According to the FNB estate agents survey for the second quarter of 2016 the largest category of sellers, 26%, are those selling in order to downscale due to life stage. The report states that this is due to the strong growth in the 50+ cohorts numbers. The report further said that this form of down-scaling refers to those sellers who desire a smaller home, usually either because they are getting older or because their offspring have left home. However, there are other various factors that also influence why home owners decide to downscale - financial reasons, security factors, the desire to reduce your home's maintenance costs etc.
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