7 Steps All Sellers Should Take Before Downsizing

Carmelito Deleon
February 1, 2018

PROPERTY CONSULTANT

One of the greatest joys for any parent is the chance to see their kids grow up to thrive.

But once they’ve moved out on their own, the upkeep on the large family home can become too much to justify staying put. So, if you’re looking to take the next step on your property journey and downsize into a more manageable home, these 7 tips should make the process run as smoothly as possible.

1. Make sure you’re both on the same page

If you’re selling with your partner, take the time to discuss why you’re downsizing and what you need in your next property, both before you begin and along the way. Too often couples find it impossible to take the next step because they don’t share the same downsizing goal.

2. Mentally prepare to downsize

If you’re selling the home you’ve lived in as your family grew and your kids blossomed into beautiful adults, then it’s sure to be full of memories. And stuff – lots of stuff! There will be so many things that will remind you of the past – but you can’t take them with you. Get ready for a clean out and accept you won’t need it all when you move.

3. Visit other homes for sale in the area

Get to know the market you’ll be entering by inspecting similar houses and watching what they sell for, as well as who they sell to. This will give you some idea of who’s likely to buy your home and how you need to present it to them. Look at what’s in style and what features buyers are commenting on so that you can reproduce it yourself. Take notes if you need to.

4. Optimize your home to get top dollar

To get the best price for your family home, it needs to be 100% ready for a family to live in. Most likely, young couples or existing families will be your target demographic and they won’t usually pay the best price for fixer uppers. An investment of $10,000-$30,000 is often enough to give your home a whole lot more appeal: whether that means re-painting, touching up the kitchen or bathrooms, or even putting in new carpets and new blinds. Sometimes it doesn’t take much to make a tired house a whole lot more saleable.

5. Have your house professionally staged

When it comes to making a great first impression, increasingly, many buyers are leaving nothing to chance. They’re having their home professionally styled, so that it’s bang on trend and optimised to appeal to their target buyers. A professional stylist will do everything they can within your budget to present your home so that a buyer imagines themselves living in your house. That way they become more emotionally attached and more willing to pay a higher price.

6. Get a market appraisal

Like any financial transaction, downsizing works best you know how much you have to spend. So before you begin looking, always get an appraisal and market assessment – or, to be safe, even a few. Only when you know what your home is currently worth, can you really begin planning for the next chapter in your property journey.

7. Choose the right real estate agent

Choosing the right real estate agent is perhaps the most important decision you’ll make. After all, they’ll act as your guide through the sales process and ultimately help you maximise the price you receive for your home. That’s why you should always try to find an agent you get along with and can trust.

We can help

The are many reasons downsizing can be challenging – not least because it can be difficult to say goodbye to the home in which you’ve created so many memories. We have years of combined experience helping couples through this process and would be honored to be part of your big move.

Get in touch today!

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