As the average homeowner gets older, seniors consider downsizing their current home to adjust for their new lifestyle and current financial condition. Less space to take care of and maintain is put at the top of the list while this transition is essential. Cleaning and the cost of preserving less square footage of a home equates to less work during the day and lowers expenses dramatically out of their savings account. The decision to sell your family home needs to include all costs associated with the sale. Understanding all of the fees can help you to make the best choice for you personally. Should you find yourself today in that boat, read on to learn 5 things seniors should know about downsizing their homes in Minneapolis St Paul, Minnesota .
When you are going into your golden years, you hope for less stress and caring for things like when you were younger. Consider the inconvenience it takes to sell your house, and is it worth going through them. Many Minnesota seniors dreamed most of their working career that they would simplify their life and enjoy this stage of life. But, reality can be very different than what we desire. When you are ready to begin downsizing your home in Minneapolis St Paul, the thought of a traditional listing with a real estate agent may seem too complicated to take on by yourself. Today’s marketing to sell is very different from when you purchased the home. The internet is where most younger buyers search for housing in today’s market. So, to sell, you must either really trust an agent to understand what it takes to attract that younger buyer or do it yourself. The other part of listing with a traditional agent is the high cost of commissions and closing fees. But, there is the good side, that someone else can handle all of the legal paperwork, do some marketing, take pictures, and set up showing appointments. But, understand that all those services cost real dollars. In either event, the thought of a total stranger touring your home at night while you are out and looking around is stressful at best. And let’s face it, keeping everything clean and put away at all times is not easy on the best of days. You will be getting the phone call from your agent that someone wants to see your house within one hour, and you need to leave now. Then there are all the waiting for inspections, back and forth negotiations that happen through a typical traditional house sale.
Cleaning out a house can be both physically and emotionally demanding for even the youth among us. But, some of us are not so young and are going into retirement or some other stage. During this retirement stage, many seniors who want to downsize want just to be done with their Minnesota home in Minneapolis St Paul. Part of the very reason you may be selling is that you know that your home is already too much for you to take care of on a day to day basis. Add in the stress of getting ready to move and have to go through and pack up things. Even a young person would find themselves exhausted. If you cannot do the work yourself, you will likely need to call in the family or hire someone to help you. Many seniors don’t want to bother their kids that live close in Minneapolis St Paul, so often they employ a stranger, which can be costly, depending on how large your home is and how many possessions you own. Because every corner of the property has memories attached to it that you are leaving behind, you may become emotionally drained at the end of the day. When you know you are letting go of these things, it is effortless to sit and remember all the times you had in the house. Many seniors walk around looking through each room, emptying every closet, and sorting through boxes full of belongings. Some of them bring great joy, while others sadness.
When you are selling a Minnesota home today on the MLS, most buyers require an inspection period to determine any flaws in the house. Inspections are an integral part of the traditional real estate home selling process with an agent, leading seniors who wanted to downsize their homes to spend thousands of dollars to get it sold. To pass those home inspections, you could end up facing repair bills for a home issue you were not even aware existed. Most seniors live for years in a home without doing any work on it, and they don’t see any need for any repairs or updates. Local Minneapolis St Paul real estate agents know that many buyers cannot imagine seeing past anything in a state of disrepair, worn, or even outdated. The younger buyers are not interested in doing any DIY projects and expect a move-in ready home when they buy. Many of the upgrades are required to refresh your home for these new buyers. Making these expensive repairs can be anything from replacing 1980’s whitewashed oak trim work and kitchen cabinets to installing new hardwood flooring in part or all of the property. You may need to replace cracked plaster or paint the entire home’s interior to bring it to a level it will sell today. These costs can add up very quickly and must be finished before ever getting to the closing table. For that matter, many twin cities agents state before you hire them to sell your home before downsizing. Real Estate pros dictate that the repairs must be addressed before ever listing the house for sale. As time passes, your bills only continue to rise as more and more of your potential profits slip away. As a senior, you should know these things about downsizing your home in Minneapolis St Paul before even getting it ready to sell.
Consider a direct sale to Minnesota Cash Home Buyers, which can be a much better option for you! We take the time to listen to your situation and understand your goals and what you desire for your future. We are happy to help you with this decision. If listing your home traditionally with an agent is a better option for you, we will tell you so; check out our online reviews, hear how we just gave advice and made no money, but we helped people. Should you choose to work with Minnesota Cash Home Buyers, you can pack up what you want to keep and leave the rest. When you are a senior and downsizing in Minneapolis St Paul, selling your house to us, you do not have to worry about any more showings or repairs; we buy as-is. You can also save all the time and costs involved in deep cleaning when you sell to a professional home buyer. You can leave the monthly payments behind too. Working with Minnesota Cash Home Buyers means eliminating most of the normal fees associated with traditional closings. The price Minnesota Cash Home Buyers 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 Minnesota Cash Home Buyers today at (612) 444-5088 to learn just how quickly we can help you start saving money!