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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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