Are you suffering from too much house?
Are you thinking of selling your house and downsizing? As is the case with any important decision, we need to gather the necessary information, and take time to weigh all our options.
Because your house is a major investment, from both a monetary and emotional standpoint, it stands to reason that you will spend the time needed to decide when its the best time to move into a more compact living arrangement, and look to sell your present house.
The selling and downsizing process presents many challenges. Some questions, no doubt, have already come to mind:
- Where will I go?
- What are your best housing choices?
- Is your present health part of the equation as you look to potentially downsize?
- What are the financial factors of your move?
- Are there any legal factors involved?
- What will I take with me?
- What things do I wish not to take?
- How much is my house worth?
- Are there certain repairs needed to make the house more attractive to buyers?
- Must the curb appeal be improved?
- Which real estate professional should I work with?
This last question is as important as any of the above because the right real estate professional isn’t just looking to sell your house, he or she can become a key alley in order for you to discover the answers to the questions on this list.
My name is Ben Souchek. I’m a US veteran who is proud to say that for over 20 years I’ve been working with people just like you, who are in the various stages in the decision making process of selling their house and downsizing.
People downsize for many reasons. It may be that your children have grown and your present living space is more than you need. Perhaps the house’s upkeep (both inside and outside) has become an ongoing problem. It may be that physical challenges dictate a move into a more secure healthcare related setting.
Is It Time to Sell?
Only you can answer this question. Certainly your personal situation, and your particular needs come into play here. Accordingly, some questions for you to ask in order to make an informed decision are:
- Is my present house too large for my present needs? This may be because your children have grown and you don’t need as much space, for example. Perhaps there are other reasons which are leading you to consider a new living arrangement.
- Has the death of a spouse made you feel as if it is time to move? This often occurs after a loved one is lost. The situation becomes a catalyst for taking stock of one’s life and deciding if it is time for a change.
- Has the house become too much of a burden? Perhaps walking up and down stairs is not in your best interest these days, or the task of keeping it clean has become more than you can handle. As we age, factors such as these become more and more important. What was a breeze years ago is not now, and with each passing day the thought grows that it is time to downsize, and enjoy our days minus the wear and tear which occurs due to housekeeping responsibilities.
- Are there repairs which must be made that are beyond your present finances, or you just don’t wish to hire out to do? Let’s face it, heating and air conditioning repairmen, plumbers, and other contractors cost money. And depending on the nature of what needs to be done, the expense can be more than we want to deal with. Over time, money spent here takes away from your future financial security.
- Do you no longer wish to take on any do-it-yourself fixup projects? Much like housekeeping chores, many folks view things such as climbing a ladder to paint, or getting on your knees to make repairs (for example), as less than ideal projects in this day and age.
- Does the thought of mowing, gardening, weeding, and other outside responsibilities make you groan? Pushing a lawn mower during summer heat is not everyone’s idea of spending a relaxing afternoon. Likewise kneeling down to pull weeds or raising our arms continuously to prune bushes can be more painful than rewarding, like it was in the past.
- Is your current health such that you either need to move in with adult children or potentially a community with healthcare options? This can often be a determining factor when making a move. You owe it to yourself to place your body and mind in the best possible position to enjoy life! As the question was asked before: “are you suffering from too much house?”
Some or all of the above scenarios are reasons to strongly consider downsizing. Those who decide to do so often look at it as a new and potentially exciting chapter in their lives. As it is said, “people are not trees; we don’t grow roots in the ground and we are free to move when the time has come!” Perhaps that time is now!
This is where a real estate professional who is experienced in the key aspect of downsizing, and the inherent reasons for wanting to do so, can be a valuable resource as you contemplate the various components of what’s involved. This professional should be well versed in:
- The different types of residences that can best suit your needs at this particular time, and be able to help get you up to speed on these.
- Provide basic background information so that you can ask just the right questions regarding any of your potential downsizing options.
- Be able to help guide you to just the right financial specialist who can provide answers to any questions you may have regarding your current finances as it relates to your next living space.
- Be able to also direct you to get any legal assistance which may be required.
Some Things to Consider Before Starting the Process …..
Quite often, people fail to fully take into account what the house selling process involves. These can include:
- What timetable are you working with in terms of when you’re wishing to move? Is present health a concern as to where the change in living accommodations needs to occur sooner than later? Are there other factors here well worth your consideration?
- Which things do you wish to take, and what might you want to giveaway or toss away? As previously mentioned, this is a very important aspect of the downsizing scenario.
Look positively on the impact of the pending move. There’s no reason to think otherwise! Look at the fact that you are taking action, and moving forward in a dynamic new direction in your life! Many people sometimes just accept what is; why not look ahead to what can be!
Indeed, selecting the right real estate professional means that you’ve chosen a working partner who isn’t just interested in selling your house. He or she should be (and is) interested in making sure you have discovered the best solution for your future life!
So if you want to sell your house and downsize, or if you are “just thinking about downsizing,” what I have to share with you can definitely help with a stress and hassle free transition to your next home. Just contact us, or give us a call.