Sell My Home To Downsize To A Smaller Home
Thinking about selling your home?
Need urgent advise in how to sell your home on your own.
Stop looking around for the wrong agents and get with the professionals at NK Home Sales that can help sell your home.
Our team of experts can help can help you sell the home and downsize to a smaller location. Moving into a smaller home may feel like a step down, but a closer look reveals quite a few upsides: saving money, saving time and having less clutter in your life. Downsizing could be just the fresh start you and your family need!
Sell your home to make smaller mortgage payments. Stop dusting all of the empty rooms in the house. before you sell your home, here are a couple of tips of downsizing your home, before you make a mistake.
Hidden Costs
Downsizing may save you money in those monthly mortgage payments, but what about the hidden costs? Does your home need any repairs to get it market-ready? What about your old furniture and appliances—will they fit into the smaller place, or do you need to bump up that budget for more space-efficient pieces?
And don’t forget to take into account the cost of moving, property taxes, storage, or even higher HOA fees. When it comes down to decision time, you may find that taking that leap to a smaller space will save you BIG time—or that you can save just by staying right where you are.
Trade off Your Home Instead
Trade in your mortgage for a paid-off home! Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down!
If you can’t pay cash, aim for a 15-year, fixed-rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 4.5% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $25,278 in the process. Cha-ching!
Ready to Downsize? We’ll Show You Where to Start.
Downsizing might not make sense in every situation, but it’s worth a look if saving money and simplifying life appeal to you. NK Homes Sales can help you determine what your home is worth and show you options for cutting costs. A true pro knows what it takes to get top dollar for your current home and negotiate the best deal on a new one. Ready to downsize but don’t know where to start? Click here for more details.