Real Estate Advice for Seniors

It seems logical that the agent who can get the most money for your home should be the one to sell it. Money though is only one factor in achieving a positive outcome when it comes to moving from your home. Especially if you are of an age where your life situation is in the process of changing. If you are a senior and feel it’s time to simplify your life then you will have many questions and deserve to know how the sale of your home will affect you. Selling your home when you are a senior can be very different then selling at any other time in your life. Here are six questions a senior specialist can help you with. 1.        How will selling my home affect my taxes if I’m not buying another home? 2.        How will I know if I am being taken advantage of? 3.        Should I start thinking about my estate and the tax ramifications of where I live? 4.     ...

When is it time to Downsize? Everyone reaches a moment in their life when they need to simplify. For many people who are retired or approaching retirement this conversation generally centers around the question “when is the right time to sell our family home?” While the answer to this question can be as much emotional as it is logical, here are few indicators that can help make the decision a sound one. 1.        Control - It is always easier to make sound financial decisions and avoid stressful situations when y ou are in control of the process. Waiting to sell a home till someone has passed or fallen ill generally means things need to move fast. If you are looking to maximize the sale amount on a home make sure to give yourself plenty of time to prepare the home and give yourself enough time on the market to find the right buyer. 2.        Maintenance - Getting top dollar for your home requires that it be in ...