What is Your Vision for the Future?
A new era is upon you. Retirement is a big decision, but it’s also an exciting time for a new way of life.
In the past, we have seen many retirees relocate overseas or domestically to an area they’ve always wanted to live in. What exactly do you want to do?
It can be tricky to manage with many possibilities and diverse circumstances, but we’re here to guide you through the process, whether it’s how to sell or rent your home when so many changes are taking place in your life.
Location, Location, Location
Explore! Once you’ve chosen to retire, have a look around and visit several areas to figure out where you want to live. In most cases, you aren’t required to decide the next steps quickly, so take your time. Often, retirees want to travel overseas, either by investing in holiday homes or making the big move abroad and starting a new life!
The destination does not have to change; nevertheless, it may be worthwhile to consider different locations where you can free up more equity, as other regions can vary significantly cost-wise. One factor to consider is moving from familiar surroundings and the distance between you and your loved ones.
We offer a Purchase Advice Service for our customers selling through us. We have access to data which enables us to indicate what the value of a home should be by looking at the price it was last sold for, how the values in the area have increased since it sold and whether works have been done to the property. There is a lot of other data we can provide on the home you are considering buying, ask us for more information or click here to see a sample report.
Perhaps you don’t want to leave your existing area but would like to free up equity and downsize to a smaller property. If so, register with agents who can notify you of new stock coming onto the market, but be prepared to put your home on the market before making an offer on another.
Another consideration while deciding where to go is accessibility. Is there a local shop nearby that is easily accessible? Is public transport available and reliable? When you research the areas, keep this in mind – it’s doubtful you’ll want to live in the countryside without a car and no nearby facilities.
Fixtures and Fittings
Unsure what to do with the furniture? There are many options for what to do with your furniture, including selling it, donating it to charity or bringing it with you to your next home. It is wise to wait until you have chosen your next home before deciding which furniture to keep since the layout and size of your new home will determine what you can bring with you.
Depending on your buyer, you can offer to sell or include the furniture in the sale, in most cases benefiting both you and the buyer. Simply advise your agent that you wish to offer the purchasers some furnishings (at a reduced rate or free) before accepting their offer, so everyone is on the same page from the outset. Alternatively, if you want to rent your home to tenants, you could leave your furniture in the property and advertise it as a furnished rental.
The emotional bond held with a home may be a significant factor in preventing retirees from leaving their homes since many have raised their children and even grandchildren in their homes. It may be difficult to say goodbye to those memories in your home, but remember, many more memories will be made in future home.
Motivated or Reluctant to Sell?
When a homeowner decides to sell, an agent needs to question how driven they are to sell or are there any aspects which may make the seller apprehensive and how the agent can assist overcome these barriers. If you are hesitant, let us know why — we appreciate that not everything is always as smooth sailing as you may want in terms of your reasons for moving. However, we aim to provide you with the best advice to settle your nerves.
For example, you may wish to improve your lifestyle and relocate to a more desirable location due to changes in the neighbourhood or fluctuations in the value of your home. Being sure about the move helps the process flow more easily because if you are hesitant, the purchasers will sense it and become cautious about their purchase.
It is never easy to leave family behind in a move, we find it is best to discuss your intentions with loved ones before meeting with estate agents, especially before marketing. If moving home is truly what you desire, discuss the distance with them and your intentions to reassure your family that the distance will not be an issue.
Need a Guaranteed Figure?
Unless you are downsizing, it is likely you may need a particular figure to facilitate your move. Therefore, it is best to speak with an estate agent to see what they believe your home would be worth, investigate the area you want to move to, and gather a rough idea of the property prices – do this before anything else!
We wish you the best of luck in whatever you decide to do.