5 Important Steps for Downsizing Your Family Home

When downsizing their homes, many families are left with more liquid wealth than they are accustomed to. With appropriate financial and emotional planning, downsizing offers financial freedom and flexibility.

Through our experience with clients and with the assistance of thought leaders within the residential real estate industry, we have organized a list of five things that can help the process of downsizing:

  1. Identify What and Where the Alternative Home Will Be
  2. Identify Your Age and Stage in Life (An Audit of Yourself!)
  3. Identify Your Financial Freedom and Flexibility
  4. Identify Appropriate Investment Counselling
  5. Prepare an Emotional Plan and a Wealth Plan

Watch our video for an in-depth discussion of these five steps.

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