I recently decided that I would downsize. No, I am not really retired yet and not even able to be a member of AARP for many more years but I was ready. I had a 6500 square foot home on 2 ½ acres. Divorced and with all but two of my kids out of the house (and those two I only had every other week), I decided it was time to downsize. With that much land, house and things to fix and work on, my home had become my life both in terms of time and money. My weekends had become mowing the grass, cleaning (I had a housecleaner but it never ends), trimming trees, doing home maintenance, and constantly working on some home improvement project. It didn’t help that I also was training for Ironman triathlons to add to my exhaustion. So here are six big reasons why I decided to downsize:
1. You may get some time. I know – time is time but I got time back to have some fun with my kids, travel, play golf, etc. Basically I did not have to spend my free time working on that large house and large yard but doing things that I liked with my kids, family and friends.
2. You may get some money. The market in the Denver metro area was just right for me to sell. I had recovered what had been lost in value around 2009 when the housing bubble burst and drove home prices into the dumper. I had not only gotten that back, I had paid off a lot more of the mortgage based on payments over time and refinancing a few years prior at a great rate and the value of my home had gone up.
3. You may get debt-free. I had always had good credit, but selling my home and moving into something smaller allowed me to be entirely debt-free. All of my income became mine to do with what I wanted. I had no car payment, no mortgage, and no other debt. I had always been very good at always making my payments but my credit score went even higher.
4. You may get to know your family again. Like I said, all of my time was focused on the house in one way or another. A lot of my money was focused that was as well so I sort of lost touch with my brothers, parents, and kids who had already left the house. I had no time to go visit them.
5. You may be able to help others. I always tried to do some kind of volunteering, but with more energy and time, I could do more. I wasn’t burned out on doing my own home improvements so I started helping with a group called “Helping Hands” which helped those in need with work around their home. It was great to be able to help others and also make some new friends.
6. You may start a new career. I have always loved school and learning. No, I was not the straight “A” student but learning was always fun for me. I became a real estate agent because I found it interesting and fun. I decided to also become an appraiser because it was interesting and I finally had some time.
If you would like to explore your options with regard to downsizing including buying or selling your home, you are welcome to text, email, or call. You may also click on the "Homes For Sale" tab at the top of the page and explore homes that may be available and then contact me to arrange for showings.
The market is rocking and it seems like a no-brainer that your home will sell quickly. The neighbor's home was under contract within a week so yours should go as well...for even more, right? You put your house up for sale and wait...and wait...and...wait. What is wrong? Why is your home not selling?
1. Your Home is Priced too High. This is usually the number one reason why you are not having movement on your home. Many sellers have an emotional attachment to their home however buyers are not bonded to your home. It is an investment to them. Many times sellers think if they list higher then they will be able to negotiate the price when a lower offer is made. This tends to backfire on the seller. It is often better to list at or even a bit below the true value of the home, especially in a seller's market. Let the buyers raise the price and they often will.
2. The House Needs Work. Even in a "seller's market," buyers who want to a fixer-upper are not that common. Most buyers want a "turn-key" home with no or just a few things to fix up. Even small fixes can make a huge difference in the view of a buyer. If the numbers on the front of the house merely need a nail to fix the "6" from falling down and being a "9," buyers might wonder what else has been neglected in the home. Fix fixtures, make sure the lightbulbs all work, and make sure the front yard looks good. First impressions do matter.
3. Your Home is Too Personalized. You want the buyers to see themselves living in your home. If you have family photos all over the house, the buyers still picture you living there and not themselves. Make the house neutral. Colors should be basic and not extreme. Often times, fewer is better with regard to decorations on fireplace mantels, shelves, and nightstands.
4. You Refuse to Be Flexible. Sellers need to be flexible with showing times and days. The more people who see your home, the more likely your buyer will walk through the door. Some people only have weekends and evenings to see a home. Plan somewhere to go to take the kids, pets, and get out of the home for a bit when there are showings. The less flexible you are in allowing potential buyers into your home, the more likely your home will stay on the market longer. The longer on the market usually means less money.
5. Your Home is Cluttered. You want the buyer to see the home and not the "stuff." Just clearing things out can make a home seem bigger and brighter. The clutter also goes back to how the buyer may see how you have taken care of the home - if you have clutter did you ignore the home and any issues that may have come up? Decluttering is one of the least expensive things you can do to get your home ready to put on the market. You will need to clean up and get rid of things before you move. Why not do it before it is listed?
If you would like to explore your options with regard to buying or selling a home, you are welcome to text, email, or call. You may also click on the "Homes For Sale" tab at the top of the page and explore homes that may be available and then contact me to arrange for showings.