Downsizing is an important process of the home buying process. The house you raised your children in might be too big and holding on to important retirement funds that could be growing in some other investment vehicle. With the housing market not returning to pre boom levels, it’s a wise choice to look into downsizing.

Not downsizing soon enough

Big homes come with the expenses of cleaning, maintenance, and property taxes. You are not only looking at a large mortgage payment but also the additional expenses of upkeep. Something like a nice condo can be affordable and also provide low cost for maintenance. I keep up with the condo market at Bellingham Seniors continue to flock towards nice buildings offering low up keep at affordable prices. Appreciation will also be in tow as the market recovers.

Not investing the downsizing proceeds

Investing the windfall in something like an annuity can provide cash for the rest of your life. Many seniors can live in a nicer place that is smaller while still drawing income from their windfall of money coming after the sale of their house.

Not researching an area before relocating

Hiring a Real Estate Agent is a huge plus. I have sold numerous condos and can place you in an area close to amenities and close to loved ones. The condos also offer great upgrades that when compared to the cost of a house are relatively minimal.

Having a mortgage in retirement

Mortgage rates are favorable now. It is time to get in. Anyone that lived through the seventies can attest to this. Reducing the mortgage payment and also saving on interest in a key towards a healthy future. A condo offers the reduced costs of living, plus the added benefits of ground level or elevator amenities as stairs become more burdensome. I can help locate the condo that will suite your ongoin