Do you want to own your own condo or house at a low price, low payment and still be able to be financially secure?

I remember many years ago when we bought our first house; sold it at a profit 8 years later, bought up again, and again. Made some profit for sure; isn’t that what we were supposed to do?

My husband and I also continued to buy “stuff”, because with a bigger house, you need to buy more things to fill it. It also meant buying two cars, commuting to work, etc. Many of us only realize after we buy the big house and the closets of clothing and toys that we have too much stuff and too many financial obligations. Unwinding ourselves from the financial burdens of a big house payment or car lease can be difficult, especially in this economy.

Therefore I have been noticing some changes not only in my family and friends but clients as well who want to downsize. How does one do that?

Make small changes little by little, not all at once. Do not discard all everything at once.

Think about what you want, not what you think you’re supposed to want.  Do not care about the Joneses. We used to want to be like the Joneses, and that only got many of us into debt.  Live below your means because you want to.

Save your money. Even if you earn little interest, at least you saved it.

Depend on spending as little as possible weekly so it is considered a fixed expense. The rest is yours to do whatever you want to do with it – save in savings account, and so on.

You will have less debt, perhaps live in a smaller home or condo and have less obligations. No doubt, you will be happier!

This is a Smoketree Townhome, built by Warmington,  located between Harbor and Chapman streets, close to Disneyland Resort, Crystal Cathedral, buslines, shopping, restaurants and more.

It consists of 3 bedrooms , 2 bathrooms upstairs, and 1/2 bath downstairs. Direct access from the garage to the house. Step saving kitchen makes dining a delight in the dining area off the kitchen.  Warm cozy fireplace is so nice during those cold winter nights!

Living space is about 1392 square feet.  Walk from your attached garage directly into the home; This gives you a good feeling of security.  Front patio great for your small animals and children.  Great for bar-b-que!

Wow!

Sold in February, 2010 and the new buyer has already moved in.

This is another one story end unit that looks like a little house. It is a 3 bedroom, 1.75 bath home that the seller recently remodeled and updated. This is a stand alone condominium that is also an end unit.  Really nice!

We had an open house and multiple offers. Property is located in a Planned Unit Development, otherwise known as a PUD.

Sold for $300,000. It should have sold for more but there are new rules and guidelines for appraisers these days and therefore it did not appraise at the higher sales pice.  I shall be having a post later on about appraisals and values of property.