Should You Downsize and Buy Your Next Home in Cash?

If you’ve been thinking about downsizing but haven’t made the move yet, this might be the sign you’ve been waiting for.

Thanks to rising home values in recent years, many homeowners—especially baby boomers—are sitting on a surprising amount of home equity. That equity can be the key to making a smart move into a smaller home… and even buying it in cash.

Home Equity: A Powerful Tool to Help You Downsize

According to Freddie Mac, boomer wealth has grown by an average of $486,000 per household since the pandemic—and half of that is due to home price appreciation.

That means many current homeowners now have the opportunity to sell their current property and use the profits to downsize into a smaller, more manageable home—often without needing a mortgage.

And more and more people are doing just that.

All-Cash Buyers Are on the Rise

There’s been a major shift in the market over the past few years. With so much equity in hand, a record number of buyers are purchasing their next home in cash. In fact, 2024 has seen a dramatic rise in all-cash purchases across the country.

Why does this matter?

Because in today’s competitive market, cash buyers have a serious advantage.

Benefits of Buying a Home in Cash

If you’re downsizing and able to pay cash, here’s what you gain:

• ✅ Your offer is more attractive to sellers

• ✅ You can often close faster

• ✅ You’re not affected by today’s mortgage interest rates

• ✅ No monthly mortgage payments = more financial freedom

As The Mortgage Reports explains, many downsizers don’t even need mortgages anymore. Downsizing often creates a healthy financial gap between your home sale and your new purchase—freeing up cash for travel, family, or savings.

Thinking About Downsizing in 2025?

Whether you’re thinking about retiring, simplifying your lifestyle, or relocating to a more manageable property, now may be the perfect time to find out how much equity you’ve built—and how far it could take you.

💬 Let’s connect and run the numbers. You might be able to make your next move completely mortgage-free.

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