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Moving Down or Up

Does moving down makes sense?

1. Are you considering retiring?
2. Is your home much bigger than you need?
3. Have your children, relatives and friends moved away?
4. Will you be able to afford your real estate taxes? What if they double?
5. Does your home need constant maintenance and repair?

Does moving up makes sense?

1. How much equity do you have in your home?
2. Has your income increased enough to cover the extra mortgage costs and moving?
3. Can you add on or remodel? If you have a large yard, there might be room to expand your home.
4. How are interest rates? A low rate not only helps you buy more home, but also makes it easier to sell.