Selling
your home when you are a senior is very different than when you are selling
when you are younger.
HI…
I’m Vikki Crossland of Meybohm Real Estate and I fit perfectly in this
discussion. Stay with us to learn 5 tips on how we help empower
you to make the best decisions… btw I’m Brandi Cook.
Welcome to “5 tips to downsizing or relocation when you
are a senior”. Depending on your age and
outlook this can either make you anxious or excited, possibly both. It is normal to have mixed feelings.
In the beginning its best to determine how much
involvement family or maybe a good trusting friend will be involved.
It’s always a positive to have the right support and
letting your REALTOR®, know is key to successful journey.
#1 Tip- Determine Your
Housing Needs
Make a list of what is important to
you. Here are some things to consider.
Looking for new home to “age in
place”?
Independent living like a condo,
townhome or just a smaller single-family home that is more maintenance free are
great options.
Adapting to these homes may be necessary.
Popular features are open plans with less obstructions, no or zero steps entry,
wider doorways, lever style door handles, no-step showers or tubs are just a
few items to consider.
Lots of seniors are moving into
guest cottages or into in-law suites on family or friends’ property.
I am looking into one of granny
pods… they look pretty cool to me.
Living in a senior community or
facility that may offer independent living OR do you need assisted or
continuous care?
A REALTOR® who understands a Seniors needs who is specifically trained
in helping seniors is an SRES® [Senior Real Estate Specialist]. They can help
you navigate these senior housing options.
#2 Direction + LOCATION.
You
need to know this before listing your home for sale. It’s far more stressful selling your home
first, without a plan in place. YOUR
REALTOR®,
friends and family can provide support and guidance here. When we say direction
we mean, are you moving out of the area or into another state? That needs to be
determined early in the process, or at minimum know your options.
If
you are staying local, the CSRA (Aiken, SC -Augusta, Georgia) there are several
great options for all seniors. We can help you with the array of options
available here, just call us.
We
want our seller clients to be comfortable with this process and new journey.
#3 Timing
Timing
is a very important part of the process. The big question is should I move
before or after I sell my home.
IF,
you are financially able to move into your new home or community first…it tends
to be more seamless and less stressful.
Need
to sell your home first or its your preference, the timing needs to be more carefully
planned.
That’s
not a problem, we have handled this for many clients but it’s REAL important to
discuss this with your REALTOR®, upfront.
No
one wants you to be homeless without plan in place; this is not easy at any
age.
We
are happy to report after 37+ years selling homes; not one of our clients have
been homeless, unless that was their plan.
#4 Budget
Consider
all your financial resources you have to make a move.
How
much money do you have for initial investment and plus your projected monthly
income to cover ongoing expenses.
This
is extremely important and you may want to involve your CPA, financial planner
or trusted family member in this phase.
#5 Meet with a SRES®
REALTOR
Stay up to date on all of our past and future videos by subscribing to our YouTube and following our social media pages.
It’s a big decision, we know. We’re here to help! It’s your home, your lifestyle and we are your real estate team.
Brandi
Cook + Vikki Crossland
Meybohm
Real Estate
803.645.3325
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