It's a Seller's Market! Should I Down-size Now?
#thecharlestonrealestatelady #retireinCharlestonSC #babyboomers
A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their home, are planning to scale down. As the majority of the country is currently experiencing a seller’s market, let's look at some reason why this might just be the right time for baby boomer’s to sell.
A smaller home means less space, but it also means less time, stress and money spent on upkeep.
Use the proceeds from selling your current home to pay cash for a smaller one. Or, if you can’t pay cash, opt for a shorter term mortgage, investing your home proceeds to be used through your golden years.
For many homeowners they have enough equity in their current home to put a sizable down payment on their next home; enjoying a smaller monthly payment.
As boomers begin thinking about retirement, the big question is: What kind of lifestyle do I want after retiring?
- For many, it’s a simpler lifestyle focused on family.
- Traveling to those places on their bucket list (so a low-maintenance community) might be the answer. Many communities are offering baby boomers home options with high-end upgrades and all types of social activities; keeping many very active in their retirement years.
- A warmer climate - the Charleston Area can certainly provide a comfortable year-round climate.
If 2017 is the year you're planning on retiring, relocating, up-sizing, or down-sizing, call me today….and let’s chat!
I have been serving Charleston one Client at a Time for over 14 years!