I have been searching for a new home that is smaller, but one that gives me access to walking trails and a bit of the open feeling that I have enjoyed for many years. For the most part, it should be one story and in an area that holds value and will increase in value. It has been a challenging search because every time I think I have found it, it has been sold before I could even make an offer; even for me a real estate person who has access to all listings. Inventory is small these days. That is why I stress so strongly about having a loan secured (or at least a pre-qualification letter) before you try to make offers, no matter what your means are; or cash (proof of it). If you are in the market for a luxury property, depending on the location, you might have more time to dilly, dally, but trying to buy a median priced home in any area requires prompt action.
On to my story, I wrote up an offer tonight to buy a new home in the Caughlin Ranch area of Reno. Alas, the agent did not have an email to send the offer to! It is vacant and I camped out (should have ordered pizza). Spent two hours there re-invisioning the floor plan. I am one of those people who should never buy a move in ready house, because I will want to change it anyway. I am probably not the new home buyer sort of person- always the transformational sort. So instead of sleeping, I am up writing this article.
On a buyers side, when you finally decide to make the offer, you have so much invested in it- research, dreams, hopes and money. No matter what the price of the property, you have put yourself forward, to do what you need to to get it. The offer is made and you wait for an answer….If you come to an agreement, you wait for the inspections to be done, for the loan to be approved and the escrow to close.
On the selling side, you hope for a sales price that matches your expectations. You hope that the buyers don’t command too much. You hope that a buyer will love your house as much as you have loved it. You think about how you are going to move out years of stuff around the house, in the yard and in the attic before escrow closes. Leaving a family home is a very difficult transition even if you aren’t sentimental, but who isn’t? And once the decision is made, the children voice their opinions about how you can’t sell and shouldn’t, and they won’t come and get their old stuff that you have been storing for so many years.
Buying and selling a home is often stressful. Emotions run high on both sides. Sometimes little things can derail a sale. Sometimes big issues arise and a sale cannot go through without compromises, usually on both sides. The role of a real estate agent in a sale is to look after the interest of their party, to deal with the nitty gritty, to make sure that everything and I mean everything happens in a timely way and to smooth over the emotions and help with the transition. This is not a small task. It can mean helping someone move, staging a home to make it appealing to buyers, fixing big and small things in a home, making sure that the new home is attractive and secure for a buyer. There are so many ways a real estate professional helps with transactions.
For us baby boomers, hopefully we have equity built up in our homes. In todays market, it is more than likely that we do even if we didn’t a couple of years ago. While we are still vibrant we can decide to make changes that will suit us in coming years. There are many families out there looking for homes like ours and wanting to love them.
So, I didn’t get the home that I put the offer in on. But, I did get another one. It was listed one afternoon, I viewed it in the morning and went back in the evening. There was already an offer on it, but I was able to put mine in. I got it! It is actually, a move in ready place and there isn’t much I have to do to it. Oh, my god….now I really have to sell my house. Now, I have to face up to all that means and move ahead.
I gathered my children for a BBQ and tried to get them to claim things- furniture, dishes, pictures…. they did a bit but mostly had a good time visiting and eating hamburgers. Children cannot accept change in their parents, it just “rocks their boats”. Even good change. They cannot relate, in part because they are so much younger and “just don’t understand US”! As much as they think, we don’t understand “THEM”. They pull on our purse strings and our heart strings.
By moving when you are capable of making emotional and financial decisions without the help of your children is really one of the greatest things you can do for them.
This is truly written “from the heart”. If you are thinking of making a transition, please contact me for guidance and a current market analysis of your home. I can help you transition and can certainly relate.