Buying a Home in Retirement (Pros and Cons)
I received a call the other day from a man that said…
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The real estate we own may be the largest investment most of us will ever make. As such, the responsibility of pricing, marketing, managing the process, and the actual sale should be managed by an experienced professional to ensure you get the highest dollar that the current market provides. A few items of importance include:
A Listing Agent should be focused on listing and marketing your home, not running around town looking at real estate for other customers.
Listing your home does not necessarily equate to selling your home. Pricing your home properly when first listed gives you a better chance of netting the highest possible dollar. Homes that sit on the market for extended periods often end up selling for less, plus, carrying costs are often hidden expenses, but they too have a direct impact on your bottom line.
Discount brokerages may offer lower commissions, but your focus should be on the bottom line at closing. Advertising, experience, knowledge, and negotiation skills often mean cash in YOUR pocket!
Surprises are good for birthdays, but not when selling your home and thousands of dollars are at stake. Know the issues your home may have BEFORE the buyer's inspector finds them.
Clean, make minor repairs, declutter, and stage your home to ensure it looks its best. Presentation is everything. Avoid major renovations.
Buyers may need to view homes on weekends and evenings. Keeping your home in "Tip Top" shape can be difficult. Be prepared for numerous showings, sometimes back-to back, if your home is priced competitively.
Your Realtor® will advise of your options and assist with management. This period can be stressful as you may be moving as well, so a good Realtor® will help mitigate this stress.
Considering going "For Sale By Owner"?
It could cost you.. be sure to know the facts.
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