Amy Miller - Silvercreek Realty Group | Meridian Real Estate


You may think of downsizing as something that makes sense when you have an empty nest. Larger families do, of course, need more room. Downsizing can also be financially strategic and rewarding for you and your family if you have the opportunity to do so.


How Much Is Your Home Worth? 


There comes a point in your life when the amount of money that your home is worth is very important. Maybe you need the money for retirement and are looking to move to a cheaper city or state. Maybe it’s time for you to pursue your goals and dreams. Whatever the reason, your home is a very large asset.  


If you downsize, you’ll have a bit more money available to invest for your future. You may even consider buying an investment property. If all of your money isn’t tied up in a home, you’ll have a bit more freedom to do other things with your money.


A Smaller Home Means Smaller Expenses 


When you downsize your home you end up with much lower expenses for your housing. You’ll save big on both utilities and home maintenance. You’ll be surprised as to how much extra cash you’ll have each and every month that you’ll be able to use for other things like investing, travel, or other expenses. You’ll have the ability to do things beyond simply achieve that one dream goal of home ownership. 


What If You Don’t Already Own A Home?


There’s a lesson to be learned here for renters as well. If you’re getting ready to buy a home, you may want to think small. A smaller home that can suit your needs will allow you to save thousands of dollars over the life of the mortgage on your home. Remember that a mortgage payment is more than just the cost of the home. You’ll need to include things like taxes, insurance, mortgage insurance, heating, electricity, and more. The smaller the house that you buy, the less all of these things will cost. Think of what you could do if you invested that extra money that you saved on all of these things each month. 


What Would You Do With The Money You Save?


Having a big, beautiful home is a fantastic goal to achieve. You may have other dreams that you want to pursue in addition to owning a home. While downsizing isn’t for everyone, many people use the money they save to do some pretty incredible things like:


  • Travel
  • Go back to school
  • Buy a vacation home


The Negatives Of Downsizing


If you move into a smaller home, there are a few drawbacks. For one, you’ll have less storage and will actually need to downsize your amount of belongings as well. You’ll also have less room for visitors if hey come to stay. If grandkids frequent your home, you may be hesitant to sell and find a smaller place. It may also be difficult to find what you’re looking for at a certain price in a specific area. Think carefully before you decide to downsize and see if it has the right benefits for you.


De-cluttering your home is an essential part of the process of prepping your house for the real estate market. It also may require you to find a place to store antiques, photographs and other personal items that you'll need to remove from your house in the immediate future. Fortunately, storage units are available that enable you to protect your personal items while you sell your current home and work toward relocating to a new residence. There are many great reasons to use a storage unit while you sell your house, including: 1. You Can Free Up Space in Your Current Home. Want to show homebuyers the full potential of your house? Rent a storage unit, and you can free up lots of space in your residence instantly. A storage unit gives you plenty of room to safeguard your personal items while you're going through the home selling process. Plus, you'll be able to de-clutter your house accordingly, ensuring you're able to clean every nook and cranny of your residence and ensure your home looks great for prospective homebuyers. 2. You Can Keep Your Personal Belongings Safe and Organized. Let's face it – no one wants to put their treasured belongings in a storage unit that's not secure. But with a storage unit, this is never a problem, as this unit typically is easy to lock and is designed for advanced protection against a number of everyday dangers. For example, a standard storage unit facility is equipped with security cameras, and some facilities are monitored by security personnel 24 hours a day, seven days a week. Moreover, storage units are designed to protect your belongings against inclement weather, as they often are temperature controlled to ensure your items will maintain their quality. 3. You Won't Have to Break Your Budget to Rent a Storage Unit. Selling a house can be an expensive process. And as you spend money completing home improvement projects and cleaning up your residence, the last thing you need is a hefty bill for the rental of a storage unit. Usually, a storage unit serves as an affordable option for home sellers. The cost of a storage unit is frequently based on the size of the unit you need; therefore, if you're only storing a few items, the cost likely will be minimal. It also is important to keep in mind that the cost associated with the rental of a storage unit may only be temporary. If you dedicate the necessary time and resources to enhance the appearance of your house, you'll be able to sell your current residence quickly and move your belongings from a storage unit into your new home. Storage units represent wonderful choices for home sellers, and your real estate agent may be able to help you explore the storage unit options that are available. This real estate professional might even be able to ensure you can score the best deals on storage unit rentals in your hometown. Rent a storage unit as you get ready to add your home to the real estate market, and you can keep your personal belongings safe and organized at all times.

Let's face it – selling a home in a buyer's market is far from ideal. In this scenario, a home seller likely will compete with many property sellers to promote his or her residence. And despite a home seller's best efforts, there are no guarantees that he or she will be able to maximize the value of a residence.

A buyer's market often is a dream come true for property buyers and a worst nightmare for property sellers. Lucky for you, we're here to help you navigate a buyer's market and ensure you can get the best price for your home.

Now, let's take a look at three tips that every home seller who is operating in a buyer's market needs to know.

1. Complete a Home Appraisal

A home appraisal offers a valuable opportunity for a home seller because it enables this individual to identify a property's strengths and weaknesses. That way, a home seller can find the best ways to enhance a residence and help it stand out from other available properties.

Typically, a home appraiser will inspect a residence both inside and out. After the evaluation is completed, the home appraiser will provide a home seller with a report that describes problem areas that were identified during the assessment.

A home appraisal report can make a world of difference for a home seller, particularly in a buyer's market. With this report in hand, a home seller can work toward enhancing a house's interior and exterior.

2. Establish a Competitive Price for Your Residence

What you paid for your home a few years is unlikely to match the value of your house today. Meanwhile, a home seller should set a competitive price for a residence to ensure that his or her house stirs up plenty of interest from homebuyers.

To determine a competitive price, examine the prices of comparable homes that are currently available in your area. This will help you establish a price range for houses similar to your own.

Furthermore, check out the prices of recently sold homes in your city or town. This housing market data can help you make an informed decision about how to price your residence.

3. Work with an Experienced Real Estate Agent

An experienced real estate agent is unafraid to list a home in a buyer's market. In fact, this housing market professional knows exactly what it takes to sell a residence in any real estate market, at any time.

Thanks to an experienced real estate agent, you can streamline the home selling process. This real estate professional will showcase your house to the right groups of property buyers consistently. He or she also will set up home showings and open houses, negotiate with property buyers on your behalf and do everything possible to help you optimize the value of your residence.

Take the guesswork out of selling a home in a buyer's market. Use these tips, and you can keep things simple as you sell your residence.


As a home seller, there is always a chance that you may receive a lowball offer on your house. When this happens, you might feel disappointed and frustrated and be ready to move on to the next offer. However, a lowball offer may set the table for a negotiation, particularly for a home seller who knows how to respond to this proposal properly.

Ultimately, it is important to assess any offer on your home, even if this proposal fails to meet your initial expectations. And even though it may be tough to take a lowball offer seriously, you'll want to consider the pros and cons of it before you make your next move.

What does it take to assess a lowball offer on your home and counter it accordingly? Here are three tips to help a home seller do just that.

1. Stay Focused on Your Goals

For home sellers, you want to sell your home, maximize its value and move through the home selling process as quickly as possible. As such, you'll want to keep these goals in mind any time you receive a lowball offer.

If you receive a lowball offer, remain focused on your goals, and try not to get too emotional about it. With this approach, you'll be able to remain calm, cool and collected and respond to the proposal without the risk of burning any bridges between you and a potential homebuyer.

2. Respond to the Homebuyer's Offer

What you might consider to be a lowball offer may be a fair proposal in the eyes of a homebuyer. Thus, you should respond to a homebuyer's proposal, regardless of whether you consider it to be a lowball offer. By doing so, you may be able to open the lines of communication and help the homebuyer better understand what you consider to be a fair price for your residence.

After you receive a lowball offer, you may choose to pass on it and can relay your decision through your real estate agent. In this scenario, you can let the homebuyer know that you appreciate his or her offer but are going to pass on it. That way, you can decline the proposal politely and await offers that fall in line with your expectations.

Comparatively, you might decide to counter a homebuyer's initial offer, and your real estate agent can pass along the information about what you would be willing to accept for your house. By countering a homebuyer's offer, you may be able to begin a negotiation that could help you accelerate the home selling process.

3. Establish Realistic Expectations

Pricing your home competitively from the get-go is paramount for any home seller. With a competitive price, you'll be able to set realistic expectations for homebuyers and may be able to avoid the risk of receiving a lowball offer entirely.

When it comes to determining a fair price for your house, consult with your real estate agent. Remember, your real estate agent possesses industry experience and can help you set a fair price for your house based on the current real estate market's conditions.


Like it or not, selling your home can be a tumultuous time. As such, you may experience a wide range of emotions after you add your house to the real estate market.

Some of the most common feelings that home sellers may experience include:

1. Excitement

Selling your home can be exciting. In fact, the home selling process represents a time of change, one that enables you to move on to bigger and better things.

For home sellers, the sheer volume of home selling options may excite you as well. At this point, you'll need to consider the asking price for your home, whether to complete various home improvement projects and other home selling essentials. Plus, you'll need to consider where you'll go after you sell your residence.

With an experienced real estate agent at your disposal, you should have no trouble staying excited throughout the home selling process. Your real estate agent will ensure that you have a plan in place to sell your house and relocate after it sells.

Furthermore, your real estate agent will keep you informed about home showings, offers on your residence and much more. He or she will do everything possible to stir up interest in your home and create plenty of excitement about your residence among potential homebuyers too.

2. Sadness

When the time comes to finally leave your home, it can be difficult to relocate.

Sadness is common among home sellers, particularly as the home selling process progresses. For example, you may feel sad as you look back on all of the great memories of your house. And after you receive an offer on your residence, you may start to realize that your time in your current residence is running short.

If you ever feel sad during the home selling journey, reach out to your real estate agent. He or she is available to support you through the ups and downs of the home selling journey. Also, your real estate agent understands the challenges associated with selling a house and is happy to support you in any way possible.

3. Elation

Elation arrives on the day that you sell your house. At this time, a homebuyer will be ready to purchase your residence, and you and the homebuyer have agreed to terms. Now, you just need to finish the final paperwork, and you will complete the home selling journey.

Your real estate agent understands that the home selling journey may seem endless at times. However, this professional will offer expert recommendations and suggestions to ensure you can get the best results possible.

In addition, your real estate agent wants the home selling process to be seamless. To accomplish this goal, he or she will allocate the necessary time and resources to promote your residence to potential homebuyers. By doing so, your real estate agent will make it simple to accelerate the homebuying journey.

Employ a real estate agent to help you sell your house, and you can speed up the process of selling your house.




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