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When to Sell Your Home When Moving to an Assisted Living Community

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When to Sell Your Home When Moving to an Assisted Living Community

Moving into an assisted living community is a huge step for any senior. At Bethesda Gardens in Terra Haute, IN, our welcoming, compassionate staff do everything possible to make the move as seamless as it can be. We help you decide which level of care might be best and what type of apartment layout might work for you. And we work to introduce you to all the community has to offer, which includes a wide range of services and activities.

While we work to take as much burden off you as possible, you and your family do still have some choices and tasks to handle to make your move complete. One common decision is whether you will sell your house and when and how you'll do it. Some seniors and their families make the choice to sell homes before or as they're moving into assisted living communities. Others wait and handle this task later down the road.

Pros and Cons of Selling Your House Immediately

One of the biggest benefits of selling your house before you move or as you're moving into an assisted living community is financial in nature. Any proceeds from the sale can be used to fund your move. But you may also get peace of mind knowing that you're not obligated to pay for anything related to the house, such as maintaining it or covering taxes, utilities or other expenses.

However, selling a home can be a big endeavor. If you're trying to accomplish this at the same time you're planning to move or are moving into an assisted living community, things can get hectic. You may be trying to downsize your personal items, which can involve a lot of sorting and moving items around the home. That's not ideal for staging your home for showings, which can impact how much you're able to sell the home for.

Pros and Cons of Selling Your House Later

The biggest disadvantage to waiting to sell your home is that you don't get any financial benefit of the proceeds for your move. For some seniors, this isn't an option, as their house is their biggest asset and is a main factor in financing their move. If this is an option, however, you can take advantage of several benefits of waiting.

First, you aren't living in the home when the real estate agent is trying to sell it. Showings won't disrupt your days, and the agent can stage the home to show off its best assets. Second, you'll never find yourself pushed to meet a buyer's deadline, which can make moving into an assisted living community a less stressful and rushed effort.

Ultimately, how and when you sell your home — or if you do sell it — is a personal choice. Know that the staff at Bethesda Gardens is here to support you whatever path you took to become a resident at the assisted living community.

1 comment (Add your own)

1. prudentialmagnoliarealty.com wrote:
To consult a senior-friendly realtor before you ultimately make a decision. Their expertise, not only in the field of selling homes for seniors but also in the real estate market in your Indiana neighborhood, should help you to make a more informed decision.

Wed, March 25, 2020 @ 8:50 AM

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