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What to Know About Selling a Home You’ve Owned for Decades

12/28/2022

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Just because you have lived in the same house for decades doesn’t mean that you have to live there forever. Because of different life circumstances or desires, you might need or want to move to a different home. With the right marketing, you will be able to sell to a buyer who loves your home as much as you do. 

It May Need Upgrades

If you are worried that an old home will not sell on the current housing market, don’t be afraid! With a few upgrades, your home can compete with newer properties easily. When you walk into your home, what makes it look or feel old? 

One thing that you may consider upgrading is the flooring or carpeting. Flooring and carpeting in homes are constantly being walked on, so they experience a lot of wear and staining. Upgraded flooring and carpeting will give your home a plush, updated feel. 

You May Owe Taxes

You will still owe property taxes until the sale closes. It is important to find out if you need to pay these taxes so that you can budget for these expenses. If you are working with a real estate agent or another professional when selling your home, you can ask them about these property taxes. They can help you understand these taxes better and give sound advice about paying them off. 

Vintage is Stylish

Recently, people have been more and more attracted to older and more vintage things from clothes to homes. One of the major attractions of an old home is the fact that it probably has aninteresting history attached to it. You can play into buyers’ interests by researching facts and family stories about your old home to share during open houses or in online advertisements. You can share these things with your real estate agent as well so they can use them to more effectively market your home.

If you have an older home that you are trying to sell, don’t be discouraged by its age. Instead, use your home’s age as an advantage and major selling point. Make sure to remember when you are completing renovations and upgrades not to destroy the natural charm and beauty of your home’s age. Your home’s unique character will attract buyers and make your house stand out from competing properties on the market. 

Did you enjoy reading this article? Here’s more to read: How to Make Traveling More Fun in Retirement

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    My name is Dan Hopwood and I first started my career in the insurance business back in 1988.  2018 will be the start of my 30th year in the business. My agency is a member of the Better Business Bureau and holds an A+ rating.

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