These days, many retirees are selling their home to downsize.
And why not? It’s the perfect chance to reduce financial pressure and household maintenance so you have the time and funds to pursue your interests. Whether you’re moving to a smaller house or unit, or an over-55s community, downsizing is the start of an exciting new chapter in your life.
But before you can enjoy your new lifestyle, you need to successfully navigate through the sale of your existing home. While selling your home can be stressful, when you plan ahead, work with the right people and present your home at its best, you give yourself an excellent chance of a smooth sales process. Here are three smart tips to help you get the best possible result when you sell your home to downsize.
Declutter Your Home
The best place to start is to have a good old-fashioned clean out. Decluttering your home will give you more space, which makes it easier to clean and organise your home in preparation for inspections and viewings. It will also give you a head start on reducing your possessions, so you can fit everything into your new home. It can be hard to say goodbye to certain items that you’ve had for a long time, but you’ll be amazed how much better you’ll feel when you have less belongings.
Decluttering doesn’t have to mean getting rid of everything – it’s fine to hold on to things that have real sentimental value. But keep it within reason. If you’ve still got all your children’s old toys, see if they’d like to take them instead. If you have clothes you haven’t worn in over a year, or books gathering dust on your shelves, donate them. Work through the house, room by room, and bin or give away anything you no longer need. If you still find you have too much stuff, you can always put things in storage – but the cost of doing this adds up fast so make sure it’s worth it.
Choose the Right Real Estate Agent
Working with a real estate agent who you feel comfortable with and trust is often the difference between a good and bad experience. Start by putting a list together of the agents in your local area. Ideally, you’ll want someone who has plenty of experience selling homes in your suburb and surrounds. They’ll understand the local market well and may even have a list of potential buyers looking to purchase a home in your area.
Once you have a shortlist of possible agents, it’s a good idea to attend an open for inspection at a house they are selling. That way you can see how they present the home and interact with buyers. From there, narrow your list to three agents and ask each to visit your home to discuss their recent sales and to outline their approach to selling your home. Make your final decision based on their experience and results, but also on your gut feeling about your ability to communicate honestly and openly with them.
Spruce Things Up
To get the best possible price for your home, it must be presented at its best. This means a thorough clean of every room paying attention to windows, floors, appliances and skirting boards. If there are any pending maintenance jobs such as a loose cupboard or a window that sticks, fix them now. If any paint looks a bit shabby, consider giving it a fresh coat – it will make a huge difference. Another way you can brighten up a room for minimal cost is to replace things like door handles, tapware or light fittings where needed.
Be sure to get your garden in shape too. Remove weeds, keep your lawns trimmed and prune any unruly plants. If you feel overwhelmed with the tasks or just need a bit of a hand, consider calling in a professional to help. Paying for the services of a cleaner, handyman or gardener is a good investment to get your home looking great.
For Selling Success Plan Ahead
Getting the best possible price when you sell allows you to get the maximum benefits from downsizing – so prepare your home well and find the right people to sell it. Planning ahead is key here, to ensure you have the time you need to tick all the boxes. Have a plan and stick to it – and you’ll set yourself up for a successful sale.
Over to You
Are you considering downsizing to move to an over-55s community and have a question? We’d love to hear from you.
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