Sunrise Home Buyers recognizes that there are many advantages to owning smaller properties for senior homeowners in Edmonton. Many find a smaller space to be preferable during their golden years. Cleaning and maintaining a smaller area means less overall work and lowers expenses, and sometimes the difference can be dramatic. The decision of how to sell your larger home needs to factor in the potential costs that accompany each type of sales method. Understanding these expenses can help you to make the best choice for your situation. Should you find yourself at this stage of life, read on to learn 3 key elements seniors should know when downsizing their homes in Edmonton.
Especially during your golden years, when you reach the point to begin downsizing your home in Edmonton, the thought of a traditional real estate listing and sale of your property may seem too cumbersome and complicated to take on yourself. This is especially so since the internet is where most buyers search for housing on today’s market.
The other element to consider when listing is paying sizable commissions and fees. These fees ensure someone else will be handling all of the legal paperwork, marketing, and showing appointments. In any event, the thought of strangers touring your home during Covid and occupying your personal space is disquieting at best. And let’s face it, keeping everything picture perfect at all times is not a simple task on the best of days. Not to mention sitting at the negotiating table while buyer after buyer makes inferior offers.
The Clean Up And Out
Emptying out a home can be both physically and emotionally difficult when seniors are downsizing their homes in Edmonton, especially if they have lived there for an extended time period. It’s ironic that the very reason you may be selling your Edmonton house is the fact that your home is already too much for you to maintain! Then add in the clearing and packing and you will likely find yourself exhausted!
If you are not able to complete the work yourself, it is likely you will need to hire someone to assist you. This may be costly, depending on how large your home is and how many possessions you own. And because each and every corner of your home is filled with happy memories that you are leaving behind, it’s likely you may become emotionally drained as well. When you know you are parting with these possessions, it is very easy for valuable time to slip away as you go back in time, looking through each room, emptying closets, and sorting through boxes full of belongings. While it will be difficult to do so, you must remain on task and make some difficult decisions.
If you sell your home the traditional way, hopefully you have access to a small army who can help you with the preparing and cleaning up before each showing!
The Extensive & Expensive Repairs
Inspections and appraisals are a key element of the traditional Alberta home selling process. this often results in spending thousands of dollars when you are ready to begin downsizing your homes in Edmonton. In order to avoid costly post-inspection recommendations, it is entirely possible that you could end up facing overwhelming repair bills for an issue you were not even aware of!
Real estate professionals know that many buyers lack the imagination required to realize the potential you know your property possesses. Buyers have little to no ability to see past anything that is in a state of disrepair, simply worn or even outdated. The upgrades required to modernize and refresh a home can be anything from replacing aging cabinetry to installing new flooring in part or all of the Edmonton property. You may need to replace woodwork or paint the interior and exterior of the home.
Regardless what is needed, all of these expenses add up very quickly and must be met prior to realizing a top tier price for the home. For that matter, these fixes should be complete prior to ever listing the home for sale. As time passes in this process, your bills will only continue to rise in price while more and more of your potential profits slip away.
There is Another Option
Selling your home doesn’t have to be a drain on your time and pocketbook. Why not consider a direct sale to Sunrise Home Buyers? In many, but not all circumstances, it can be a much better option for you! We take the time to listen to your unique situation and understand your home-selling plan.
At Sunrise Home Buyers we are happy to help you with this decision. For example, if listing with an agent is a better option for you, we will tell you so. WE CERTAINLY HAVE done it in the past and if the situation suits, we will suggest it again.
The Hassle-Free Way of Selling Your Edmonton Home
Should you choose to work with Sunrise Home Buyers you can just pack what you want to keep when you are downsizing. What you do not intend to keep you can leave behind. We will look after it.
You can sell your home in Edmonton directly, without any showings to worry about! You can also save all the time and expenses involved with a deep clean of your larger home when you sell directly. In many cases you can just leave behind any items you would rather not take along to your new residence. Annnnnnd, you can leave the monthly payments behind too! Working with Sunrise Home Buyers means eliminating most of the normal fees associated with traditional listing and closing costs. The price Sunrise Home Buyers offers is the price you get! No surprise fees!
Plus, in most cases you will also forego any of the fees normally associated with any required reports from appraisals and inspections.
So if you are interested in learning more about downsizing the size of your Edmonton home, please check out some of our other blog posts, Downsizing Your House Without Any Clean-Up In Edmonton AND 5 Perks of Downsizing Your House In Edmonton. Here we will cover useful information to help you sell property in Edmonton quickly and for a fair price. Finally we close with digging deeper into our home buying process.
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We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and lets talk today.