submitted by Colleen Evanchik, Re/Max Royale
If you are at or are approaching retirement age, you might want to plan ahead.
Do you need your current home or should you downsize? After all, you probably do not need a large home – a two-bedroom townhome/condo might work (one bedroom for you and one for guests). Plus, as you lose earned income, your overhead will be lower.
If you sell your current home you might be able to pay cash for your new place. As for timing, it is still a seller’s market, so start planning.