If you’re considering retirement, rest assured your local Realtor can help with the transition
So, you are considering retiring from your job. For most people, that’s a great decision—a time to relax, unwind and do all those things on your bucket list. The next question might be: Where should I retire, and what do I do with my current house?
The first step should be to speak with an experienced local Realtor. Having a conversation with a local professional about keeping your home, renting it out or selling it will help you determine how best to realize your goals.
The strength of the housing market and local home values can have a big impact on how much you make from the sale of your home. If possible, it’s always best to time your sale to maximize your profits. Your agent will help you find the service providers you need to stage a home, update your landscaping, make minor repairs, and make sure it is ready to show.
Your Realtor will also be able to provide professional photos, floor plans and videos. Always make sure your agent uses a wide array of marketing tools for your property—snail mail, targeted advertising, and social media posts, as well as open houses.
Now where will you move to? I always suggest to clients to visit possible retirement destinations.
Drive through the area. Stay overnight for a few nights. Visit the shops and restaurants. Do these areas have enough for you to do, whether it’s volunteering, fishing, hiking, playing sports or immersing in cultural events.
Renting a home for a short while in that area will also help you decide if this is the right location. Other factors to consider are the cost of living, taxes, and the state and accessibility of the local healthcare system. Is it easy to get in and out of the main hub for traveling purposes?
Your hometown Realtor will most likely be able to refer you to an agent in the town where you’ll be settling. Most agents have strong referral networks, so that will save you from just picking any Realtor there.
Taking these steps should ensure that the moving to the next chapter of your life will be seamless.