5 Things Seniors Should Know About Downsizing Their Homes in Olympia

sell mom's house to pay for assisted living

There are many reasons for senior homeowners to sell their properties. It is usually to be closer to family, transition into senior living communities, or to own smaller properties. Less space is desirable to most seniors during their golden years. Less home to clean, less home to maintain, less work, lower overall expenses. Each potential option carries with it pros and cons. There are costs involved, and it can vary a lot. Understanding the costs can help you to make the right choice for your family and your situation. If you or your parent is at this stage of life, read on to get tips for what to look out for when downsizing their homes in Washington. 

Inconvenient Timing

It is super-inconvenient to downsize your home, especially as a senior. Additionally, if your family is not helpful, the thought of a traditional for sale by owner listing may seem a bit too complicated to take on by yourself. Are you tech-savvy? The internet is where most buyers search for housing on today’s market. You could hire a realtor, and that means paying their commissions and fees so that someone else can handle all of the legal contracts, photos, marketing, and showing appointments. Either way, the thought of strangers touring your home and personal possessions is overwhelming at best. Let’s face it, keeping the house and yard perfect at all times is difficult on the best days. Then there is the negotiation. Where you sit at the bargaining table and try to protect your nest egg from buyers trying to low-ball you. 

Home Clean Out

Cleaning out a house is both physically and emotionally difficult when seniors are downsizing their homes in Washington, especially if they have lived there for a long time. Part of the very reason you may be selling is the fact that the house is already too much to maintain, add in clearing and packing and you may find yourself exhausted. How long will it take you to get heirlooms to relatives to avoid expensive storage fees? If you are not able to do the work yourself, it is likely you will need to hire someone to help you, which can be costly, depending on how large your home is and how many possessions you own. Every corner is filled with happy memories that you are leaving behind, so you may become emotionally drained as well. When you know you are letting go of these things, it is very easy for valuable time to slip away as you go back in time, looking through each room, emptying closets, and sorting through boxes full of belongings. Days turn into weeks or months.

Expensive Home Repairs

Inspections and appraisals are an integral part of the traditional home selling process, leading many to spend thousands of dollars when they are ready to begin downsizing their homes in Washington. In order to pass inspections, it is entirely possible that you could end up facing overwhelming repair bills for an issue you were not even aware of previously. Real estate professionals know that many buyers lack the imagination required to realize the potential you may feel your property possesses, with no ability to see past anything that is in a state of disrepair, simply worn or even outdated. The upgrades required to modernize and refresh a home can be anything from replacing aging cabinetry to installing new flooring in part or all of the property. You may need to replace woodwork or paint the interior and exterior of the home. All of these costs can add up very quickly and must be met prior to ever realizing a profit on the home. For that matter, it must be complete before ever listing the home for sale. As time passes, your bills only continue to rise as more and more of your potential cash windfall slips away.

Another Option

Consider a direct sale to Sound Home Buyer which can be a much better option for you!  We take the time to listen to your situation and understand your goals for now and the future. At Sound Home Buyer we are happy to help you with this decision, if listing with an agent is a better option for you, we will tell you so. Heck, we even have preferred agents we work with across the country! Should you choose to work with Sound Home Buyer you can just pack what you want to keep when you are downsizing, by selling your home in Olympia directly, without any more showings to worry about. You can also save all the time and costs involved in a deep clean of your larger home when you sell directly. In many cases you can just leave behind any items you would rather not take along to your new residence. You can leave the monthly payments behind too. Working with Sound Home Buyer means eliminating most of the normal fees associated with traditional closings. The price Sound Home Buyer offers is the price you get. You will also forego the fees normally associated with the required reports from appraisals and inspections in most cases. Especially on newer or more recently renovated properties. Send us a message or call Sound Home Buyer today at (360) 531-7088 to learn just how quickly we can help you start saving money!