Comments on: Housing Slump Postpones Moves to Retirement Communities http://www.topretirements.com/blog/real-estate/housing-slump-means-postponing-moves-to-retirement-communities.html/ Retirement Communities: How to Find Yours Wed, 20 Aug 2008 18:32:20 +0000 http://wordpress.org/?v=2.5.1 By: Nicki Conway http://www.topretirements.com/blog/real-estate/housing-slump-means-postponing-moves-to-retirement-communities.html/#comment-352 Nicki Conway Tue, 18 Sep 2007 11:53:53 +0000 http://www.topretirements.com/blog/real-estate/housing-slump-means-postponing-moves-to-retirement-communities.html/#comment-352 I'm a Realtor in Sarasota Florida and I specialize in helping baby boomers with their retirement housing needs. These days I am getting a lot of baby boomers who would buy a home from me, but who are waiting to sell their homes in other places. My advice to anyone who is "waiting" for the right price for their house is this: Don't wait. Your house is worth what a buyer is willing to pay for it. Buyers have been doing research on the Internet and through their Realtor. The price of your home should be based on what other "like" homes have sold for in the past year. If you're not sure what that number is, pay a little money to get an appraisal. You know you can get the price you want but if your home won't appraise for the amount you get, you will have to reduce your price or the deal will fall through. In this market, I've seen it many times. Lenders are squeemish and homes are appraising for less than the amount negotiated. These are hard times in the real estate business. On the bright side :grin::grin:, the home that you BUY will be less now, too. Remember, your listing will sell if it represents a good value to the buyer. Get a little bit ahead of the current market price-wise and you'll find a good buyer for your home. Good luck fellow boomers! I’m a Realtor in Sarasota Florida and I specialize in helping baby boomers with their retirement housing needs. These days I am getting a lot of baby boomers who would buy a home from me, but who are waiting to sell their homes in other places.

My advice to anyone who is “waiting” for the right price for their house is this: Don’t wait. Your house is worth what a buyer is willing to pay for it. Buyers have been doing research on the Internet and through their Realtor. The price of your home should be based on what other “like” homes have sold for in the past year. If you’re not sure what that number is, pay a little money to get an appraisal. You know you can get the price you want but if your home won’t appraise for the amount you get, you will have to reduce your price or the deal will fall through. In this market, I’ve seen it many times. Lenders are squeemish and homes are appraising for less than the amount negotiated. These are hard times in the real estate business.

On the bright side :grin::grin:, the home that you BUY will be less now, too.

Remember, your listing will sell if it represents a good value to the buyer. Get a little bit ahead of the current market price-wise and you’ll find a good buyer for your home.

Good luck fellow boomers!

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