Nicole Emanuel Real Estate – Coldwell Banker
(408) 410-2060
nicole.emanuel@cbnorcal.com
Nicole Emanuel Real Estate – Coldwell Banker
(408) 410-2060
nicole.emanuel@cbnorcal.com
For many people, their house may be their biggest asset. But it also can be their biggest expense. That’s true whether they’re planning for retirement or even if they already are in retirement. So it’s no wonder that many homeowners begin to think about selling their home and moving into a smaller one as they approach their golden years.
Downsizing your home doesn’t have to mean downsizing your lifestyle. Homes have steadily expanded over the years with the average home now more than 2,600 square feet in the U.S. according to Census data – 60% larger than it was 40 years ago when families were bigger! So there is plenty of room to downsize without cramping your style.
But downsizing doesn’t necessarily mean moving to a smaller home. It can also mean moving to a less expensive residence that’s the same size. Something as simple as moving from a top, reputable school district to a district that is not highly rated may lower the cost of a house. And if you do not have school age children, the quality of the school district may not be that important to you.
If you’ve been kicking around the idea of cashing in on your home’s equity and moving into a smaller property, there are a number of reasons why it may be the best move you can make right now:
According to the Wall Street Journal, it can pay to downsize sooner rather than later for those approaching retirement or already retired. The financial benefits can add up over time. Additionally, as we get older, moving gets harder thus it may make a lot of sense to move now rather than waiting.
If I can help answer any of your questions about downsizing, please give me a call or e-mail me today. I’d be happy to discuss the pros and cons of making a move and help you decide if downsizing is right for you.
Did you know that there are less than 550 single family homes on the market in Santa Clara County at the moment? That’s less than 1/5 the normalized market inventory of homes for sale in the County and is a historical low. If you are considering selling, there is no time to waste! Give me a call today to discuss how to get top dollar for your home. Don’t let this amazing market pass you by!
Check out this months Reality Check which takes a look at economists predictions for the housing market in 2012. Some notable highlights from this report:
Given affordable home prices and historically low interest rates, buyers should consider jumping into the market right away before rates go up and lack of inventory causes prices to rise, which some speculate could happen in the second half of the year.