Page 4 - Allisons Newsletter, Lakewood Village - Oct 2018

Q & A with the real estate expert
a smaller space? ASK ALLISON VAN WIG

READY TO DOWNSIZE

Q would ever daydream A Dear Madelyn, If family and I (and all of our For example, let’s say you
Dear
Allison,
I
I
didn’t
think
beloved treasures) fit into
thinking
you’re
bought your home in
about
moving
about buying a to decrease the burden less square feet? 1990 and the value has
increased... You could be
smaller home. But minimal of expensive mortgages, • How much money do I subject to big capital gains
maintenance, and the time choosing to relocate to a less need to retire and maintain tax on the proceeds. Or,
and money saved on cleaning expensive area or to purchase a comfortable standard of if the price will vary only
and upkeep sound like a great a much smaller home is a living? How will downsizing slightly, you could end up
benefit. Especially when I great option. And it only contribute to my bank paying more for something
think of the amount I could seems natural that now is account on a monthly basis? smaller depending on your
put toward retirement, the perfect time to downsize • What are my life goals? new location. Be sure to
vacations and more for my based on our current market What’s most important to
family from living minimally. and the tiny home trend. me? Do I want to entertain talk to your tax advisor or
That’s why I see downsizing When determining if smaller in a large home, or have the financial planner to create
as a step forward, not or more minimal is the right flexibility to travel? Will I the best plan for your future.
backward. Before I put a For style for your next home, here need space to care for any Allison Van Wig
Sale sign in my yard, what are the important questions to family members or friends? If you would like additional (CA BRE #00985700) is the
should I consider before ask yourself: advice or are ready to list your Owner of Van Wig & Associates
listing and moving forward to • If you have owned your home, please give me or my you can call or email her at:
• How much space do I need home for decades, is it team a call. We’re always here 562-882-1581 or
- Madelyn to live comfortably? Can my really cheaper to downsize? to help. n Allison@superbroker.com

Go to: www.LongBeachPrices.com

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