How downsizing serves up a dream lifestyle with more time for tennis!
Tony and Anne want to move from the family home to an apartment but are struggling to find the cash deposit.
Meet Tony (68) and Anne (66), a couple who are excited to start the next chapter of their lives in retirement.
They have decided to sell their family home and downsize to a brand new off-the-plan apartment.
The apartment will be easier to maintain, freeing up more time for leisure activities like playing tennis, which they both love.
Additionally, the apartment’s location is much closer to their son and his partner, who have two little girls. Both Tony and Anne love to spoil those adorable grandchildren with gifts and attention.
There’s just one problem.
Tony and Anne are struggling with the financial challenge of funding the deposit on their new forever home. It’s become a roadblock. They don’t have that kind of money in savings and they certainly don’t want to raid their superannuation!
Bridging the gap so you can buy before you sell
A friend who attended Tony and Anne’s recent ruby wedding anniversary celebration suggested the option of a bridging loan. But their bank refused them because of their age and retired status.
Thankfully, the sales agent at the new development told Tony and Anne about our Downsizer Bond. It’s a unique cashless product that allows buyers to exchange contracts and secure their new dream property, without having to put down a cash deposit.
To be eligible for a Downsizer Bond, you just need to have sufficient equity in your current owned home and pay a one-off transaction fee. You can discover quickly and easily if you are eligible here.
Downsizing serves up the dream lifestyle … with financial benefits
By downsizing to the new apartment, Tony and Anne will gain the lifestyle they desire while also freeing up some of their capital. They want to clear their mortgage and top up their super to boost their retirement income. They might also help their son with some money to help him reduce his mortgage.
The apartment they want to buy has 3 bedrooms, 2 bathrooms and a balcony that is big enough for outdoor furniture and pot plants. The development is both pet and child-friendly with a children’s play area, a communal garden … and a tennis court.
Overall, Tony and Anne are excited about their new chapter in life, where they can enjoy their retirement in a convenient location, play tennis every day and spend more time with their granddaughters.
And the new apartment is in a security block, so if they want to go travelling, they can just lock and leave.
In short, for Tony and Anne, downsizing means more time and money for the good things in life!
Smooth your move with a Downsizer Bond
Downsizer is helping an entire generation to downsize the chores, forget any money worries and upsize the good things in life!
You can find out more about a Downsizer Bond by reading the FAQs on our website.
See what’s possible with Downsizer!
Keen to learn more about downsizing? Contact me at Downsizer for a quick, obligation-free chat about your home-buying needs. We welcome your questions and messages.
