For Retirees, Downsizing to a Smaller Home Isn’t the Cash Grab It Once Was

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For Retirees, Downsizing to a Smaller Home Isn’t the Cash Grab It Once Was

Published Wednesday 22 June 2022

When Linda and Gary Hansen downsized in 2014, they made out pretty well. They sold their 3,300-square-foot St. Louis home for $325,000; trading down for a 1,900-square-foot house in Largo, Florida — and banking about $40,000 in the process. They paid in cash, so there was no new mortgage payment to worry about, and got to achieve their dream of retiring by the beach. (Their house is a mere two miles from the coast).

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Details About the Article "For Retirees, Downsizing to a Smaller Home Isn’t the Cash Grab It Once Was"

This article was originally published by Money and was recommended by Realty48.com a couple of days later due to its popularity. It has gotten a lot of attention and 12 comments have been submitted since it was published in June of 2022. The article "For Retirees, Downsizing to a Smaller Home Isn’t the Cash Grab It Once Was" is a news post and categorized as Realty by realty48.com and the main topics includes Business, Economy, Florida Business, Florida Real Estate, Florida State, Housing Prices, IRS, Largo FL, Miami FL, Orlando FL, Real Estate, Real Estate Brokerage, Retiree & Retirement Income.

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