Downsizing?

With the news regarding the impending tax changes, increased demand for property,  price increases, and the current low interest rate – have you considered downsizing? I have worked with a number of families over the last month that are taking advantage of a considerable equity position in their current home based on the high percentage increase in home values over the last 6-8 months. They will utilize the equity to make a 20% down payment on a smaller home. With the current interest rate of approximately 4% on a 15 year note and no PMI, these families are effectively reducing their house payment by 1/3 – 1/2 and locking in today’s great rates and pricing before both are expected to increase. Housing is one of the primary expenses we need to account for in retirement planning. There is a tremendous peace of mind that comes from knowing that your housing cost projections will indeed see you safely and securely through retirement.

About Rianne Sanchez

I want to be your agent for life!

If you have any questions about the Real Estate Market in The Woodlands, Spring, Magnolia market, give me a call!

Cell: 832-620-7262
Direct: 832-482-1104

Full-service Real Estate agent focusing on The Woodlands and surrounding communities. I can help you buy or sell for the best price in this area. Call today for a free, no obligation, market analysis of YOUR neighborhood.