Selling Your Home for Seniors: What You Need to Know
Selling your home in your senior years offers many advantages. Most seniors have either paid off their residence or at least a substantial portion of the mortgage, so they stand to reap handsome rewards from the sale. Also, many seniors feel their current home is too large for their needs, either due to children moving out or changing physical abilities and interests. Whatever your reason for wanting to sell, the tips in this post can help you to handle the transaction and the moving process afterwards. Let's begin by looking at the psychological impact that selling your home and moving to a new location can have.
A Lifetime of Memories in 2,000 Square Feet of Space
Today's new homes average 2,598 square feet in size, according to CNN. Older houses were, as a whole, much smaller. But, no matter how large your home, the emotions and memories that come with it dwarf its physical dimensions. So, before you decide to sell, ask yourself these questions:
- "Why do I want to sell?" Is it because the home no longer meets your needs? Are you troubled by neighborhood developments or trends in property values? Is anyone pressuring you to sell, or is the choice entirely yours? Considering these factors can help you to decide if putting your home on the market is the right move at this time.
- "Will I need help moving?" Relocating is both physically and mentally stressful. Along with the practical chores of toting boxes and loading a moving truck, you should consider the emotional impact of going through your possessions and deciding what to keep and what to either sell, donate or throw away. Are you ready for the feelings you will face?
- "Where should I move?" Downsizing offers many benefits, according to CNBC. It can enable you to upgrade to a more modern house with features like central climate control and built-in cable TV and high-speed internet access. It can reduce the amount of time you spend doing yard work. But it will also mean adjusting to new surroundings,
Now that we've looked at some of the things you should ask yourself, let's consider some ways to make the move as pleasant and stress-free as possible.
Hire an Agent
You should probably hire an agent to handle the sales and closing process unless you're skilled in dealing with real estate matters. An agent has the knowledge and the background to handle the transaction as smoothly as possible. The agent can show the home, give advice you might not think of otherwise, and provide expert answers to your questions. The commission she will earn from the sale is usually more than offset by the services she will provide.
Get Help from Movers
Moving companies can help with all aspects of the relocation process, from packing your belongings to setting them up in your new home. They can provide a needed emotional buffer between yourself and the sentimental value of many items. Last but by no means least, they have the raw muscle to do the job safely and efficiently.
Time the Move Well
The date of your move can have a big impact on how smoothly it goes. For example, the busiest moving days of the month in Seal Rock, OR, are the 1st, 2nd, & 3rd. This can make the process especially hectic or time-consuming on those days. If you have any concerns, check with your agent and/or your mover.
Moving is a grand opportunity to embark on new adventures. But doing your homework is crucial for ensuring that all goes well. Use the tips in this post to make the most of the experience.
~Post submitted by Teresa Greenhill www.mentalhealthforseniors.com