things as mortgage payments, property taxes, home maintenance, and utility bills. Downsizing enables you to use the equity to put towards improving your lifestyle by freeing you up to travel more, invest in a vacation home or even help your children or grandchildren with their education.
1. Why are you doing this?
2. What are the first steps for downsizing?
3. What are you expecting from the home sale?
4. When should you sell and buy?
5. Where do you plan to move?
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