Why So Many Seniors Are Undecided About Downsizing From Their Current House or Condo?

Why So Many Seniors Are Undecided About Downsizing From Their Current House or Condo?

Here are top five reasons seniors why are still undecided about downsizing.

1. Size of home.  Most of them have lived in their homes for decades and the thought of getting rid of furniture and other items so that they can buy a smaller home is daunting. I had people who said they have a 4 bedroom, home with garage and basement and the only thing they might give up is one of the bedrooms. They still want a basement and den.
The only drawback with one of my listings was that there was no basement. Many seniors just do not want to give away any of their furniture or belongings with sentimental value.
2. Location of home. Another concern people have when they decide to move is to decide the State or city they would want to move to. They may like to move to warmer climate with milder winters because of health reasons but they may be scared to move far from family and friends. They do not want to move far from their doctors if they have health issues. They are concerned about finding good doctors when they move.
3. Should they live with their children? Some seniors debate whether they should buy a home with in-law suite so that their children can live with them. They can thus be close to grandchildren and their children. But again the thought of giving up some of their independence when they live in the same house is cause for concern.
4. Should they sell first or buy first? Seniors do not want to get a mortgage on their new home. They do not like the thought of a 30 or even 15 year mortgage. They want to pay cash after they sell their home. They do not know whether they should list their home and wait till it sells or look for homes and then list their home. I receive calls from seniors asking if I have any rentals for seniors because they are afraid they will have no where to go if their home that is already on the market sells. They have their own agent but they find my name on the internet as a Senior Real Estate specialist and call me. Unfortunately there aren't many homes available for rent in my area in senior communities.
5. Budget. Many seniors have lived in their homes for long and their taxes are low. When they look at newer homes in senior communities they find that they will pay a considerable amount for association dues and taxes. It would be helpful if they can turn to a financial adviser who can check their budget and show them the benefits if they can afford it.

 I respect their concerns and not push them into a Seniors Community. Patience is a virtue especially when working with seniors. They have genuine fears and concerns. I always show empathy and listen to their needs.

Have You Considered moving...but the thought of putting your home or

Condo up-for-sale to downsize is giving you chills about getting rid of

Decades of your “treasures?”

Good News …Rick Giese Macomb Counties (SRES) Senior Real Estate Specialist has just published a guide for you “Downsizing Made Easy 5 Easy Steps to a Successful Move”

To get your FREE, No Obligation copy of this guide a $24.95 (book store value) that will show you how to turn your overwhelming anxiety and moving stress into a Happy Experience! There are 3 easy ways to get your FREE guide delivered to your mailbox. You can order online

at www.5StepstoDownsizing.com or email rick@rickgiese.com ask for your downsizing guide (be sure to leave your name, address, city, zip code) or call our 24 hour toll free message line at 888-472-2474 (be sure to leave your name, address, city, zip code)

Offer valid to Macomb County residents only. If your home is currently listed with a real estate broker, please disregard this offer

If you are a senior looking for information about active adult communities in the Macomb County Area of Michigan or would like a free market evaluation of your home call Rick Giese (SRES) RE/MAX Advisors 1-800-274-5656 or 586-242-3100

Rick Giese is a Associate Broker with RE/MAX Advisors in Macomb County Michigan.

You can keep up to date with the Seniors Real Estate Market at: https://www.facebook.com/SeniorsRealEstateOfMacombMichigan