503 Service Unavailable

No server is available to handle this request. Downsizing Archives | Fairfax Real Estate Blog ody>

503 Service Unavailable

No server is available to handle this request.

Category Archives: Downsizing

It Might Not Be A Good Decision To Wait For Mortgage Rates To Come Down

access_timeDecember 17, 2022personThierry Roche

Sometimes, you want to wait for something to come down – a fever, a price on a video game system, etc. However, it might not be a good decision to wait until mortgage rates come down. Here’s the reason. If you’re decision to wait is correct, and the rates do come down by two percent, […]

Should You Downsize? Here Are Some Options

access_timeDecember 7, 2022personThierry Roche

Some homeowners decide to downsize – normally in their 60’s and 70’s – to smaller homes for reasons such as convenience, less maintenance, a change of lifestyle or even to just save money. Those homeowners are more likely to have large equities and don’t normally feel the same constraints as younger homeowners, including the substantial […]

Ready For Retirement?

access_timeNovember 14, 2022personThierry Roche

August 14, 1935 – this date was the establishment of Social Security, which was a breakthrough movement in caring for our country’s elderly during their retirement years.Today, about 65 million or 1/6 of Americans collect benefits and the average monthly retirement amount received in January 2022 was $1,614 per month or about $19,370 per year. […]

Resources Just For Homeowners

access_timeNovember 11, 2022personThierry Roche

There are some very difficult decisions which can tend to arise when you’re a homeowner. Sometimes, those decisions are what can make or break the idea of renting vs buying. If you think about it, the idea of an asset which is worth hundreds of thousands of dollars can be slightly terrifying to some! Not […]

Home Affordability Through Buydown

access_timeOctober 8, 2022personThierry Roche

“It’s a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for the median-priced home.” Nadia Evangelou, NAR Economist. What this means is that the rapid rise in mortgage rates during 2022 is coupled with continued appreciation of home prices. This has limited the number of […]