Selling your home later in life is more than just a transaction – it’s a major life transition. For many seniors, it means leaving the house that you have turned into a home, filled with priceless memories. However, selling your house opens the door to a new chapter, and you can do it with confidence with these tips.
When To Sell
Deciding when to sell at any stage of life is a big decision, especially for seniors approaching or already settled into their retirement. Everyone has a different reason to move, but typically seniors fall into one of these situations:
- Health concerns
- Too much upkeep for their current house
- Financial reasons
- Life transitions, such as the loss of a spouse or a desire to travel more
Plan Ahead & Create A Timeline
A solid plan reduces last-minute stress and starts with outlining key dates and goals. These include when you would like to move, when to list the home, and how much time you will need to prepare. By planning, you will start making decisions about what items you may or might not keep and making any updates to the house. The best timeline allows for flexibility and reviewing it regularly to see if you are on track.
Get Financial Advice
Before you sell your house, make sure it is the best financial decision for your current situation. Plus, you have to consider the taxes. Selling at a loss may mean you can’t deduct the loss from your taxes. Selling at a profit can result in a capital gains tax. Then, there are the selling and moving expenses to consider like hiring a real estate agent, making repairs, closing costs, etc.
With all this in mind, go into selling your home with your eyes open.
Explore Selling Options
There are three routes that you can take to sell your house.
- Selling as-is. The simplest and easiest selling solution! You can list your house as-is and avoid making repairs or taking time to boost your curb appeal. And you can take it a step further by selling to WCC Properties. You can take the guesswork out of how much you will get and get a fair, cash offer within 24 hours of scheduling an appointment with WCC Properties. At WCC Properties, you can move forward stress-free.
- Hiring a real estate agent. You can hire a real estate agent to sell your home for you. However, this usually requires putting your house on the market – which includes prepping it for showings. From repairs, updates, and staging, this can amount to a lot of work on your end.
- Selling it on your own. If you plan to sell your house on your own, you can save on real estate agent costs, but it will be up to you to list the house, manage the showings, and negotiate any and all offers. It’s a lot of work!
Declutter
No matter what selling option you choose, you will still need to take time to declutter and pack. Account for more time than expected when you do this. Decluttering through decades of memories brings not only a physical toll, but an emotional one as well. As you go through things, you will need to decide what to keep, what to sell, donate, or discard. Then, it’s time to pack!
Hire Professional Movers
Once you have sold your house, make your life easier by hiring professional movers. The process is faster than a typical do-it-yourself move. Professional movers are hired to be efficient and careful with your belongings.
Update Your Address
After you have moved, make sure you update your address and information with institutions you utilize regularly, like the post office, banks, doctors, etc.
Take the stress out of your next chapter by selling to WCC Properties. With a fair, cash offer, you will be ready to take on retirement.
