Buying a new home and moving for retirement is something that is pretty common in the United States. It also seems that it is something that almost everybody is doing nowadays. However, this process is something that will take some time and consideration. Buying a home, moving and starting over is exciting. However, it is also a task that you should take seriously. Think about your life now, and how it will change once you retire. What are the pros and cons of relocating? And starting fresh? Yes, starting fresh is possible even at the golden age. You’ve probably never had more money and time at your disposal. Now, you can finally enjoy life to the fullest. And you deserve it. Let us guide you through buying a home in Virginia after retirement process, and help you handle it the best way possible. You don’t only need it, you really do deserve it.
Reasons for buying a new home after retirement
We all have different reasons, however, we all have the main goal in common – we want to make our lives better, every aspect of it. And that is the main reason behind every home buying process. In Virginia, Japan or anywhere else in the world. We just want what’s best for ourselves and our loved ones. Retiring and enjoying your mature age comes with many benefits, and one of them – you will have much more time on your hands. Time to take charge of your life. And that sometimes means changing your surroundings and starting over.
Your family home might have served you for many years, but it’s probably not the right fit for you anymore. It might feel like an empty nest, or it might be too big now when the kids have moved out. Maybe you want to be closer to your grandchildren. We all have our reasons, however, investing in real estate comes with a great deal of work that needs to be done. Our number one advice for you would be to really think through your reasons. Make sure that they are good and reasonable ones.
Gathering the money
Yes, we need to mention and talk about this aspect when having a conversation about buying a home in Virginia after retirement. Your budget. It is real estate, and such investments don’t come cheap. That is why you need to really consider your budget, as well as your wants and needs. What are you looking for? And can you afford it? These two things can also be very different, so make sure you know your budget as well as your limits.
Calculate your budget. Look into your savings. Talk to your loaning manager and ask for some advice. Try to get all the information and advice that you can use to your advantage along the way. And also – don’t depend, but rely on professional assistance. Having someone who knows the real estate business to its core on your team is of crucial importance. Why? You will want to get the most value for your money’s worth. We all do.
Yes, you will want to hire a professional
As we have mentioned before, having a seasoned professional when buying a home in Virginia after retirement is your best option. It will save you some precious time, energy and even money. Hiring realtors or real estate agents sounds more expensive than it is. And their service, on the other hand, is much needed. Even though you might be buying your 10th house this time around, if you are not a real estate professional yourself, you will need some help for sure.
This market changes, without us even noticing. And in order to get as much value for your money, you will definitely need some advice and someone who can lead this whole process. Especially if you are coming from another state. Relocating from one place to another is stressful enough as it is, and moving interstate, well – let’s just say, there will be many things to consider when moving to another state. Let professionals assist you. It is the best thing you can do.
Decide what you’ll do with your current house
You will have to make this call, sooner or later. And even though leaving our old lives behind sounds fun and exciting, leaving all these memories behind as well can be harder than you might have originally expected. That is why you need to think about this move. And we mean – really think. Will you leave your old house to your kids? Or are you going to sell it?
Whatever you choose to do, make sure you do it fast. Letting time pass by won’t help you, and especially if you tend to get nostalgic. Allow yourself to enjoy your new beginning, and say goodbye to your old life. Leaving your old family house behind doesn’t mean you’ll leave all the people you love (or the memories you share with them) behind. It is just a property. And the sooner you start thinking this way, the sooner this process will become enjoyable. And you really want things to go smoothly, trust us on this one.
Set up your criteria
Your new home in Virginia needs to be perfect. It needs to meet your expectations and everything you have dreamt of all these years. Make a list of things that are a must and a list of things that are a no-no. You will have to make a compromise here and there, but there are still some things that are and should stay deal breakers. You deserve the best. And now, you can finally be picky.
Enjoy the process
Your real estate agent will lead the way, and all you have to do is to follow his or her lead. Of course, it is your house and you make all the calls, however, your real estate agent (or realtor) is there to do all the hard work. Buying a home in Virginia after retirement is something that you have waited for for so long. Make sure you enjoy it!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com