No matter how well you think you’ve planned it out, life has a way of changing things. It can turn situations that may have once seemed perfect, into something that no longer suits our needs. When you consider our emotional attachment to our homes, especially when they are filled with so many memories, realizing you might need to move on from it can be very discomforting.
Something to consider is that there are three stages to the average homeownership lifecycle. First, there’s the starter home, which is often outgrown and sold – then, moving into a larger home to meet the demands of life changes. the final stage is downsizing. Usually, this move is made when entering the retirement phase of life.
How do you know you’re making the right move? Keep reading – we’re going to explore the five signs that it’s time for you to downsize your house in Alaska.
Available Funds
It’s time to downsize is if you find yourself living paycheck to paycheck. When you sell your house the traditional way, it can feel unbearable to watch your house sit on the market for prolonged periods of time as you wait for a buyer. On top of this, just because you have your home listed does not mean the monthly bills will stop rolling in. You’ll have to consider the never-ending maintenance that comes with homeownership. If you find yourself in a perdicament like this, reach out to us here at Anchorage Home Buyers. We can provide you with a guaranteed closing date – we never charge commissions and there are no hidden fees.
Financial Strain
If you’ve found it difficult to keep up with your mortgage, you’d likely benefit from downsizing. Unfortunately, it’s not uncommon for homeowners to attempt to keep a property where they’re falling behind on their mortgage. If there’s still time to save your credit, reach out to us at Anchorage Home Buyers. We can help alleviate the risk of falling into foreclosure and you can relax. We’ll provide you with a guaranteed closing date, and within a week or so, or we can also work with you to delay closing, just talk to us about making arrangements.
Overwhelmed
Over time we can become overwhelmed with the amount of space that our home provides. Maybe you’re an empty nester, and just don’t need all that space anymore. Moving from room to room, dusting furniture that is no longer necessary, to the daily tasks that keep a house from becoming distressed – this can be a lot for one person in a home that’s too big for them. So if you find yourself overwhelmed trying to care for your home, consider downsizing.
Increased Expenses
As you build equity in your home, the increase in value may also bring a larger tax bill to your door. In addition to this, utilities increase over time, and those on a fixed income can quickly find themselves under extreme financial stress. As homes grow older, they also require more frequent and expensive repairs, which can rapidly drain savings. If the expenses keep piling and you’re finding it difficult to afford your home with resolution in sight, you should downsize and find something else that better suits you and your needs. When you work with Anchorage Home Buyers, you can depend on us to help make the selling process quick and stress free.
Current Market
Maybe you previously thought you weren’t ready to move into the next phase of homeownership, but the current market has made cashing in your equity an extremely appealing option. If the market is hot, you may want to take that as a sign that it’s time for you to downsize. At Anchorage Home Buyers, we’ll detail how much your home is worth on the current market and compare that to every number used to calculate our offer. We do this so that you can make an educated decision about which method of selling is best for your situation because at Anchorage Home buyers, we are your neighbors, and we want you to feel good about the deal long after closing.
Talk to Anchorage Home Buyers without any obligation about downsizing your house your house. Call Anchorage Home Buyers at 907-331-4472.