Planning to downsize

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Unlike other factors that trigger you to sell your home, like a family that’s outgrown its space, or having to relocate because of job change, downsizing offers more time and flexibility for the homeowner.

By Jennifer Underwood, Realtor, ABR, CRS, SRES

In real estate, like in life, timing is everything. This rings especially true when it comes to making a decision on when to downsize.

Unlike other factors that trigger you to sell your home, like a family that’s outgrown its space, or having to relocate because of job change, downsizing offers more time and flexibility for the homeowner.

The three main reasons why seniors choose to downsize are:

  1. It’s become too difficult to maintain their yard or home repairs.
  2. Declining health and the aches and pains of aging.
  3. They want more freedom to enjoy their family and other hobbies and pursuits.

Once they’ve made the decision to sell, it’s a good idea to consult with a Realtor well in advance of putting their home on the market. I recommend a year before, or, at the latest, six months before. As a certified Seniors Real Estate Specialist, I have unique insight into the downsizing niche.

Oftentimes homeowners do not have a realistic picture of what they need to accomplish for a quick and profitable sale. For instance, just yesterday I met with a family that wanted to completely renovate their kitchen. But that really wasn’t necessary. In many cases, just repainting cabinetry and decluttering is all it takes. My goal is to save people money and stress. Selling a home can be overwhelming. My consultation is geared toward setting up a strategy for getting a home in its best position, as well as putting together a timeline for doing that.

Jennifer Herron-Underwood works at the Howard Hanna Real Estate Services offices in Westlake. She sells homes in Lorain, western Cuyahoga and Medina counties. Call her cell at 440-371-2862 or visit JenniferHerron.com for more information. She offers a webinar series at Downsizing411.com.

Categories: Professional Services