🏡 How Much Does It Cost to Downsize Your Home in Redmond, Oregon?

If you’re thinking about downsizing, one of the biggest questions is:

👉 “What is this actually going to cost me?”

Because while downsizing often saves you money long-term, there are upfront costs you need to plan for.

Let’s break it down clearly.

💰 The 3 Main Costs of Downsizing

1. Selling Your Current Home 🏠

Typical costs include:

• Real estate commissions

• Closing costs

• Prep (cleaning, small updates, staging)

👉 Estimated range:
5%–8% of your home’s sale price

2. Buying Your Next Home 🔑

Even if you’re downsizing, you’ll still have:

• Loan costs (if financing)

• Closing costs

• Inspections + appraisals

👉 Estimated range:
2%–4% of purchase price

3. Moving + Transition Costs 📦

This is the part people underestimate.

Includes:

• Movers

• Packing supplies

• Storage (if needed)

• Temporary housing (sometimes)

👉 Estimated range:
$2,000 – $10,000+ depending on situation

📊 Real Example (Redmond Downsizer)

Let’s say:

• You sell your home for $650,000

• Buy a smaller home for $425,000

Costs might look like:

• Selling costs: ~$32,500 – $52,000

• Buying costs: ~$8,500 – $17,000

• Moving costs: ~$3,000 – $7,000

👉 Total estimated cost:
$44,000 – $76,000

🧠 But Here’s the Bigger Picture

Even with those costs:

👉 Many downsizers still:

• Lower monthly payments

• Reduce long-term expenses

• Free up equity 💰

🧩 Real Story

A homeowner I worked with hesitated because of the upfront cost.

After we mapped it out:

• They realized their monthly savings would offset costs quickly

• They gained financial flexibility

👉 Result:
They moved forward confidently instead of guessing.

⚠️ Biggest Mistakes to Avoid

❌ Only looking at short-term costs

You need to look at long-term savings too

❌ Not getting real numbers

Online estimates are often off

❌ Forgetting hidden costs

Storage, overlap time, repairs—these add up

🧠 What You Should Do Instead

Before you decide:

✔ Know your home’s current value
✔ Understand your net proceeds
✔ Compare monthly before vs after

👉 That’s how you make a smart decision.

❓ FAQ — Downsizing Costs

Is downsizing expensive upfront?
→ Yes—but often worth it long-term.

Can I downsize without a mortgage?
→ Many people can, depending on equity.

How long until I “break even”?
→ Often within a few years based on savings.

📍 Next Step

If you’re thinking about downsizing:

👉 Don’t guess your numbers—know them

That’s where clarity (and confidence) comes from.

👋 Holli Cobb, REALTOR

Real Estate Agent in Redmond, Oregon
Holli Sells Homes | REAL Broker
📧 [email protected]

🌐 HolliSellsHomes.net
📞 541-640-3800