Bernie Stephan, Eco Realty - Downsizing Your Home for Retirement

can use to avoid becoming too attached right away is to see the potential home as just a building that needs to be inspected and assessed for any major issues. This can help give you some emotional distance as well as give you more power in the negotiation process (if it gets that far).

THE FINAL CHOICE

So, now it’s finally decision-making time! Before you put an offer on the home that you believe is the right home for you for this next season of your life, please bear in mind the following: • You might need to make certain concessions; there’s no such thing as a perfect home. Double-check that the home meets all your needs and some of your wants—at least the most important ones. If you can check these off, then you’ve probably found the right home! • If the home is just a bit out of your price range, consider going back to your bank or lending agency to see if you can increase your mortgage slightly, but only if it’s manageable for you. At this season of your life, financial trouble down the road is never worth it. • Consider lowering your expectations slightly on minor issues of the home’s condition (obviously, major issues are major red flags). But minor issues can often be dealt with easily, even if you are not handy yourself or have health issues that prevent you from doing so. You can also use minor repair issues as bargaining tools to get a better deal on the home sales price, which we’ll talk more about later in negotiation tips for buyers. Let your real estate agent take the lead here, so it’s handled appropriately. • Be prepared to walk away. Yes, you read that right. This is

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