Trooper
Full time employment: Posting here.
DW and I are retired and contemplating whether to downsize soon. We are in an approximately 3,000 square foot home now and looking for places in the 2,200 square foot range. Primary objectives would be to reduce the maintenance burden.
Realtor commissions and various other selling costs will amount to ~$40K. Assuming we will eventually sell our house - if not now then at some point 5-10 years down the road - are these costs relevant in the decision? My first thought was: I could buy a lot of maintenance for $40K, so why not stay in our current home? But...if we need to pay it anyway it's not really a cost that goes away.
Any thoughts from those who have wrestled with this?
Realtor commissions and various other selling costs will amount to ~$40K. Assuming we will eventually sell our house - if not now then at some point 5-10 years down the road - are these costs relevant in the decision? My first thought was: I could buy a lot of maintenance for $40K, so why not stay in our current home? But...if we need to pay it anyway it's not really a cost that goes away.
Any thoughts from those who have wrestled with this?