You’ve made the decision to downsize into a retirement home, and while excited about the benefits that come along with this, selling your family home and working out timeframes may seem quite overwhelming.
Firstly, the good news is you don’t need to have sold your home before purchasing a home at Vivid. Just as house sale and purchase agreements can be conditional, you can sign an ORA (Occupation Right Agreement) with Vivid Living on the condition that you need to sell your current home.
The Vivid Living team will work with you to determine the timeframe you might need to complete your house sale. All you then need to do is pay a $5,000 deposit to secure your dream retirement villa. This gives you peace of mind that you won’t miss out on the villa you want while you get your property ready to market and sell.
So now onto some tips for selling your home. We’ve asked an expert Real Estate agent, Rosalind Warren for her top tips to help make the process easier.
1. Surround yourself with a good team.
Selling can be an incredibly stressful time, that’s why it's important to have a trusted support team around you. As well as the obvious people like sales agents and lawyers, teams like home stagers, cleaners, gardeners, and even window cleaners can really enhance the presentation of your property. And if you’re not sure what to leave and what to take, there are companies out there who help with those decisions such as Senior Move Managers who are expert partners specialising in helping older adults make the transition into retirement. Find out more about their services www.seniormovemanagers.co.nz
Supportive family members can offer emotional support or a place to stay during the transition.
2. Find a good real estate agent.
Choosing the right real estate agent is crucial for your success. It’s essential to hire an experienced salesperson who knows the local market and has a good track record.
It also pays to research the different agency fees. Don’t be afraid to ask a friend or family member to investigate this, as variations in fees can often amount to tens of thousands of dollars.
3. Dealing with solicitors.
Have an upfront discussion with your solicitor about the likely costs involved. Ask for a quote – so there are no unpleasant surprises. If your solicitor already has power of attorney for you, this could make the process easier. Make sure your solicitor reviews the sales and purchase contract for your property before it is presented to any prospective buyer. They may need to add specialized clauses for your property sale if it is deemed necessary for your best interests. You can read more here. In addition, your solicitor will need to review and witness the signing of any new ORA you might wish to sign.
4. Most importantly, stay focused on why you decided to sell.
By keeping your eye on the prize, you'll be better equipped to navigate the bumps along the way. The Vivid Living team really understands how daunting selling your existing property can be, that’s why they are always available to answer any questions you might have and have a long list of expert and vetted suppliers who you can call to make your journey smoother.