{"id":35321,"date":"2020-01-06T15:37:00","date_gmt":"2020-01-06T20:37:00","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=35321"},"modified":"2024-12-30T11:03:25","modified_gmt":"2024-12-30T16:03:25","slug":"downsizing-from-house-to-condo","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/downsizing-from-house-to-condo\/","title":{"rendered":"Seven Ways to Help Clients Downsizing from House to Condo"},"content":{"rendered":"\n<p>From retirees to city\nslickers with new jobs, many consumers seek to get out of a house and get into\na condo. Homeowners want less space and maintenance with all the modern\namenities they prefer. Thoughtful agents can make this transition as smooth as\npossible for their clients. Consider seven ways to help clients downsizing from house to condo, so they can sell a house for top dollar and find the condo of\ntheir dreams.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Get Out the Tape Measure<\/h4>\n\n\n\n<p>Often potential buyers estimate the size home they\nprefer to see. However, this can lead to disappointment if the house winds up\nto be too small for all the buyer\u2019s essential belongings. Bring a tape measure\nto house showings to verify the size of the rooms. Review the size of the\nbuyer\u2019s current home versus the condo they want to purchase. Discuss the closet\nand storage spaces as well as the living areas. Assist clients in finding a\nplace that is small enough to meet their criteria but large enough for them to\nlive comfortably.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Examine Home Equity<\/h4>\n\n\n\n<p>Some people downsize to reduce costs and\nmaintenance. Others want to relocate to a neighborhood that is closer to\nshopping, hospitals, and other amenities. Either way, it is crucial to have\nyour clients examine their current home equity. If their current house is paid\noff, the clients might be able to sell their existing property and buy a\nsmaller house without taking on a mortgage. Or they may have enough equity to\nbuy a condo and dramatically reduce their mortgage payment. Downsizing can have\nmeasurable financial benefits. Savvy agents work with local bankers and\nmortgage agents who can help with appraisals, pre-qualification, and financing.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Eliminate Clutter<\/h4>\n\n\n\n<p>Few clients want to view their valued possessions as\nclutter, but often that is what happens over the years. People continue to\ncollect and display items that may no longer be useful. <a href=\"http:\/\/bhgrealestateblog.com\/helping-homeowners-accept-the-realities-of-downsizing\/\">Downsizing<\/a> means clearing out the clutter\nfrom the house. If items are overfilling the current space, they cannot be\ntaken to a <a href=\"https:\/\/www.marthastewart.com\/1116854\/savvy-home-small-space-living\">smaller one<\/a>. If an item has not been used or\ntouched in a year or longer, get rid of it. Condo owners soon discover they\nlove the freedom of taking care of fewer things. An agent should have a\nshortlist of cleaning people and handymen who can help get rid of unwanted\nitems before people move.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Tally the Potential Costs for Maintenance and\nUtilities<\/h4>\n\n\n\n<p>Many people decide to downsize to reduce monthly\nbills such as utilities and maintenance. For example, many condo complexes\ninclude property maintenance in the monthly fees. Owners do not have to pay a\nseparate invoice for a landscaper and other outdoor maintenance. And, utilities\nare lower in a smaller home with updated, energy-efficient appliances and\nfixtures. Encourage buyers to invest in a condo with modern amenities to help\nthem save money on utility bills for years to come.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Consider Owning Versus Renting<\/h4>\n\n\n\n<p>Agents should recommend that clients who want to\ndownsize consult with an accountant or financial advisor. Create a list of\nfinancial pros to recommend to clients and encourage reciprocal referrals from\nthem. Encourage clients to discuss important topics such as capital gains and\nthe benefits of renting versus owning. Each situation is different based on the\nclient\u2019s age and current financial status. An accountant or other financial\nexpert is qualified to assess the client\u2019s situation and make educated recommendations\nto help them maximize their assets.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Let Go of the Old, Embrace the New<\/h4>\n\n\n\n<p>One of the most significant hurdles an agent can\nhelp their client\u2019s scale is letting go of an old house to embrace a new one.\nWhile clients are looking forward to their new home, it can be challenging to\nlet go of the routines and memories that go with living in one place for years.\nEncourage your clients to put together a scrapbook of memories as they clean\nup. Discuss their memories as they prepare to pack them up and go to a new\nresidence. Talking about the process helps clients get through it more easily.\nBe ready to offer reassurance and answer questions every step of the way.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Intro to a New Lifestyle<\/h4>\n\n\n\n<p>Sometimes clients imagine themselves in a specific\nplace at a particular time in their lives but may not realize what that really\nmeans. When you show homeowners condos for sale, point out the desirable\nlifestyle changes. For example, some condo complexes have features such as\nmaintained gardens and decks, common gathering areas, fitness centers, walking\ntrails, swimming pools, and more. Show them how the condo can create a new and\ninviting way of life that they won\u2019t get from their current homeownership\nsituation. Better Homes and Gardens\u00ae Real Estate agents can <a href=\"https:\/\/greenhouse.bhgre.com\/content\/BHGRE\/en\/content\/agent_tools\/supply-closet.html\">offer clients\nbranded swag<\/a> to\nremind them of who helped make this incredible new lifestyle happen.\n\nUse these tips to help\nclients who are downsizing from house to condo.\nOnce they sell a house and move into their new\ncondo, they will discover the advantages of this carefree lifestyle. And, they\nare sure to recommend the agent who helps them make this dream a joyful\nreality!\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better Homes and Gardens\u00ae Real Estate shares seven ways to help clients downsizing from house to condo to sell a house and buy the ideal condo.<\/p>\n","protected":false},"author":181,"featured_media":35331,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,51],"tags":[8171,9191,18201,40521],"class_list":["post-35321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-better-home-tips","category-client-tips","tag-client-tips","tag-condo","tag-help-clients","tag-sownsizing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Downsizing from House to Condo | Better Homes and Gardens\u00ae Real Estate<\/title>\n<meta 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