Titled “Your Guide to Downsizing Your Home: A Pathway to Financial Freedom and Lifestyle Enhancement”, the latest guide was written by realtor Marc Cormier and covers the costs, benefits, pitfalls, and other aspects of downsizing retirees should consider.
More information is available at http://guidetoprobate.com/
Many individuals would like to reduce their home upkeep expenses in retirement, freeing up funds for other financial goals. However, Cormier emphasizes that meticulous planning and careful consideration of all the steps and aspects of the process are essential for realizing the full financial potential of this decision. The new guide helps readers decide whether to downsize or not, and ensure a seamless transition to smaller living if they choose to sell their home.
“The process of downsizing holds a strategic value, offering not only financial liberation but also a renewed sense of freedom,” Cormier states. “By moving into a more compact and cost-effective residence or relocating to a more affordable neighborhood, you can unlock valuable resources earmarked for your retirement.”
Cormier warns readers that they should not always expect immediate financial gains from downsizing, and should time the real estate transactions correctly to avoid additional costs. The guide includes a case study, sharing the story of a retired couple who decided to move from a suburban house to a city apartment. They purchased their new home before finalizing the sale of the old one, which resulted in unexpected expenses during a one-year period before the house was finally sold.
The guide also mentions the emotional aspects of downsizing and offers advice on how to make the process simpler. For example, Cormier suggests that downsizers research the amenities in the new location before making the decision to purchase a property there, as many seniors find it difficult to leave their communities and part ways with familiar services. For those who are struggling with decluttering and getting rid of their unneeded items before the move, he suggests enlisting professional help.
Berkshire Hathaway Pen Fed Realty can help clients with all steps of their downsizing journey, from home decluttering and preparation for sale, to appraisal, listing, and guidance throughout the transaction. Marc Cormier, who was recognized as one of the Top 1% of Realtors, has over 20 years of experience and a deep knowledge of the Maryland and Virginia real estate markets. He also specializes in the sale of probate property and can offer assistance during the estate administration process.
“Marc Cormier should be your real estate agent. Full stop,” said a satisfied client. “We have used him in both the buying and selling process. I can’t recommend him enough. He will take time to explain things you may not understand about the home buying/selling process and will always go to bat for his clients, ensuring they receive the best possible contract.”
Interested parties can find more information by visiting http://guidetoprobate.com/
Berkshire Hathaway Pen Fed Realty
10319 Westlake Drive
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Boston New Times journalist was involved in the writing and production of this article.