Thinking About Downsizing? Here’s Why It Might Be Easier Than You Think

If you’ve been considering downsizing—whether to save money, be closer to family, or simply make life a little easier—there’s a growing trend you should know about:

More and more homeowners are buying their next place outright, without a mortgage. That means no monthly housing payment. And if you’ve owned your current home for a while, you might be in a position to do the same.

A Record Number of Mortgage-Free Homeowners

Recent Census data shows over 40% of U.S. homeowners now own their homes free and clear—the highest share ever recorded. A big reason? Many Baby Boomers have had the time to pay off their mortgages and are now sitting on significant equity.

If that’s you, your home may hold more buying power than you realize.

Turning Equity Into Freedom

Your equity can be the key to downsizing without taking on a new loan. Here’s how it works:

• Sell your current house.
• Use the proceeds to purchase your next home in cash.

That gives you the benefits of no monthly payment, lower costs if you move into a smaller home, and the peace of mind that comes with a simpler, faster transaction.

In fact, surveys show all-cash purchases are rising nationwide, and Baby Boomers are leading the charge.

Downsizing = Upgrading Your Lifestyle

The idea of downsizing isn’t about “less.” It’s about more freedom—more flexibility, more cash flow, and more time for the things (and people) that matter most. Imagine a home that’s easier to manage, costs less to maintain, and still supports the lifestyle you want in this next chapter.

Bottom Line

You’ve worked hard for your home. Now it’s time to let it work for you.
If you’re curious about what your house is worth and how it could help you downsize (or rightsize) into something that fits your life now, let’s talk.