When it comes time for your family to sell your home, it’s important to have a good idea of all your options. Whether you choose to move in with a family member, downsize your living space, or move into a retirement community, there are some important things to consider when selling your home. Keeping these factors in mind can help seniors move forward and enjoy their retirement free from the hassle that can come with selling or buying a home. Here are 5 important considerations for seniors selling their homes.
1. Consider the House an Investment
Once you have made the decision to sell your home, it’s important to see it as an investment for your future. For many seniors, this means seeing their long-time home as the majority of their net worth. By considering your property in this way, it will help you prepare to sell your home for the maximum price possible.
2. Consult with a Seniors Real Estate Specialist
Many real estate agents are well-equipped for buying and selling homes for younger people, but unfamiliar with the unique issues facing seniors in the housing market. By working with a specialist, you can be confident that your real estate agent is equipped to assist you with financial and estate planning, tax counseling, and any other aspects of your home sale and move.
3. Determining the Right Listing Price
Finding the right price is key for seniors selling their homes. Many seniors make the unfortunate mistake of underpricing their homes to ensure a faster sale, but a senior real estate specialist can help you avoid this mistake.
4. Market Analysis
A specialist should help you accurately assess the real estate market to make sure your home is sold quickly and for maximum dollar. This means figuring out if it’s a buyer’s or seller’s market, and making sure that your home will be marketed to as many buyers as possible.
5. Family Involvement
Among the unique issues facing seniors selling their homes is family involvement. Often, the adult children of seniors are involved in the home sale, so a senior real estate specialist will be able to consider this in every step of the selling process to ensure a smooth sale and move.
Trust Jack Cooper for Your Legal and Real Estate Needs
If you are looking to buy or sell a home in 2019, trust Jack Cooper for affordable, professional, and accurate legal and real estate assistance. Let our excellent team of experienced Maryland Real Estate Attorneys and Maryland Real Estate Agents provide you with expert counsel and assistance. We are also a full service Maryland Real Estate Broker. In working with Jack Cooper, you will have access to our excellent industry contacts, from trusted and reliable lenders to home inspectors, contractors, and service providers. Learn more about us at www.jackcooperlaw.com and www.jackcooperrealty.com. No matter where you are located in Maryland, our team is ready to work with you. Call us at 410-465-5822.