When parents have children, they may move from a starter home to a home that has a little more room for your growing family. When those kids grow up and go to college, they may move out of the house to start their own lives and the parents are left with a big, empty house. The parents may be nearing retirement age and no longer need a four bedroom house, which may just be costing the money at this point.
Making the decision to downsize can be tough. The seller may have a hard time letting go of the home they raised their children in. Another factor to downsizing is that now you have too many belongings for the size of your smaller home. Some may see this as a great way to get a fresh start. Maybe they will take this as an opportunity to move out of the concrete jungle to somewhere warmer with a slower pace of life. There are a lot of options and of course, it depends on everyone’s situation.
Here are a few signs that you might want to consider downsizing your home:
- Empty nesters
- Rising property taxes
- A home that is just too big for its residents
If you are considering selling your home, contact an experienced real estate agent and real estate attorney who can help you through the process.
If you require experienced legal representation for any of your residential and commercial real estate, bankruptcy, or family law matters, contact the Mark Scollar Law Office today to schedule a consultation.