If you have been watching the housing market and wondering when the right time to sell your home is, the time could very well be now. According the Wall Street Journal, the real estate market is still strongly favoring sellers. Because of the high demand for homes and the low inventory available, the real estate market is experiencing a boom. Home showings often come with a long list of interested parties and buyers are often offering over the asking price to beat out their competition.
This has created the ideal environment for older adults to list their homes on the market and move into a more manageable living accommodation by downsizing into an active retirement community.
Selling Your Home
When starting the process of selling your home, it is important to consult a realtor. While realtors will typically collect a commission on each home sale, they also bring valuable knowledge and experience to the table that often greatly outweighs the cost. The right realtor can provide you with insight on minor improvements that can be made to your home to increase the value and attract more buyers. A realtor will also manage a variety of tedious tasks including scheduling and hosting tours, speaking with prospective buyers, fielding offers, and ensuring all appropriate paperwork is completed. Having an expert oversee the tasks you are not familiar with can alleviate much of the stress that comes with selling a home.
Homeowners should collaborate with their realtor to review the most recent comparable sales in their area to ensure they are setting a fair price that reflects the market’s current mortgage rates and inventory levels. “It is important to price a home correctly when it first lists as the longer a home stays on the market, the steeper the price cuts typically become” says Veronica Dagher from The Wall Street Journal.
“So far, all homes sold within 30 days in 2023 had an average discount of 7%”, says Lawrence Yun, the National Association of Relator’s chief economist. “Homes on the market over 120 days sold with 16% off list price”. With the right pricing, the equity made on the sale of your house can provide you with even more confidence as you move into your new home.
Deciding Where to Move
One of the most common roadblocks homeowners encounter when deciding to sell their home is having a new place to live lined up. Because the real estate market is currently a seller’s market, finding a new home that is not only available but also within your budget can be tricky.
Fortunately, retirement communities such as Maple Knoll Village provide peace of mind knowing that the price listed for your desired living accommodation is exactly what you will pay. The cost of living at a retirement community is generally allocated into one monthly fee that includes the cost of rent, utilities, maintenance, housekeeping, as well as added services and amenities allowing you to meet your financial goals without having to worry about added HOA fees and other surprise expenses.
Maple Knoll Village, offers a range of villa and apartment floorplans ranging in size from 590 to 4,000 square feet. This wide variety of living accommodations ensures there is something for everyone. The dedicated Marketing and Residential Services team ensure that you will be well prepared for your move to the community.
Moving Into Your New Home
The moving process can be tedious, emotional, and stressful for anyone, especially those who have lived in their home for decades. By starting early and having a well-organized plan, the moving process can become less stressful and even enjoyable.
Maple Knoll Village has numerous resources to make your moving process as seamless as possible including helpful articles on downsizing and partnerships with locally trusted senior moving companies such as Moving Matters.
“In the moving industry, there is no typical day on the job. What I provide my clients with is the assurance that my 16 years of experience in both working for and now owning a small moving business has prepared myself and my team for just about anything” says Brendon Akey, Owner of Moving Matters.
“Because clients who are looking to move typically have different amounts of cherished furniture and items, the timeframe for jobs varies. Some jobs can be completed in a couple of hours and are priced according to the hourly truck and fuel rate. Other larger jobs may require more resources including the full turn-key operation of packing, moving, unpacking, and hanging art on the walls. Most jobs can be completed in one day and are priced accordingly.
No one job is like the next and for that, I provide all clients with a free consultation. I have had the privilege of moving some incredible people, which is why I love what I do.”
If you are ready to start the moving process or just want to learn more about senior living, please visit us online at www.mapleknoll.org or give us a call at 513-782-2717.