For all the talk of Downsizing, there’s also been a trend toward “Back Up” – when homeowners Downsize, – don’t like it – and go “Back Up”
Recent studies by Merrill Lynch and Dell Webb found:
20-30% of baby boomers actually go larger, some after downsizing and finding it too drastic.
Over 60 percent said they want the same size house or even larger (this is likely relative to where you are coming from – someone in a 10,000 sf house may likely downsize, someone in a 3,500sf house may not.)
We’ve seen this dynamic play out with our own friends and clients.
We just had friends sell a 4,000 sf house to move closer to grand kids in Greensboro, only to quickly buy a townhome in SouthPark about a month later. Guess what? Same client just pinged us looking at a house larger than the townhome.
We’ve also had empty nest friends move to the city for a couple years, enjoy it, move back to something larger.
The message we take from this is to really help clients think about what their lifestyle is going to be like when and if they do change housing. We’ve helped clients in all situations and would love to help you.
Special Downsizing Services Offered By Dee Reid
Expert advice selecting the right home and location
Careful discussion of Your needs: loication, space, amenities, cost
Decluttering assistance, Property clean up & Handyman repair service to Maximize Your Sale Price