ABOUT TERRIE O’CONNOR REALTORS Setting the standard for excellence in real estate since 1991, Terrie O’Connor Realtors is your trusted, independent guide to buying and selling in northern New Jersey and southern New York. Backed by decades of experience, our dedicated team of 375 licensed professionals across seven branch offices is committed to providing hallmark service to our communities. Whether you are looking for your dream home or want to find out what your current property is worth, we are here to ensure your success.
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A CUSTOMIZED APPROACH TO DOWNSIZING
DETERMINE YOUR NEEDS To help you determine the right time, place and type of real estate/lifestyle, we encourage you to consider which of the following lifestyle factors play an important role in your decision to downsize:
Lower maintenance costs
Health care and/or mobility
Downsizing by design should provide
Cash in home equity
Join an active community
home through staging for sale
Increase walkability Improve ecological footprint Increase transportation efficiency Reduce cleaning time and effort Retire or prepare for retirement Live closer to children or grandchildren Reduce taxes Declutter
EACH YEAR, MILLIONS
The purpose of this Terrie O’Connor Realtors Downsizing
OF HOMEOWNERS ARE
making this important lifestyle-related decision.
FACED WITH THE
Each person, couple or family represents a different set of
DECISION TO EITHER
common, prevalent decisions facing all who want to
CONTINUE LIVING IN THEIR PRESENT HOME
Guide is to provide you with a more strategic approach to
circumstances and lifestyle objective. That said, there are make the best choices regarding moving from a larger to a smaller home. While the importance of location is resoundingly referred
OR DOWNSIZE AS
to by real estate professionals and buyer and sellers alike,
SOME SAY “RIGHT SIZE.”
right time for you to downsize? And, where do you think
not enough attention is given to timing. When is the the best and most attainable location might be?
LIFESTYLE ADVICE WHEN COMTEMPLATING DOWNSIZING
Experience change
you with more time to prepare your compared to when you feel pressure to sell.
Move closer to services
If there are possessions in your home
Move closer to recreational activities
consider asking them to remove and
Improve resources for pets
Consider reducing the space you
Drive less For estate reasons Move closer to work Experience greater diversity
BENEFITS As you know, there are many factors to consider when downsizing and the rankings of each may differ from each person or party. Throughout Terrie O’Connor Realtors, many individuals, couples and even some families feel a sense of lifestyle emancipation after downsizing or right sizing. For the first time in years, they are free from long commutes, burdensome levels of maintenance, high taxes, excessive dependence of their automobiles. Moreover, many who downsize also find that their lifestyle actually grows substantially as they become more involved in the community due to convenience and their aforementioned freedom from housing maintenance.
that are important to grown children, store.
currently live in as a way of preparing for a smaller home. If you are thinking about moving to a condo or homeowners association, be sure to carefully read the association documents regarding fees and potential increases.
Let Terrie O’Connor Realtors Help Ask a Terrie O’Connor Realtors agent how they can help you maximize your present home’s value, market your property successfully and strategize with you regarding when and where to buy or rent next. If you are planning on moving out of your present area, we would consider it a privilege to serve you in your new destination.