If you are an empty nester and what a perfect home for your future, it’s time to downsize or move to a new house more suitable for your retirement moments.
Like most home sellers, you might discover that after many years of non-stop child movement in and out of the doors, music playing throughout, and toys everywhere, you can unexpectedly hear a needle drop over the quiet hum of your refrigerator. The rooms are filled with photos and memories of this amazing time in your life. However, there are several empty rooms collecting dust now that your kids are grown with their families. The free time ahead is exciting to look forward to, and this might be the right time to move also.
If you are in such a situation, you are not in a bad place. What that means is that there are numerous opportunities for you to enjoy this new life. If you know how to leverage the advantage of the equity you have built in your current home, then selling the place is the best option.
Many people fantasize about financing a good chunk of their retirement by selling their current home, buying a smaller place, and investing the difference for income. In reality, however, they often reap far less profit than they might have hoped.(1)
Done right, downsizing can still be a good idea. You might not just walk away with more money but also simplify your life and reduce your home maintenance and utility costs for years to come. To reach that happy outcome, you need to steer around the unexpected pitfalls that make downsizing so dicey.
To assist you understand the things involved in making that decision, and how you can avoid the expensive mistakes many empty nesters usually make, we have created this post to help you do it right.
Selling the place you call home is an important and emotional process. These steps will offer you the insights you need to maximize your profits, reduce stress and keep calm when selling your house.
The reasons for selling the house affect everything from setting the right price to choosing how much money and time to invest in getting the house ready for sale. Some of the important things include the duration the property stays on the market and the cash you get out of the deal. Note that different goals will distinguish different strategies.
However, do not disclose your motivation to other people or home buyers Nashville TN as they might use it against you during negotiation.
Setting the price should never be taken lightly. After you set the price, you have told the Nashville home buyers the absolute maximum they must pay for the property. However, pricing extremely high is as risky as pricing extremely low. Note that home buyers Nashville are considering up to 20 houses at the same time they’re checking yours. That means they have a comparison and if your house does not compare reasonably with other properties in the price range, the agents or prospects won’t take you seriously. For this reason, your home will stay on the market for several months, and new buyers will believe something is wrong with the property.
Your realtor should help you with this. Check out what comparable properties in your own and similar area have solved in the previous months and then research what current houses are listed for. That is how potential buyers will assess the worth/value of your property.
Almost 75 percent of property owners say that they would never use a similar real estate agent who sold their last property. Dissatisfaction is caused by poor communication that results in not satisfactory feedback, low pricing and strained relations.
During the negotiation time, your goal is to set the duration as you control the pace. Find out what motivates your buyer. Do they want to move fast? Do they have sufficient funds to pay for the set price? Having this data offers you the upper hand at the negotiation table since you must know how far you should push to get whatever you want.
For the part of the seller, ensure you reveal everything. Smart home sellers proactively go above the law to disclose house defects to their buyers on paper. If the buyer understands the problem, they won’t come back with a lawsuit.
Ensure the terms, responsibilities and costs are spelt out in the sale contract, and avoid the temptations to diverge from the sales contract. For instance, if the cash home buyers in Nashville want a move-in date before closing, you can decline. This isn’t the time to take chances of the deal falling through.
Studies indicated that it’s hard to sell a house that is vacant since it looks abandoned, forlorn, and not appealing. It can cost you a lot of money. If you move, you are telling the buyers that you have a new house and are motivated to sell fast. This will offer them an advantage during the negotiation process.
Everyone has left the home, leaving behind a heap of memories and several unoccupied rooms. However, if the empty nest does not inspire a house makeover, complete with a beautiful craft room, peloton-clad gym and a modern home office, it’s time to downsize. Paying less money for a small house with a few rooms may be a more suitable home option for your needs.
Downsizing to a small house offers empty nesters a chance to move, realign their goals and reimagine their dream home. if you are ready to sell your house fast, talk to Olive Tree Homes for help. We buy houses Nashville fast at the best prices.
Cash Offers: Say goodbye to uncertain financing, lengthy negotiations, and deal-breakers. Olive Tree Homes is ready to make you a fair and competitive cash offer for your house, giving you the confidence and peace of mind you deserve.
Quick and Convenient: Skip the lengthy listing process, open houses, and waiting for the perfect buyer. With Olive Tree Homes, you can sell your Nashville home swiftly and on your timeline. No repairs, showings, or staging required!
No Fees or Commissions: Worried about the costs associated with selling a house? When you choose Olive Tree Homes, there are no hidden fees or real estate agent commissions to worry about. What we offer is what you’ll receive.
Sell As-Is: Tired of dealing with repairs and renovations? We buy houses in any condition! Whether your property needs minor updates or a major overhaul, Olive Tree Homes will purchase your home exactly as it is.
Professional and Trustworthy: Selling your home is a significant decision, and you deserve a reliable partner. Olive Tree Homes has a proven track record in the Nashville area, providing honest and transparent transactions that put your needs first.
Experience the Difference: Discover the benefits of working with a cash home buyer and sell your Nashville house stress-free. Contact Olive Tree Homes today to receive a no-obligation cash offer and explore your options!
Don’t wait! Click here to get your fair cash offer from Olive Tree Homes and start your hassle-free selling journey today!
Jonathan Sims is a cash home buyer and the founder of Olive Tree Homes. With a passion for helping homeowners in need, he has helped countless individuals and families sell their homes quickly and hassle-free. As an expert in the real estate industry, Jonathan has a deep understanding of the local market and uses his knowledge to make fair and honest offers on homes. He believes in providing excellent customer service and making the home selling process as easy as possible for his clients. Jonathan is committed to helping people achieve their real estate goals and has a proven track record of success in the industry.