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Simplify Your Life
You have built a life in your home. Now it is time for the next chapter. Settle helps empty nesters and retirees unlock equity, reduce expenses, and find a home that fits the way you live today.
Downsizing is not about giving things up. It is about gaining freedom, flexibility, and financial breathing room.
Many Virginia homeowners have six figures of equity built up over decades. Downsizing lets you cash out and put that money to work for retirement, travel, or family.
Smaller homes and condos mean less yard work, fewer repairs, and lower utility bills. Spend weekends doing what you enjoy instead of maintaining a house you no longer need.
Many downsizers move into walkable communities, active-adult neighborhoods, or condos with built-in amenities. Less house, more life.
From 55+ active-adult neighborhoods to walkable luxury condos, Virginia has options for every lifestyle and budget.
Resort-style amenities, close to I-95 and VRE commuter rail
Maintenance-free living near the oceanfront and Town Center
Walkable to restaurants, museums, and the James River trail system
Near Dulles, metro-accessible, resort pool and fitness center
Golf course, clubhouse, and proximity to Historic Williamsburg
Downsizing is a financial decision as much as a lifestyle one. Here is how we help you understand the numbers.
Your downsizing financial roadmap
We calculate your current home's value minus payoff, closing costs, and Virginia grantor tax to give you a clear net number.
Using your net proceeds, we outline how much home you can buy, how much goes into savings, and how your monthly expenses change.
Under federal law, you can exclude up to $500K (married) or $250K (single) of capital gains on your primary residence. Virginia conforms to this exclusion.
We align both transactions to minimize disruption. Rent-back agreements and flexible closing dates keep you in control.
Find out how much equity you have built up and what downsizing could put in your pocket. Free, no obligation.
There is no perfect time, but many homeowners start thinking about it once the kids move out, maintenance becomes burdensome, or retirement income makes a smaller payment more practical. Virginia's strong seller market means your current home will likely sell quickly.
It depends on your mortgage payoff, home value, and closing costs. Settle provides a detailed net sheet before you list so there are no surprises. Virginia closing costs for sellers typically run 2% to 3% of the sale price plus agent commission.
If you have lived in your home for at least 2 of the last 5 years, you can exclude up to $250K (single) or $500K (married) of capital gains from federal taxes. Virginia follows the same exclusion. We recommend consulting a CPA for your specific situation.
We use rent-back agreements, flexible closing timelines, and sometimes short-term rentals to make sure you are never rushed. Many of our downsizer clients move once, directly into their new home.
Absolutely. We maintain relationships with 55+ and active-adult communities across the state and can get you tours, HOA details, and floor plans before you commit to anything.