Downsize From Franklin TN
We would love to downsize, but where would we go? […]
We would love to downsize, but where would we go?
This is the question our team is asked every single day. Many families in Franklin, TN, would love to sell, downsize and cash out. However, their biggest problem is figuring out where they would move. Many Franklin, TN, residents love the area and don’t want to move out. The ones that are most apt to want to move are the ones that have been around long enough to see the country feel melt away as it embraces a more cosmopolitan environment.
Another big reason people want to sell their homes is to cash out on some equity. Franklin, TN, has experienced a healthy appreciation rate over the past several years. Even with the recent home market slowdown, many homeowners have doubled or tripled their home value. People that are planning their retirement want to sell, save some equity, and shift the balance into their retirement property.
Top 3 reasons people move out of Franklin, TN
- Job Opportunity Elsewhere
- Downsizing to Another County
- Retiring to the Beach or Lifestyle Community
Although the job market in the greater Nashville area is strong, there are always opportunities across the country. Some families that are seeking to climb the career ladder are pleased to move just about anywhere to accomplish that.
This next one may surprise you, but the top 3 counties people move to from Franklin, TN, are all in Tennessee!
Top 3 Outbound Locations
- Davidson County
- Maury County
- Rutherford County
Many retirees are enjoying the new condo options in Davidson County. They are downsizing and moving to those because of the close proximity to Green Hills, West End, and Downtown Nashville. A condo has minimal maintenance. In addition, access to shopping and restaurants is extremely convenient and appealing. Many homeowners that are making this type of lateral property move don’t mind paying the same as their profit in exchange for the luxury living these new highrise condos offer.
Homeowners that are moving to Maury and Rutherford are frequently upsizing. They usually are looking for the same type of home they have in Franklin, TN but with more land.
Have you been thinking you want to downsize? We’d love to help! Schedule your strategy meeting today.
