Downsizing Made Easy: Answers to the Most Common Questions
Should I sell my current home before buying my next home?
Whether you should sell first or buy first often depends on your finances and timing. Many downsizers choose to sell their current home first to avoid carrying two mortgages and to clearly understand their budget for the next chapter. Options like rent-back agreements, short-term rentals, or bridge loans can make the transition smoother. A knowledgeable real estate agent can help you choose the strategy that best fits your needs and goals.
Moving closer to family is one of the most common motivations for downsizing. A well-organized plan that includes coordinated selling and buying efforts—sometimes across different regions—can make the move seamless. Our agents also have a referral network of trusted professionals nationwide to support clients every step of the way.
Downsizing after many years in a family home can feel overwhelming — not just physically, but emotionally too. The best approach is to start early and take it step by step. First, sort items into categories: keep, donate, sell, or gift to family and friends. It's important to focus on what will fit and serve a purpose in the new home, rather than trying to bring everything. Sentimental items should be handled with care — some people create keepsake boxes, digitize old photos, or pass meaningful heirlooms to loved ones. Hiring a professional organizer or working with a trusted real estate agent who understands the emotional side of downsizing can also make the process much smoother and less stressful.
Is downsizing a smart financial move?
Yes, for many homeowners, downsizing can lower monthly expenses, reduce maintenance costs, and unlock home equity to support retirement goals. It often leads to a simpler lifestyle and more financial flexibility — especially when guided by a knowledgeable real estate professional.
What’s my home worth?
Accurate pricing is crucial for a successful sale. A skilled real estate professional will provide a detailed comparative market analysis, considering recent sales, neighborhood trends, and active competition. Complete the Home Value box above to get an estimate of your home's value and what you could rent it for and rent as an AirBnB.