Downsize With Cash Using Your Home Equity

Many Tampa Bay owners can sell the current house and buy the next one without a mortgage by putting accumulated equity to work. If you live in areas like St. Petersburg, Brandon, or Westchase, the exact plan depends on price point and HOA or condo rules. For a quick walk-through of this month’s numbers, watch September 2025 Market Update | How buyers and sellers can win now.

Why more owners can buy the next home with cash

A growing share of owners are mortgage free, which increases the number of people who can fund a move with proceeds alone. That puts you in position to write a strong offer without financing terms and to close on your timing.

How to run the downsizing math

Start with a realistic net sheet. Subtract payoff, estimated closing costs, prep, and moving. Your net becomes the target budget for the next purchase plus your reserve cushion. For pricing steps that keep you aligned with the market, read Unlock Your Home’s Real Value and Price With Confidence This Fall.
Freddie Mac Primary Mortgage Market Survey

Cash offer tactics that help in Hillsborough and Pinellas

1. Provide recent proof of funds with masked account numbers.
2. Keep inspection timelines tight and include insurance items common in Florida.
3. Use a short rent back only if you need extra time to move.
   

Key takeaways

• Equity from your sale can fund a true cash purchase for the next home.
• Clean cash terms improve timing and leverage in many neighborhoods.
• Verify tax portability, insurance, and condo budget details early.