Bailey & Company Blog

Never Forever

Posted: September 11, 2019 by Bailey Gordon

Is there really a forever home?

Let’s be honest here, I sell homes for a living and I’m clearly an advocate to moving; However, I’m also a dreamer and love the fairy tale story of the forever home that you buy young, invest your blood, sweat and tears and grown old into.

After being in the real estate industry for over 15 years now, I have been gifted the opportunity with some clients repeatedly. There’s no better compliment than a client calling you a few years after their purchase and saying its time to do it again! But that brings me to my thought process here. The typical cycle of home ownership in today's society starts with your first home as a single person, you then marry, buy something larger with your spouse, start a family, move again, family grows, move again… and then once the kids are grown, it’s time to downsize, maybe the master is better suited on the first floor to avoid steps where before you wanted to be on the same floor as your kids.

The scenarios are endless and there is no right or wrong way to do life. We all move at our own pace, on our own schedules, with life’s hurdles in between. The problem here is this misconception that your forever home should be purchased in your 30’s, or even 40’s.

Life is going to change! Your circumstances will change! The dream kitchen with the large drawers might end up being a picture of smaller drawers to make room for a small child cooking with you in the kitchen, your twin girls may eventually decide they don’t want to share a room… your son leaves for college but college is in the exact same town with his own living space and he won’t be coming home for the summer, he’s already home, in his home.

Be open minded, stay open to the possibilities that will present themselves in the next 3, 5 or even 7 years. And most importantly, position yourself, if possible, to have equity in your home allowing you to make the move that is calling you. Fall on the advice of your realtor, your mortgage lender, and a financial advisor to point you in all the right directions!

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