Empty nester: how to sell your home and downsize

When you sell my house fast in Kansas City and buy a smaller one, you will have extra money to invest in the stock market or any other business. You will also minimize your monthly expenses. Selling your home and downsizing is one of the options that will help you live a better life and save money in retirement. Read on to learn how you can sell your home and downsize smoothly.

First, Figure Out What Downsizing Means for You

People are different and have unique needs and desires when they retire. But many people fantasize about financing a good chunk of their retirement by selling their family home, buying a smaller place, and investing the difference for income. In reality, however, they often reap far less profit than they might have hoped for.

Done right, downsizing can still be a good idea. You might not just walk away with more money but also simplify your life and reduce home-maintenance and utility costs for years to come. To achieve that desirable outcome, you need to steer around the unexpected risks that make downsizing so dicey. (1)

So before you sell my house fast Kansas City, you need to think through the whole idea and make a decision. You need to ask yourself whether downsizing is the best decision or you will regret it later. Also, ask yourself how downsizing will affect your lifestyle. Please note that when you sell your home and downsize, it will be very tough to reverse the whole thing. So weigh all the pros and cons of downsizing and make a decision based on what you want, your financial situation, and your goals at retirement.

If downsizing is what fits you or what you want, here are the steps to ensure you get the best prices for the current home and transition smoothly to your new smaller home.

List Your Home for Sale

The first step is to list your home with a real estate company. It is advisable to work with trusted Kansas City home buyers who will help you in pricing and handling the entire process. Working with the right home buyer or real estate agent will increase your chances of selling the home quickly at a fair price. You can upgrade and repair the home or sell it as it is. Repair and upgrades are essential as they will increase the home's value.

Depersonalize and Declutter Your Current Home

If you want to sell your house fast Kansas City, you have to declutter it and remove most personal items. First of all, you should remove all those damaged and old items you are not using. Then remove photos and other personal belongings. This will ensure that interested buyers envision living there and will likely offer you a fair price and close the deal quickly.

Sell or Donate Extra Furniture and Other Items You'll Not Be Needing

You will be moving to a smaller home, so you will not need all your furniture and some other possessions. It is advisable to sell the extra furniture and other items you will not be needing or will not fit in your new home. You will make some money that can help you pay for the moving expenses. If you can't sell them, donate them to a charity.

Do Necessary Upgrades and Repairs

If you want your home to sell at a fair price and find a buyer quickly, upgrading it and doing the necessary repairs is essential. You should inspect the house and fix/replace leaking pipes, broken faucets, and other fixtures and structures.

Ensure All Home Appliances Are Functioning Properly

The next big thing is to inspect all home appliances such as the refrigerator, cooker, washing machine, air conditioning system, water heater, and others if they are functioning correctly. If some of the devices need repair, you should ensure they are fixed quickly before interested buyers step in.

Prepare the Home for Viewing

After making the necessary upgrades and fixing the damages, you should clean your home to get it ready for viewing. Home buyers want a clean, tidy, and organized home. So take time to clean and organize the home before you open it for viewing. 

Upload Amazing Photos on the Listing Site

When listing the homes, you will be required to provide photos and even virtual tour videos of the home. The photos and videos should capture everything buyers are looking for, such as the bathroom, kitchen, flooring, roofing, etc. If you had provided ugly photos when listing the home, you should upload these new amazing photos, and you will find interested buyers streaming in for viewing and making great offers in no time.

Get Ready to Move

When you need to sell my house fast Kansas City and move to a smaller house, proper planning will be essential. You need to prepare yourself psychologically and physically for this emotional transition. Once your house finds a buyer and everything is almost concluded, you should start packing your personal belongings. You should then look for a moving company.

Expect the entire process to be a difficult one when you handle it on your own. But when you work with the right real estate company, they will help you sell the current home quickly at a fair price. In addition, they will help you look for a smaller house in the neighborhood or any other preferred location. Don't forget to invest some of the money from the house sale. Once everything is done, and you have settled in your new home, enjoy your retirement life.