What No One Tells You About Selling Your Home After 60
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- Опубліковано 9 лют 2025
- There are unique challenges homeowners who are over the age of 60 face when they decide to sell their home. Years of memories, routines and emotional attachments make the thought of moving overwhelming and potentially impossible. In this video I will share tips and strategies to help you navigate the process of selling your home without going into ‘analysis paralysis’!
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What is your biggest challenge with selling your home?
getting my husband to clean out the garage that he promised me would not be like the garage at our last house. Yeah I like how that didn't happen!
sts in central Florida go down, I will be ready. I'm 62 and completely alone in the world, other than my pets. I have no family to speak of, so enlisting the help of family is not on the table. I'm terrified. I live in northwest Florida and have hated it since I came here. I wish I had never moved up here. I miss my old house so much. I would move back in a heartbeat, but I can't because someone else lives there now. I am miserable and desperate to go back home where I belong.
@@mcmlxii4419 Thank you for sharing your story. Please know that you're not alone - what you're feeling and experiencing, although painfully challenging, is not uncommon. I wish I had a 'magic answer' for you - unfortunately I do not. All I can share is that proactivity (moving toward something) is better than inactivity. I appreciate your openness and you being here.
We had a big move overseas a few years back, after living in our 3000 sq ft house for 20 years. We had SO much stuff. The best thing I did was hire someone to help me. She came to the house several times a week and we went through each room together decluttering. She took the donations away immediately and dropped them where they needed to go. She knew how to sell the more valuable stuff. We made more money from those sales than it cost us to hire her. She also found some young people who could use extra cash to come over and move the heavier stuff for us. I don't think we could have managed the move in the time we had without this help.
Third option that we are doing is making an separate apartment in part of our larger house. The rent will completely offset our taxes, insurance and maintenance costs. We have lots of experience with rentals. We are adapting our unit for aging in place.
That is a great option! Thanks for sharing 😊
Really great video! As I recently prepared to sell my deceased ex-husband’s house, the house we built together and raised our children in, I was having serious health problems. I slowly realized I needed to pay someone else to do anything possible. I’m glad I had the finances to do it. More important, I had to learn how to ask my kids to pitch in. It was good for me to get the help and I think they grew up and were very proud of what they did.
Thank you for sharing your story 😊
Just put my house on the market this week. New windows, new HVAC, new flooring, new roof, remodeled bathrooms, all new appliances in the last five years. Previous owner had already remodeled the kitchen. All the costly important stuff has been done. Highly recommend hiring help, even someone to help lift heavier boxes and stuff.
Great video!! Thank you. Helps me to stop resisting!
You can do it!
Thanks for a very thorough presentation on this topic. There is plenty of food for thought.
You're very welcome!
I agree with everything you said. Thanks for sharing your thoughts. For me, the emotional attachment to things is making my downsizing task a major challenge. But I keep reminding myself it's just things and can't take it with me when I die. It's still hard to do this but I'm working through it slowly.
It's definitely hard but acknowledging the attachment is the first step....you'll get there!
This information was VERY important and valuable. You are 💯 correct on everything you mentioned . We just moved and wish we saw your video earlier . You literally touched on everything and I’m sure you will help SO many of us . Huge thanks 😊 😊
Thank you for your feedback and for watching!
I went thru this 4 years ago. I was tortured. I still am. My husband couldn't wait to move. He still tries to convince me we did the right thing. I know he was right. But it was still difficult for me. We had a small mortgage in the house. Plus it was a large home . Split with many levels and steps. Plus we sold and paid off that mortgage and buy our home at the jersey shore cash. Plus our property taxes are half what they were. New home much newer too. Yes many pros to the move but I still miss my old home and neighborhood in west Essex nj. Yes even after 4 years. But it was the make sense move. 😢❤
This is a hard conversation for most. Thank you.
Great video. I've begun making very small uodates to the home, and I also began getting rid of things. I like the idea of setting deadlines because it's so easy to avoid working on purging. My adult children need to get involved in our purging too since we have some of their stuff in our home. I'm in my early 60s. I hear from my spouse about downsizing. Living in 2000 square feet, it's hard to imagine living in 1000 square feet. But I know it can be done. Change is a part of living that we should always be open to experiencing!
It's a tough transition and one that most don't expect. Slow and steady - that will get you to your goals!
When I'm that age, I'll be selling AS IS no fixing no updating! People can take it or leave it! I don't owe them anything! Neither do boomers. THEY EARNED IT!
I've seen houses that haven't been updated in decades sit on the market for months. Yes, you can sell it AS IS to a company that buys "ugly homes" for rock bottom price, then sells again for a small profit to a flipper.
As someone who recently sold my late relative's home that 'needed everything' - I totally agree. We discussed the pros and cons of doing a few things to spruce it up but in the end decided to sell it as is. It was a wise decision because the buyer (had 6 offers in 4 days - way over asking) was able to do all the things they wanted to do to it with no concern about ripping things out that needed to go anyway. I then tried to sell my move-in ready home not far from his area, a couple of weeks later, and got no offers for 2 months. After what I had spent over the years, if a realtor had said to re-upgrade everything to today's look, I would have laughed. Too much HGTV expectations out there.
That's what we did with our parents' house. Sold AS IS but not to a flipper
@sidewinder3434 Did you accept less money from a non flipper
@@sidewinder3434I think when selling a house you inherited, you can afford to do less and take less. It’s all profit. When you need to get as much as possible to have somewhere else to live, it’s different.
Jen, thank you so much for this information. We were in the process of getting the house ready to sell to move to TX this summer/fall, then 3 months ago, my dad died, then two weeks later, my husband got really ill and now has stage 4 liver disease and congestive heart failure. Now I'm just sitting here - emotionally and physically exhausted. Still wanting to go forward with the move, but too tired to get focused. Husband can't help me with this now. Your suggestion of making a list - on paper - of a timeline is something I will do. It will give me a plan. Also, we haven't discussed any of this with our tax lady, so we need to do that. I didn't even think of that! On one hand, I feel like I need to hurry up and get this done. OTOH, I want to not hurry and take my time, and if it takes a year longer, it just does. Maybe spend the winter, going down the checklist and getting things done, and shoot for next spring. I'll watch this again, and bookmark it to help keep me on track. Thank you, again.
Thank you for sharing your story! Unless you have a pressure point (financial or otherwise), its okay to slow down the timeline. The important thing is that you're moving forward - no matter how slow. Chipping away bit by bit will help give you momentum, which in turn will make you feel better about the whole situation. Something accomplished, no matter how small, keeps you from getting stuck. You got this!
Very helpful!
Thanks for the feedback - appreciate you watching!
My husband and I have been married for 42 years, and are 64 and 69. We bought our first home in 1983, brought our 3 kids home to that house. We then moved in 1993, kids grew up there, went to school, college, left to start their own lives. We were now empty nesters and the house was too big. Moved in 2010 to a much smaller house, but then our three kids all got married and had their children, so now family get together have gotten tight in our downsized home. So, in 2023, we bought a larger home so that all of us can hang out comfortably. We love this place and hope to not leave for a long while.
Then, in 2024, my 93 year old Dad entered a nursing home. My husband and I emptied, repaired and cleaned up my family home of 55 years and many memories. It is a large 5 bedroom colonial that was packed full of memories and stuff. We have the house listed now to sell and have done more repairs as needed per the inspection report. We hope that soon this wonderful home will find a perfect family.
Thank you for sharing your story and your journey❤️
Thanks for sharing. Not for me, but I can see how it will benefit some.
Thanks for watching!
don't remodel your house if it's old and dated. Yes you'll lose some folks but there are oodles of people who DREAM of a house where THEY can do that work. Just take less money, you'll come out better in the end anyway. Improvements won't get you 100% back. Don't bother. Sell that bad boy as-is, price appropriately and take that money! Don't remodel. For how to handle all the stuff, I have two words - Rent Dumpster! The glory of pitching all that junk, those boxes of screws, those old plastic cups, etc. In The Can It Goes! YAY! Once you get over the initial shock you'll be whistling in joy as you dump another box in the can and never look back. Did it, Learned to Love it, AWESOME
in our area the comparable homes have all been updated....we have not had the cash do to so.... So, now that kids are gone, we would like to get out of a 5 BR two-story with laundry in the basement (ugh) into a smaller one-level home, but when I look for those homes, ack, they are significantly more expensive than what we could get from current home (which has no mortgage). We could spend about 40k painting and new carpets, but the kitchen and baths are not updated.... We don't want to take out a home equity loan to fix the kitchen/baths and then have buyers decide the 200K is just not good enough. Yikes.
Hi Jen😊Thank you for all the wonderful videos. Hoping you can help me with a fence question. I have a 10 year old wood privacy fence surrounding my backyard. It’s been great having it but after 10 years, it’s showing signs of rotting wood. We stained it awhile back and it looks overall good with the exception of a few flat pieces that run across the top of the fence. Do you think it’s necessary to replace these pieces or do you think a home buyer will not consider the condition of the fence when deciding to purchase or not? Thanks so much! ❤️🙏
This is a great question! I'm going to answer it on my Livestream this Tuesday 9/24 at 6pm EST. Feel free to join in the conversation or watch it anytime afterwards!
How early is too early to start consultations? We know where we want to go, we know we'll need to sell our current home, but we have to wait until retirement to do the actual move.
The earlier the better, but starting the process (with agent interviews and talking to your financial advisor) roughly 6-9 months before you want to move should give you enough time without feeling rushed.
@@savvyhomeseller Thank you!
I would have a hard time leaving all my doctors I found I trust.
Downsizing was the hardest! I did hire help with the process. Great tips !
Sharing your Vlog 😊
Appreciate your comment!
You make a lot of sense, but not everyone has friends and family that want to help or the money to hire professionals. This is a big reason the anxiety sets in.
Sadly, I 100% agree with you 😞
I don't have money to repair and up date and owe very little. Why is it so important to spend money to renew remodel update what if people don't like what you do. The cost to up date, take that amount off sale price and someone could fix up the way they want. Why is that not popular.?
Agreed, this needs to be a whole market segment. Every home in our neighborhood that has sold in the past 10 years, the new owners have come in and gutted the place for complete remodels. Didn't matter if the home was "updated" or not. Yes, you have to ask/take less if the home is not "current", but home improvements almost never return their investment dollars anyway. If the improvements are/were not for your personal enjoyment, don't do them. I have witnessed neighborhood homes where the owners spent north of $100,000 on repairs and updates (new kitchens and baths being the big/popular items), only to see the house gutted after the sale because the new owners wanted something different. A real shame to see all of those new materials (cabinets, fixtures, tile, carpet, etc) in a dumpster in the driveway after that kind of investment on the part of the previous owners. I think a lot of this is due to "agents" wanting quick sales at high prices/commissions, rather than going to the effort to match buyers and sellers. Understandable, but there needs to be a "new way" in the real estate industry. Particularly for people who aren't pressed to move in an immediate manner due to a job transfer, marriage, new baby, etc. It isn't just the seniors who need "move counselling", its the buyers and agents as well.
@@leonaowen9234 I think the most benefit comes from keeping up with foundational and mechanicals - roof, HVAC, hot water heater, windows etc. I think if people feel the house is in good shape physically, they will be more willing to do the decorative renovations over time. I agree that I see so many people come in and reno kitchens, bathrooms, floors.
@mazhar1980the problem is what is perfect for one person isn't perfect for someone else. Some people still want a formal dining room, some people don't. Some people love open shelves, some people hate them. Some people want a total open concept, some people want some separation, etc
The good news is that you DON"T need (and shouldn't) do major updates to your home to sell it - you won't get your money back. I mention this in a lot of my content because 80% of the agents in the real estate agent will tell you the exact opposite - whether they are just trying to make a quick buck or just don't know how to do their job. My goal with this content is to educate and empower homeowners so you'll know what to say if an agent says you need to make those renovations. However, SMALL updates (painting, cleaning) and maintenance repairs go a long way if you can afford the cost and the time. At the end of the day, the house will sell in ANY condition - as long as its properly priced. 👍🏻
Well said - completely agree!