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Probably a stupid questions but should we downsize?

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  • davilown
    davilown Posts: 2,303 Forumite
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    Crashy_Time wrote: »
    How many offers have you had?

    If you read the post, you would have to ask
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    davilown wrote: »
    If you read the post, you would have to ask

    That is why I`m asking (only joking)
  • davilown
    davilown Posts: 2,303 Forumite
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    Crashy_Time wrote: »
    That is why I`m asking (only joking)

    Not in the market
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    davilown wrote: »
    Not in the market

    Ok, I see that having skimmed the whole thread. Isn`t the best way to get a feel for the value to market it and take some offers? You will mainly get just echo chamber feedback on here that it is worth what you want to sell it for IMO.
  • davilown
    davilown Posts: 2,303 Forumite
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    Crashy_Time wrote: »
    Ok, I see that having skimmed the whole thread. Isn`t the best way to get a feel for the value to market it and take some offers? You will mainly get just echo chamber feedback on here that it is worth what you want to sell it for IMO.

    Thanks but i was after thoughts of downsizing our house in order to be potentially mortgage free by moving to an area that has cheaper housing stock. This way I’d be able to future proof plus against any downturn in the market that may or may not happen sometime this decade.
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    To answer your original question, IMO you should stay where you are, enjoy the space to live your house provides you, and pay off the loan and CC first, then work on overpaying the mortgage, on your income you should be clearing credit cards every month or running on cash anyway IMO.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    davilown wrote: »
    Thanks but i was after thoughts of downsizing our house in order to be potentially mortgage free by moving to an area that has cheaper housing stock. This way I’d be able to future proof plus against any downturn in the market that may or may not happen sometime this decade.

    Not really cheaper housing stock though is it, more just a smaller house?
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