Life can be simplified, utility and maintenance costs can be reduced, and a smaller home can accommodate life changes such as retirement or an empty nest. Health and mobility considerations may also be a motivator. Traditionally, these downsizers enjoy high equity in their homes if the mortgage is not paid off outright.

We normally think of baby boomers (born 1946-1964) as the largest demographic group downsizing. They have a large home and raised their family there but now, they want to take it easy and make a transition. Yet many millennials are also joining the ranks of the downsizing market, particularly those seeking urban living with smaller footprints. but millennials are also joining the ranks of the downsizing market, particularly those seeking urban living with smaller footprints. 

Our real estate leads list of downsizers can be filtered using several selects:

• Geography

• Estimated income

• Value of the home and square footage

• Children no longer residing in the household

• Property characteristics

• Level of home equity (LTV)

Real estate professionals who can help downsizers navigate a tumultuous new chapter in their lives will assuredly be successful.