As the wealthiest generation in America, baby boomers are starting to wrap up their roles of ‘parents’ and begin their new stage as ‘grandparents.’
The multi-bedroom family home boomers have been holding onto for decades now seems empty and quiet, and some boomers have felt the effects of loneliness as the kids begin to leave the nest.
Downsizing is not only the perfect solution for couples seeking smaller, comfier homes — but it also may be the solution for a housing supply shortage of detached homes. Since boomers have been encouraged to stay in their homes as long as possible — millennials are finding it very difficult to find detached, single-family homes on the market.
If you’re a boomer looking to downsize in favor of a more desirable location, follow these tips for success!
Don’t be afraid to start your moving endeavors now
The COVID-19 pandemic has left many prospective buyers and sellers anxious about starting or continuing with their real estate plans. However in HomeLight’s Q2 survey, realtors reported a heavy increase in buyer and seller activity since May.
Worried your home won’t receive any attention in the market? In actuality, buyer demand remains strong. So strong, in fact, that the majority of real estate agents (60%) in Home Light’s Q2 survey believe the biggest challenge facing the 2020 market is the lack of supply to meet demand. If you put your home on the market now, chances are you’ll have plenty of buyers knocking on your door.
Vice versa — boomers looking to downsize will find it much easier to compete in the buying process as well. According to the survey, 44% of real estate agents believe the top reason motivating their clients to move is the need for more space — especially as the COVID-19 pandemic keeps the nation at home all day..
This is good news for all boomers seeking to move from their large family home into something more comfortable. You won’t have to compete with the swarm of buyers looking for large homes, and you’ll be selling exactly what those other buyers are seeking.
How senior moving specialists are key to downsizing
Relocating isn’t all fun and games. Along with the fun of touring new homes and decorating a new abode comes the challenges of finding a reliable moving company, prepping your current home for market, packing and unpacking your belongings, and picking a dependable real estate agent.
Set yourself up for success by accepting the help of senior moving specialists. This will help you turn what’s supposed to be one of the most stressful processes in your life into a seamless, pain-free experience.
There are tons of behind-the-scenes tasks that need to be completed before and after the move, but reliable organizing services and relocation specialists take care of them all — so you can simply relax and imagine all the new memories you’ll create in your new home!
Presenting a clear home for virtual or in-person showings
Looking to get the most for your home during the selling process? Whether you’re going to allow in-person showings or conduct most of your business virtually, there are 3 main projects you should focus on:
- Deep Clean
While cleaning your home might seem like an obvious step in your selling process, a home that’s been lived in for many years is going to need serious decluttering. Over the years, your closets have been filled to the brim, all your storage spaces are packed with clothes you haven’t worn in years, the fridge is decorated with your children’s kindergarten art, and let’s not even mention the boxes filled with personal mementos in the basement
While daunting, decluttering can increase a home’s asking price by 3-5%. Even storage spaces and closets need to be sorted and organized to receive the most competitive price for your home. Prospective buyers are always looking for extra storage, so — if the closets are overflowing — buyers won’t be impressed.
Thankfully, organizing services can help. Boomers aren’t as young as they once were, which means taking on huge challenges — like decluttering a home that’s been lived in for over a decade — isn’t such a simple task. A Clear Path can transform all the daunting tasks of moving into a clear and simple plan, so contact us today!