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Has Your High School Senior Just Graduated ? Now Might Be A Great Time to Move !

There are many times throughout the year when folks feel it might be just the right time to move.  Perhaps right after the Holidays, perhaps then the leaves begin to fall and it looks like an early Winter.  There are many times when it feels like it's time.

One of those times, I have seen in the past with many families, is during the Summer when their High School Senior graduates in June, and is headed off to college.

Of course, there's that extra room, now.  You know... the one she never wanted to clean up.  It's empty, now.  But, maybe you already HAD an extra room, and now you've got two of them.

Of course, with your "senior" gone away to school... lots of different emotions roll through your head... especially if you're the Mom.  Not only do you begin to miss your "baby" even before she goes off to college... you just KNOW the day you drop her off where she will spend the next four years... that it's just not going to be a good day.

Well... time to put on that old thinking cap... if they still make such a thing... and let your imagination run with it.

I''ll bet you've been thinking about this for awhile.  Not right up front, but perhaps you've had the idea about moving... up on a shelf in the back of your mind for quite some time.

So, what will it be ?  A smaller, cozier home ?  Perhaps a condo or a townhouse ?  With the rates so low... you will probably be able to get a mortgage rate UNDER five percent.

Also, remember... a thirty year mortgage, or a fifteen year mortgage, even, should be easier for you to get than most folks... because you probably have a great history of making those mortgage payments on time... for quite a while.

So, think about it.  Kick it around for awhile.  Why continue to heat and/or cool those empty rooms the kids have left behind ?  And, when the sale of your present home is complete, you just might be able to put a large chuck of your equity down on the newer, smaller home... and be able to pay off many or even all of your existing bills.  How great that would be !

Think about it, Mom and Dad.  This just might be the perfect time to downsize.

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* Photo courtesy of Marilyn Boudreaux

Comment balloon 19 commentsKaren Anne Stone • June 30 2010 10:47PM

Comments

Karen, when I left for college in 1965, students couldn't come home until Thanksgiving in order to force us to acclimate, I guess.  For some reason, the dean gave us a free weekend.  I rode 7 hours home to see my mom to surprise her.  I grabbed my bag, ran up the steps to the front door, and pushed open the door yelling, "Surprise".   Was I ever?  My mom had bought a house planning to surprise me in November.  The poor people in the old house thought they were being invaded.  Thank heavens Mom kept the old phone number and the people let me use the phone...boy, was I embarrassed.  It was a funny story told many times over the years.

Posted by Linda Hinson (S & L Properties) over 8 years ago

Linda:  That is just an awesome story.  I think you should write a blog post about it.  I am sure folks would love to hear about that.  And, you could even put a link in your post... to THIS post... which would make it all make even more sense.

That is just hilarious.  I can even close my eyes and see you yelling SURPRISE !  Yes... I bet they really WERE surprised.  That is a great story.  Thank you so much for sharing it.  Take care... and have a Great Fourth of July Weekend !

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 8 years ago

What a great post Karen Anne.  This is a good time to downsize and especially when interest rates are so low.

Posted by Ricki Eichler McCallum, Broker,GRI,ABR, - Your Coastal Bend Home Source (CastNet Realty) over 8 years ago

Karen Anne -- a great post..  It made me think... now that the kids have flown the koop.. it's time to downsize before they try to return....  LOL

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) over 8 years ago

Great post Karen Anne..............this is an issue so many parents face when their little "chicks" leave the nest...........you got them all thinking.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 8 years ago

When I was an empty nester buying my first house (before I became a Realtor) the Realtor I had advised me against buying a house with secondary bedrooms of substantial size. He said I didn't want "them" to come home. We found the perfect home. Karen Anne, you will have to let us know how many houses you sell on this sales pitch.

Two American Flags with Banner

Posted by Teral McDowell (Referral Patners LLC) over 8 years ago

Good post. I just had a Staging Consultation today with the family who is downsizing because their older daughter is leaving to college. Smart dessision especially with current economy.

Posted by Anna Dovger, Home Staging -The Woodlands, TX (Add Value Home Staging LLC, 281-704-6607) over 8 years ago

Good morning Karen Anne,

I get lots of calls at this time of year as now reality sets in that life as they knew it is changed forever. Making a move in  housing needs surface and becomes a priority!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) over 8 years ago

Karen Anne - Good point on graduating kids and what it can mean to homeowners.  Thanks for sharing this idea for marketing.

Posted by Susan Brown (Keller Williams NE, Kingwood Texas (Humble & Atascocita too)) over 8 years ago

a fellow night owl I see :)  Very timely post and great idea I am plugging you for a feature!

Posted by Marilyn Boudreaux, Lake Charles LA Century 21 Realtor (Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s) over 8 years ago

"Sayonara, kid!" (shouted as former family home rapidly fades from sight in the rearview mirrow)

Happy TGIF,

Robin

Posted by Robin Rogers, CRS, TRC, MRP - Real Estate Investment Adviser (Robin Rogers, Silverbridge Realty, San Antonio, Texas) over 8 years ago

Hi Karen Anne, it is very common to see homes here come on the market right after a youngest child graduates. It is great timing for sellers as the summer months are always busy, especially with buyers looking to get into a home before the school year begins. Hope all is well.

Posted by Dan and Amy Schuman, Luxury Home Specialists (Howard Hanna Real Estate Services) over 8 years ago

Hi, Karen Anne. It's surprising how many people are ready to move when a child graduates from high school, or who want to get settled before one starts high school. Good post and very timely now that another round of graduations have just occurred!

Posted by Leslie Helm, Real Estate For Trail Riders (Tennessee Recreational Properties) over 8 years ago

Thanks Karen Anne I will have to re-blog now!

Posted by Marilyn Boudreaux, Lake Charles LA Century 21 Realtor (Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s) over 8 years ago

I think I traumatized my daughter when she went to college.  Her friends all had mom's who were sad to see them go and who turned their bedrooms into shrines - eagerly awaiting their visits home.  Not me...I started moving her stuff out before she had left the driveway.  I couldn't take over that room fast enough!

Posted by Sharon Tara, New Hampshire Home Stager (Sharon Tara Transformations) over 8 years ago

Hi Karen Anne... Living Small is my new motto and this time of year, with High School and College graduatuons past us, is a great time for folks to consider downsizing!

Posted by Steve Shatsky over 8 years ago

Karen I am so there.  Today I even saw an example of a perfect smaller home but my husband is not there yet,  The extra space meant expanded music room.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 8 years ago

Karen I am so there.  Today I even saw an example of a perfect smaller home but my husband is not there yet,  The extra space meant expanded music room.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 8 years ago

My son left to his first year of college and I cried and cried. His room looks so lonely and empty.

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties) about 3 years ago

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