How Elderly Home Sellers Can Avoid Selling at a Discounted Price

If your neighbor wants to buy your home, there are four tips to remember to keep yourself from selling at a discounted price.

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Are you a senior citizen thinking of selling your home and you have a neighbor who wants to buy it? Here are four tips that will help you avoid selling at a discounted price.

First, make sure you obtain an accurate market analysis. This is especially important considering we’re still in a seller’s market.

Second, if you’re a single person, make your decision with your head—not with your heart. In this case, when a decision is made based on emotion, money is oftentimes left on the table, and valuable equity along with it. You might think you’re doing your neighbor a favor, but in fact, you’re doing yourself a disservice.

When a decision is made based on emotion, money is oftentimes left on the table, and valuable equity along with it.

Third, expose your property to the largest audience of prospective buyers. Roughly five million home sales are expected to happen across the country throughout 2019, which means there might be somebody out there who’ll pay $10,000, $20,000, or $50,000 more than what your neighbor is offering while trying to buy at a discount.

Lastly, don’t cave in to the pressure of doing something just to satisfy someone else because you think it’s the easiest solution.

If you have any more questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.