Making the transition into retirement brings with it a lot of issues to consider. Chief among them is planning around where one is going to live. Should seniors sell their home now or wait? Do they have to sell at all? For many people, deciding to stay at home or to move is a major life choice. After all, you may have many years of good memories stored in that home. Is it time to move? Making this decision requires thinking about several key points, learning as much as you can about the process, and making sure you and your family are all on the same page. It can be a daunting process, but it doesn’t need to be. Our team at S3Living can help you to determine your best route forward in every case. Here are some instances when selling a home can make sense.
Sell Your Home to Move into a Retirement Community
One of the reasons many seniors sell their home is because they are ready for a new phase of their life. They want to be a part of a 55+ community. They want to be able to live around people who share the same interests they have. In some cases, they want to downsize because they no longer want or need the significant amount of space they have. There are a variety of retirement communities. Making the decision to move and become a part of a community means individuals need to be clear about what their current needs and desires are and how those may change in the future. Finding the right community can take time. Fortunately, S3Living can be your guide through the process, providing you with options and arranging tours.
They Want Financing for Retirement
Another key reason for considering selling their home is when you want help financing your retirement. Selling your home may free up a lot of capital for you. You may want to use those funds for many things:
- Paying for a new home in a tropical area
- Funding more vacations
- Exploring the world
- Moving closer to the grandkids
- Moving into a dream home
Retirement planning is very much a personal decision. Yet, financing your retirement goals, from travel to just more time on the golf course, can be supported if you sell your home.
They Need Help with Maintaining Quality of Life
It’s natural for health to decline as we get older. You may not be able to do all of the things you want to do or used to do. For some seniors, this can lead to limitations in daily quality of life. You just need more help. If they sell their home, they can move into a space where they can get the amount and type of help they need.
In some cases, this will be an assisted living community. For others, it may mean more long-term care with nursing support. The options are many. When you need support, even if it is hard to admit it, it helps to know that you can use your home’s value to fund it.
Retirement planning is a key component of your future. Our team at S3Living wants to lay out the many options available to you. No matter why you are thinking about selling your home, we can offer you guidance on the options available to you. We can even help you to sell your home.
Make the Decision with Support from S3Living
Seniors have every right to live in their home as long as they would like to do so. Yet, for some, retirement planning may mean it is time to sell their home. When that is the case, our team at S3Living wants to provide you with all of the help and support you need. Learn more about your options by contacting us at 833.405.0263 now.