A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.
In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:
A smaller home means less space, but it also means less time, stress and money spent on upkeep. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less...
Norris & Company Real Estate would like to welcome Fredi Ash who recently joined their professional team. She comes to our organization originally from New York City and Northwestern New Jersey. While not a native of Florida, she has always been a frequent visitor, graduating from Rollins College in Winter Park and visiting family here in Vero Beach for 20+ years. She and her husband really enjoyed the lifestyle and all Vero Beach had to offer including the wonderful beaches, so they relocated in 2013.
Fredi was a Vice President for JP Morgan Chase in New York before starting her real estate career in 2000 at Coldwell Banker in Mendham, NJ and most recently working for Sotheby’s International Realty in Basking Ridge, New Jersey. Fredi’s expertise in negotiating, problem solving, and integrity have served her well throughout her career in real estate. She believes two of the largest decisions you will make in your lifetime are buying and selling a home, therefore choosing a Real Estate Professional is very important.
Fredi has always been active in the community, neighborhood associations and civic groups. She has been deeply involved with organizations such as Habitat for Humanity, Junior League, Board of Trustees at Gill St. Bernards School and...
During a recent Norris & Company sales meeting, Top Performing Agents for the month of February were announced.
Jane Schwiering, Beth Livers, Peggy Hewett, Steve Owen and Dan Downey attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Beth Livers, Debbie Bell, Travis NeSmith, Peggy Hewett, Bob Faller and Lucy Hendricks.
According to Fiserv Case- Shiller the housing market will continue to grow, some areas more than others. Business Insider has put together a list of the top 15 Best Housing Markets and the 15 Worst based on the data. You can read the article below from MSN Real Estate.
Best and Worst Housing Markets in the next 5 Years
Norris & Company Real Estate recently recognized their October 2012 Top Performing Associates.
Debbie Bell, Bob Faller, Jane Schwiering, Lucy Hendricks, the team of Beth Livers & Sherry Brown and the team of Gena Grove & Andrew Harper attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Peggy Hewett, Lucy Hendricks, Gretchen Hanson, Bob Faller and the team of Beth Livers & Sherry Brown....
Norris & Company Real Estate recently recognized their September 2012 Top Performing Associates.
Debbie Bell, Erika Zeck and Peggy Hewett attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Jane Schwiering, Bob Faller and the team of Beth Livers & Sherry Brown.
Norris & Company Real Estate recently recognized their August 2012 Top Performing Associates.
Bob Faller, Debbie Bell, Chip Landers, Jane Schwiering and the teams of Gena Grove & Andrew Harper and Beth Livers & Sherry Brown attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Jane Schwiering, Brenda Dwight and the teams of Beth Livers & Sherry Brown and Gena Grove & Andrew Harper.