If you’re a San Diego homeowner thinking about downsizing, whether to lower expenses, move closer to family, or simplify your lifestyle. There’s a growing trend you should know about:
More homeowners are selling their current home and buying their next property outright, without taking on a new mortgage. That means no monthly mortgage payments and a lot more financial freedom.
A Record Number of Homeowners Are Mortgage-Free
Recent analysis from ResiClub shows that over 40% of U.S. homeowners now own their homes free and clear—the highest number on record. Here in San Diego, that trend is especially strong among Baby Boomers and long-term homeowners who have built up significant equity.
If you’ve lived in your home for years, you may have more buying power than you realize. And that buying power could allow you to sell your San Diego home and purchase your next property in cash.
Why Downsizing in San Diego Makes Financial Sense
For homeowners who are mortgage-free (or close to it), using equity to purchase your next home in cash can be a smart move. Here’s why more San Diego downsizers are taking this route:
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No mortgage payment in retirement – Less financial stress as you age.
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More cash flow – Downsizing to a smaller or more affordable home frees up money for travel, family, or savings.
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Simpler, faster closings – Cash purchases can often close more quickly, with fewer contingencies.
The process is simple: you sell your current San Diego home, then use the proceeds to buy your next home in cash. It’s a strategy that more and more downsizers are using to stay debt-free and stress-free.
The Cash-Buyer Trend Is Growing
According to a recent survey from John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM), all-cash purchases are on the rise nationwide. San Diego is no exception, as many local Baby Boomers and empty nesters are choosing to downsize into smaller homes, single-level properties, or coastal condos—without financing.
For many, this isn’t about downgrading. It’s about upgrading lifestyle: lower housing costs, less maintenance, and more flexibility to enjoy retirement or spend time with loved ones.
If you’ve been thinking about downsizing in San Diego, your home’s equity may be the key to buying your next property in cash—allowing you to move forward without debt and with more financial freedom.
👉 You’ve worked hard for your home. Now it’s time to let your home work hard for you.
If you’re curious about what your San Diego home is worth and how downsizing could unlock the next chapter of your life, let’s connect. Contact Sam Fakih at Compass today for a personalized home valuation and downsizing strategy.
📞 (858) 255-1010
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