Main Line Real Estate Agents Discuss Why Homeowners Have Been Downsizing Their Homes
Home buyers from all across the United States are now thinking about selling their homes and trading them for less-expensive ones – and for good reason. Main Line real estate agents at Sage Realty are explaining why this might be the case, including how downsizing in the current real estate market makes sense; especially when considering the following benefits:
3 Benefits of Scaling Down to a Smaller Home
- While many people dream about spending their lives living in huge mansions, the truth of the matter is that this isn’t very realistic. Not only are houses of such caliber expensive, but they require a lot of upkeep, and as a result, can mean more stress and less time for yourself.
- Moreover, by purchasing a house that is even a few hundred dollars cheaper than your current home, you will find that you can save a large amount of money.
- Furthermore, if you time it right, you will find that you can actually use the money from selling your old home to pay for the entire mortgage on your new home. Even if you cannot afford the entire mortgage, you will certainly be able to pay it off within a shorter period of time.
If you have recently been thinking about downsizing your home, remember that you should reflect on the current state of your life prior to making such a big decision. According to a study by Fannie Mae, “37% of Americans believe they have less than 20% equity in their current home. In actuality, 69% have greater than 20% equity.”
This means that most Americans can take advantage of exiting equity to truly benefit from downsizing.
At Sage Realty, our experienced main line real estate agents can analyze your specific situation, figure out if downsizing your home is a good idea, and guide you every step of the way. To find out more about Sage Realty’s real estate services or to read more about the benefits of scaling down, visit the Sage Realty website today at https://www.findahomeinpa.com/ or call them at 610-687-4000.