Financial Benefits of Downsizing Your Merrimack Valley Home

Looking to buy or sell a home in Merrimack Valley? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (978) 852-3001 for a FREE home buying or selling consultation to answer any of your real estate questions.

This is an important and sometimes uncomfortable topic that we have to talk about. You may be getting older, and your home may be becoming too big for you. Furthermore, if you're retired, your home may be getting a little expensive without a steady income. So, what are the benefits of downsizing?

Smaller homes require less maintenance and the cost of utilities goes down. This is all great in terms of financial well-being, but will you benefit from the less-is-more philosophy? That's something that you need to decide for yourself.

I urge you to get together with me to make sure that the time is right for you. If we can sell your home quickly and for top dollar, turn around and buy a smaller home with cash, then it may be a good option for you. Everyone's situation will be different, and conferencing with me will increase the likelihood of a stress-free transition.

Please don't hesitate to contact me!

Take Action on Your Merrimack Valley Property

Looking to buy or sell a home in Merrimack Valley? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (978) 852-3001 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you or someone you know has a vacant property in Merrimack Valley, there are a few things you should know.

A vacant property is a non-producing asset. There is a potential to benefit financially if the asset is converted into a sale or a lease. Ask yourself what the financial potential is of this asset and whether you’d be better off selling or leasing.

Can you get an IRS tax deferred exchange? Is there a way you can convert that asset into a product you profit from monthly?

Should you move in and utilize the property? Maybe pursue a reverse mortgage. You might be able to utilize the property without having to pay a mortgage payment.

If you’re interested in a free consultation about a vacant property, give me a call or send me an email today! I look forward to speaking with you.

Sell Your Merrimack Valley Home This Winter

Looking to buy or sell a home in Merrimack Valley? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (978) 852-3001 for a FREE home buying or selling consultation to answer any of your real estate questions.

This is a follow-up from a similar video we recorded a few weeks ago. We address the question, “Does it make sense to list your home during the winter?” My good friend and mentor, Mike Ferry, goes over some tips to help you out on this.

1. Some people have to buy because of tax reasons. They need to close by the end of  the year. It’s important to get the transaction done by December 31st. In some cases, it makes a dramatic difference in the financial health of a particular buyer.

2. Employees begin new jobs in January. Transferees need to quickly find a new home to live in and cannot wait until the spring. Sellers must have their homes listed to catch these pools of buyers.

3. You can still be on the market and restrict showings. During the holiday season, it’s appropriate to restrict showings on certain days. Identify about seven when you don’t want buyers stopping by.

4. You can sell now for more money. We can provide a delayed closing or an extended occupancy until early next year. This benefits you, because you have an opportunity to become a non-contingent buyer in the spring with high inventory in the market for less money. This allows you to sell high and buy low.

5. Inventory will go up in the spring. Anyone in real estate can tell you this. There will be more competition during the warmer months. Statistically, you are less likely to earn top dollar or even a high profit with high inventory. Take advantage of low inventory now and make your property stand out.

Should you list during the holidays? You decide. If you have any questions about this topic or anything else, give us a call or email today. Let’s chat!