This Is the Biggest Challenge Seniors Face as They Downsize
For seniors who have lived in one place for many years, the task of downsizing and picking up to move can be daunting. But if you plan to move—whether with family, into an assisted living or senior community, or just into a smaller home—you should think about what to do with the house you’re leaving behind. Choosing to Sell Can Earn You One-Time Profits If your mortgage is paid off—or the market is excellent in your area—selling can prove profitable. Deciding to sell your house involves letting go forever, though. If you want to sell, look at your neighborhood’s current property listings and the average cost homes are selling for (in Carmel, that number is $332,000 ). Consult a real estate agent for advice on how to price your home. A knowledgeable agent can also provide insight into the current market in your area. Appraising your home is another step that can provide information to guide your decision to sell (or not). An appraisal is an unbiased opinion about ho...