The change of seasons often comes with the itch to make other changes, including at home. Sometimes those changes include downsizing from a larger home to a smaller dwelling.
With students returning to college, and recent graduates setting in new jobs with plans to venture out on their own, the house may seem a little more empty. Or maybe you are on a mission to Marie Kondo your life, and the first step is majorly scaling back your belongings to live more simply in a smaller space.
If you’re considering downsizing your home, below are several questions to ask yourself to help you determine whether the time is right.
Last month, the Federal Reserve implemented its second interest rate hike of the year and indicated there could be two more rate hikes to come in 2018. Understandably, the news created some buzz in the housing market as the Fed Funds Rate affects mortgage rates.
While mortgage rates have been gradually on the rise, it shouldn’t deter prospective buyers from purchasing a home if they have the means to do so. Here are a few things home buyers and sellers should keep in mind: