Seniors who are planning to downsize, rightsize, or move often start the process by asking what they need to do to sell their house. They want to know how much it will sell for and what they can do to get top dollar for it and they will need that information.
In the current sellers market the first step for people who wish to move is to decide where they want to go.
- Choose a housing style. That might be a condo or townhouse or an apartment or a house.
- Choose a neighborhood or area. Not all housing styles are available in all neighborhoods.
Choosing a housing style or neighborhood can be done in any order. Often people choose an area and then they choose from the housing styles available in the neighborhood.
- Decide how much to spend.
- Make sure the desired housing is available.
Sometimes it is hard to find a house that is or will be on the market that is a good fit. It is a good idea to figure this out before putting your current home on the market.
In today’s local market home sellers have an advantage. They are calling the shots. Buyers on the other hand are competing with other buyers over fewer houses.
Some buyers who are downsizing buy before they sell. Not everyone is in a position to do that. Most people put their house on the market while they are looking for another home.
Putting a house on the market is just one part of the process. It can take time to come up with a plan for where to move to, which type of housing to buy or rent, and when to put your house on the market.