If you need assistance, please call 720-230-3030

Three Reasons Now is the Time to Downsize Your Home

Thursday, April 20, 2017   /   by Kevin Schumacher

Three Reasons Now is the Time to Downsize Your Home

Is it the right time to downsize my home?


We come across this question often from older couples with children no longer living in their homes. The concern we most often hear is the thought of selling high and buying high.


Here is our expert advice on the topic.


1. In this highly favored sellers market you can receive top dollar for your home


Northern Colorado is experiencing a strong sellers market. We are seeing multiple offers for homes on the market and low months supply of homes that are at a lower to median price point. If you purchased your home a few years ago or longer, you may have a decent amount of equity that you can use to your advantage to plan for the future.


2. Homes that are at low to median price points are appreciating faster than higher price point homes


Believe it or not, homes that are smaller (and in more demand) are appreciating at a quicker rate than homes that are on the higher end of the spectrum. When choosing to downsize it is important to take the equity position approach to downsizing. What we mean by this is looking at your home almost as if it were a stock. Some stocks will appreciate much higher than others at a faster pace. Analyzing the gap between homes and comparing the potential value increases with hard facts and numbers will make you feel more comfortable in knowing you are making the right decisions.


3. Interest rates are still historically low


Though home prices are increasing, affordability of a home is composed of home prices, interest rates and income. The Northern Colorado market is healthy and continually growing.


Interest rates are still historically low! This means that while you are also selling your home for top dollar you are able to lock yourself in at an interest rate that could be lower than the home you are currently living in.


Interest rates




Overall work with an expert in the industry. Let them know your concerns and goals for downsizing your home. Have them help you to devise a plan that will best fit your needs all while helping you create a stable financial future for yourself and your family.

The Kevin Schumacher Team at EXP Realty, LLC
1615 Foxtrail Drive, Ste 260
Loveland, CO 80538
720-230-3030

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2020 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or eXp Realty LLC. *Not intended to solicit buyers under buyers agency, not intended to solicit listings currently listed.*The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2020 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 1, 2020 11 AM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
This site powered by CINC: www.cincpro.com