10 Things You Should Know About Selling Your Home to Downsize in Retirement

It's no picnic selling your home at any stage of life. Retirement has its own challenges and solutions.

two older people next to house for sale sign
(Image credit: Getty Images)

Kay and Jim Schlembach could be considered America’s poster children for downsizing. After a career at ExxonMobil in Houston, Jim retired at age 62, and the couple bought a 3,200-square-foot contemporary on a wooded lot in Clifton Park, N.Y., near Albany. 

It was a big house to entertain their kids and grandkids. But the Schlembachs had  a strict 10-year timeline. Now at ages 62 and 72, respectively, Kay and Jim have decided to downsize to their 850-square-foot condo in Richmond, Va.

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Contributing writer

Laura Vecsey is a former sports and political columnist for major daily newspapers in Seattle, Baltimore, Albany NY and Harrisburg PA. She has also done extensive writing about real estate with Zillow, StreetEasy, Keller Williams and eXp Realty. She has contributed to numerous news publications (The New York Times, The Guardian, AARP, DC Report) and is a licensed real estate agent in Saratoga Springs, NY.