The Upsides of Downsizing Your Home

 Highlights:

"downsizing frees you from the cost and time commitment of maintaining a home that’s simply too large. It allows you to unlock your home equity, buy a new place and maybe even retire your mortgage."

"Downsizing can and should be a fun, memorable time with your friends and family"

"downsizing clients often want a smaller home but no less luxury. They want a kitchen with a big island, granite countertops and stainless-steel appliances, and a master suite on the first floor."

"You’ll have the most leverage if you make a purchase offer on your next home unencumbered by a contingency for the sale of your current home."

"If you find your next home before your current one sells and want to make an offer without a contingency, you’ll need an alternative source of funds for a down payment and closing costs."

Read the full article in 
Kiplinger
Author Pat Mertz Esswein, Associate Editor

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