To put it simply, if you want to downsize, downsize now. Aging can take its toll on your ability to move to a new home, namely making the long trip from DC to a quaint shore town in Maryland. The more you age, the less control you maintain over aspects of your life. That’s why a financial advisor in Maryland recommends downsizing while you’re still young and kicking.
Keep in mind, however, the costs associated with buying a new, smaller home, not just the cost of moving. You may have extra from the purchase, but you will still have to pay other expenses like the agent’s commission, legal fees, and land transfer taxes. The difference between the selling price of the old home and the buying price of the new home can determine this financial ability.
http://www.financialbrokerageservices.com/downsizing-maryland-financial-advisor-urges-care-in-computing-costs/
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