Here are four clear signs that suggest it might be time for you to downsize into a smaller home:
1. You are approaching retirement. Ever-increasing living expenses, coupled with the fact that we’re living longer, means people are looking for ways to reduce their expenses. Reducing or eliminating your mortgage may be one of those expenses.
2. You’re worried about maintaining your home. A larger, older home needs a lot of maintenance, in both the long-term and the present.
3. You have a lot of unused space. You may be cleaning rooms that you never use or don’t have large parties anymore.
4. For financial opportunities. Palm Springs has enjoyed great appreciation over the last five years. If you’ve owned your home for more than five years, you’ve likely realized that appreciation as well. With the added benefit of reducing costs, using the equity in your current home to get a new one where you won’t have to make a payment might be smart.
If you have any questions about home pricing or about residential real estate in general, please don’t hesitate to give us a call at 760-565-5714.
This Blog courtesy of Will Cook,Will Cook Group, Keller Williams Luxury Homes, Palm Springs, CA |DRE # 01879277
Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019, Will is an Associate Broker/Team Leader of the WILL COOK GROUP with Keller Williams Luxury ....
The information being provided by SoCalMLS, CRISNet Regional MLS, CARETS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS, CRISNet Regional MLS, CARETS. ZipRealty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS
access. This website is a service of ZipRealty, Inc., a broker participant of SoCalMLS, CRISNet Regional MLS, CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS, CRISNet Regional MLS, CARETS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright 2019 SoCalMLS, CRISNet Regional MLS, CARETS. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, SoCalMLS Inc
Data last updated: July 20, 2019 6:48 AM.
If a listing displays "Short Sale/Subject to Lender Approval" then that listing has been identified by the seller and the listing broker as a "Short sale." This means that, at the listed price, the proceeds from the sale may not be adequate to pay all liens and costs of sale. Any offer made that does not fully cover the existing amount(s) owed to the lienholder(s) plus the costs of sale could be subject to lienholder approval, which approval may be exercised at the sole and exclusive discretion of the lienholder(s).