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By 2010, 1
in 5 Americans will be 65 and older.
Marc Bailey is experienced and knowledgeable in meeting
the specific needs of maturing citizens of Hutchinson
and McLeod County.
Marc's clients count on:
• Expertise,
patience and respect for your goals and timetables.
• An awareness of options and solid, reliable
referrals for specific situations to explore those
options.
• A variety of choices to reduce out of pocket
expenses, gain cash, or create or defer income streams
to either stay independent or finance assistance.
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Preparing To Move:
Tips for seniors who are
preparing to buy or sell a home
There are a number of steps to consider in
preparing to buy or sell a home. If you approach the
process by breaking it down into logical steps, you
won't be overwhelmed.
- Plan for this event as you would for any
important matter. Consider how your life has
changed? How your financial status has changed?
Where do you plan to be in 5 years?
At this point it's very important at this point to
do a financial evaluation. Think of your current
home as an asset. What is your home worth? Ask
your Realtor to prepare a Competitive Market
Analysis for you. This will allow you to estimate
what the selling price of your home might be.
- Whether you're going to buy or rent a new
home, consider what features of your current home
no longer meet your life needs. For example, is
your home too large? Too small? Is it too costly
to maintain? Has the style of the home become
inconvenient for daily living? Has the location of
the home become inconvenient?
Then consider what is important to you in a new
home. Is it proximity to family, friends, or
business? Access to transportation, stores, or
medical facilities? Access to recreational
activities? Do you want one floor living?
Maintenance free living? Security and safety?
Marc will work with you to explore new home
alternatives that meet your lifestyle needs.
- There is no magic formula for determining the
exact amount of time it will take for you to sell
your home and move into a new one. Talk to your
Realtor about the factors that may influence the
timing. For example, is your property in good
condition? Will it appeal to a wide range of
buyers? Will you be competing with other similar
properties that are on the market at the same
time?
Ask yourself the following questions and discuss
with your Realtor. Is there a specific date by
which you must be in a new home or do you have
flexibility in terms of timing? Do you need to
sell your current home before you find a new home?
Or do you want to be settled into a new home
before you sell your current one?
- The keys here are to "downsize"
(even if you are moving to a larger home) and
"fix up."
Sort through your possessions. Focus on one room
at a time and determine which items you will be
keeping. For the remaining items, determine which
ones you will give to family members or friends,
which ones you will dispose of through estate or
tag sales, and which ones you will donate to
charity.
Identify any major repairs or updates that need
to be made to your home. Your Realtor will be able
to assist you in determining those items that are
likely to affect the salability of your home.
Take care of those minor repairs. Loose
railings or torn screens give buyers the
impression that a home has been neglected. These
little things generally cost little time or money
to fix, but they make a world of difference in how
buyers view a home.
Itemize the cosmetic changes that you need to
make to your home. For example, fresh paint or new
carpets show the buyers that a home has been well
cared for and is ready to move into.
Remember that a well groomed home creates a
favorable impression. Keep up the exterior
maintenance of your home. "Declutter"
the interior
- Marc Bailey can help you every step of the
way. Don't be afraid to ask questions.
We share a common goal: To sell your home at the
best possible price while minimizing the
disruption to your life.
If you need information and guidance to help with
the sale or purchase of a home, Marc Bailey can help.
Marc can help you make smart decisions about selling
the family home, financing, buying rental property,
or managing the capital gains and tax implications
of owning real estate, among many other issues.
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