Step 1: Dream, research and strategize
Data from the National Association of Realtors shows downsizing overall hasn’t gone up significantly, despite the boomer population bulge. The real estate bust, stock market collapse and tighter lending have made it harder to make a move. But there are more tools than ever on the Internet, and more homebuying alternatives to consider in the search.
Tip: Start by dreaming a bit. And think of different scenarios. What matters most? Will you trade low cost for convenience? Do you want the city? A rural life? Don’t lock in on one target too soon.