What is your budget?
To set a budget for your downsize purchase, you need to know your starting point with the value of your current property.
To set a budget for your downsize purchase, you need to know your starting point with the value of your current property.
There are three options for a property valuation.
Instant valuation: This option has around 60-70% accuracy.
Valuation plus: Perfect if you are looking for a slightly more accurate price estimate but are not ready for an in-person appointment at your property. This option has an accuracy level of around 80-90%.
Fully comprehensive In-person valuation appointment: The only real way to know for sure the value of your home is to arrange for a visit from one of our expert property valuers. This option is 100% accurate and perfect if you want to move in the next few months.
Get in touch with the team to discuss your property valuation in more detail or to arrange an in-person appointment free of charge.
Once you have an idea of the value of your current property, you can look at which properties are available within, or perhaps even below, this figure to ensure that you are downsizing in size and value.
Of course, a downsize refers to a reduction in SIZE, but if you're looking for a smaller property, there is every chance that this new property will be of a lower value.
The by-product of downsizing is that there will be a surplus of cash when the sale goes through that will find its way back into your pocket. This can be a great help as you near retirement, and it's time to enjoy the money you've worked hard for many years to earn.