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Life Stages - Away Grasshoppers

The kids have left and the home you purchased years ago has appreciated tremendously.

Do you still need four bedrooms and three full baths? How much is your Old Town, Del Ray, Kingstowne, or Manchester Lakes home in Alexandria VA worth today?  Should you downsize and buy a condo? Often, condos are the perfect move for a downsizing lifestyle. With no exterior maintenance, you eliminate the worry about roof repairs, foundation cracks, and ease into a more relaxed lifestyle.

What about that home that you held on to when you were single? It should be generating a substantial amount of passive income to supplement your earned income. Should you refinance your home and keep it? Don’t be turned off by an interest-only mortgage or a reverse mortgage. If your income has decreased, these types of mortgages give you more options with regards to your monthly payment.

Now is a great time to see a financial planner. What would it take for you to officially retire? If you started saving when you were ‘Stepping Out’ and never stopped, then you’re in great financial shape thanks to the phenomenon of compound interest. This is still a great time to add real estate to your investment portfolio. If you’re close to retiring, take the time to investigate where you’d like to retire. Would it make sense to buy a rental home where you plan to retire? If appreciation rates are steady, it can be justifiable to buy your next home where you’d like to retire, and buy at today’s dollar. Rent out your new home, and when you’re ready to move, your mortgage payment will be based on yesterday’s price. With a fixed income, you’ve successfully executed a plan to continue living with the comforts that you’re used to today.

As top Alexandria VA real estate agents specializing in Old Town, Del Ray, Kingstowne, and Manchester Lakes, we've helped many families downsize and a lot of them attribute some of their wealth to the purchase of real estate years ago (and keeping it!). Put our experience to work for you. Whether you're looking for a luxury resort-styled condo, a waterfront townhome, or a smaller condo walking distance to metro or city life, use our website to browse the MLS and see homes for sale, and we'll help you downsize into a new home.

 

 

 

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OLD TOWN HOMES FOR SALE

 

 

$350,000 and Under
$350,000-$500,000
$500,000-$750,000
$750,000-$1Million
$1Million+

DEL RAY HOMES FOR SALE
 

$350,000 and Under
$350,000-$500,000
$500,000-$750,000
$750,000-$1Million
$1Million+

KINGSTOWNE HOMES FOR SALE
  $350,000 and Under
$350,000-$500,000
$500,000-$750,000
$750,000-$1Million
$1Million+
MANCHESTER LAKES
  $200,000 and Under
$200,000-$300,000
$300,000-$400,000
$400,000-$500,000
$500,000+
   

FEATURED HOMES

Alexandria VA Real Estate And Homes For Sale

Old Town Homes For Sale
Old Town Short Sales
Old Town Foreclosures
Old Town Condos For Sale
  Kingstowne Homes For Sale
Kingstowne Short Sales
Kingstowne Foreclosures
Kingstowne Condos For Sale
  Del Ray Homes for Sale
Del Ray Short Sales
Del Ray Foreclosures
Del Ray Condos For Sale
Tiers Condos For Sale
Victoria Crossings Condos
Surrey Condos For Sale
Essex House Condos For Sale
Manchester Lakes Townhomes For Sale
Chancery Condos For Sale
Eton Square Condos For Sale
Old Town Greens For Sale
Old Town Village For Sale
Tamara Inzunza Canal Place Condos For Sale
St Asaph Square For Sale
Colecroft Homes For Sale
Harbor Terrace Condos For Sale
Riverton Condos For Sale
Potomac Greens Homes For Sale
Old Town Crescent Condos For Sale
Yates Gardens Homes For Sale
Liberty Row Condos For Sale
Tamara Inzunza Fords Landing Homes For Sale
Nethergate Homes For Sale
Westover Homes For Sale
Carlyle Towers Homes For Sale
Braddock Lofts Condos For Sale
Quaker Hill Homes For Sale
1600 Price Street Condos For Sale
The Royalton Condos For Sale
Torpedo Factory Condos For Sale

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