Making an Emotional Purchase
Buying a new home when you are entering your senior years in life may leave you with mixed emotions. You will likely feel like a new beginning presents a lot of exciting opportunities, while at the same time, a big change may overwhelm you with anxiety. As Senior Real Estate specialist, I can help outweigh the negative emotions with the positive.
Buying with Confidence
Whether you know exactly what you want or are still sorting through the all of the residential options available for seniors, I will help you understand the best choices available to you. I will sit down with you and your loved ones to discuss your needs, wants, and resources and help to outline a specific plan for you.
Are you planning to downsize to a single-level home, move closer to family, or relocate to your dream retirement destination?
I have worked with many seniors, including those who have been widowed, and with adult children and other family members. I understand how to deal with various family dynamics.
When a person sells a home, a main consideration is the decision to own or rent their next home. That decision will be made based on costs, their age and health, marital status, the location of the new home, amenities that are available, where houses of worship are located, the availability of health-care professionals, and proximity to relatives and friends.
Is it better to buy or rent in retirement?
Are you certain you should buy your next home? Seniors on a tight income benefit from the predictability of renting. You might see small rent increases, but you won't have to worry about an unexpected expenses destroying your budget. And if you’re selling a mortgage-free home but haven't saved enough for retirement, renting allows you to invest your home equity for retirement cash flow.
But, financially secure seniors often prefer to buy. Not only does homeownership give you stronger ties to the community, but it also lets you decorate and remodel however you want. As a homeowner, you still have the ability to tap into your home's equity for any expenses.
Hiring the right REALTOR®
Senior homebuyers face a lot of challenges that younger buyers do not. Not only are there unique financial considerations in retirement, but older adults have to cope with new physical limitations. Make room in your moving budget for professional helpers. In addition to real estate agents and moving companies, older buyers can turn to senior moving services for convenient start-to-finish help during the moving process. As long as you take the right steps to prepare and shop carefully, retiring to a new home can be a great decision. Shopping for houses probably isn't what you imagined you’d be doing in retirement, but for many seniors, buying a new home is the first step toward increased financial freedom
I have a deep well of resources that can benefit you and we will help you understand the best choices available to you. Call me today, I am here to help.