5 Ways Baby Boomers Can Sell Their Homes in Westchester County NY

5 Ways Baby Boomers Can Sell Their Homes in Yonkers

Whether you’ve decided that you’re ready for a change or circumstances may be forcing you into the decision to sell your home, take a moment to familiarize yourself with the 5 ways baby boomers can sell their homes in Yonkers.

Traditional Listings

Hiring a local realtor in Westchester County to assist you in selling your home is just 1 of the 5 ways baby boomers can sell their homes in Westchester County NY.  Listing your home on the real estate market means that you’ll likely need to update the home’s interior and exterior. There will also be in person showings so you’ll need to consider living under the pressure of having your home picture perfect at all times. To top off the overall discomfort that can accompany showings, there is no guarantee that your home will actually sell on the market. 

For Sale By Owner

For sale by owner (FSBO) is another 1 of the 5 ways baby boomers can sell their homes in Westchester County NY. Due to the demanding nature of this undertaking, it is important to understand if selling your house, through this strategy, is right for you. While the attractiveness of this method of selling is understandable, in that you’ll be keeping the commissions you would’ve paid to an agent, more often than not sellers regret entering this highly complicated transaction.  There is a high possibility, that due to inexperience, the home owner could end up spending more than any savings that are realized. You could even wind up in court due to your lack of awareness regarding the local, state, and federal laws governing real estate. Furthermore. it can be difficult to enter into negotiations for yourself, especially due to your emotional attachment to your property. You need to understand the current market and your competition because setting the right list price can mean the difference between a quick sale and sitting on the market for so long buyers begin to believe there’s an unseen problem with your home. 

Owner Financing

While many boomers purchased larger luxury homes, these aren’t the homes today’s buyer is seeking. In order to expose your property to a broader buying base, seller financing is another way baby boomers can sell their homes in Yonkers. Understandably, if you’re under a time crunch, this option may be more appealing, despite the many risks. For many, becoming a landlord in retirement wasn’t the plan and may not be a viable option. First, you’ll be dealing with buyers who likely weren’t able to secure traditional financing for a mortgage. While buyers are responsible for the property as if it were their own, it’s highly possible that you could end up holding the property yet again and have to go through the process of finding another buyer. 

Rent to Own

Another way to open your possibilities is to consider renting the home with an option to buy after an agreed upon period. While it may not be a guaranteed sale, it is another way baby boomers can sell their homes in Yonkers.  Again, this has risks as you are still responsible for the property.

Direct Sale

One of the quickest ways baby boomers can sell their homes in Yonkers is through a direct sale. A majority of the process is complete within a matter of weeks. Now, whether you list with a realtor or sell the home yourself as an For Sale By Owner, remember that the costs of advertising and getting your home ready for buyers will fall on you, along with all of the legal risks in the long run. It’s highly likely you’ve been in your home for more than a short term, and you aren’t selling a brand new property. Because you’ll need to have the home appraised and inspected as well, be prepared for unexpected expenses. it’s wise to get an appraisal when you’ve decided to sell your home. You’ll also need to consider the amount of time any project could take, costs for this work, as well as budgeting and carefully scheduling any professionals you’ll need to hire for any necessary repairs. In this way, you will have a more realistic accounting to rely on for the true potential of profit you could realize on your home as well as how long of a time period you’re facing just to be ready to sell. In a nutshell, selling directly eliminates any concerns about affording to sell or the amount of time it will take.

If you’re a baby boomer looking into how to sell your home in Yonkers, the easiest and most convenient way to sell is by selling directly to Astor Lane Homes – no repairs needed, no showings and no commissions. Learn more about how we can help you by sending us a message or giving us a call at (914) 266-0055 today!

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in NY . There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (914) 266-0055...
  • This field is for validation purposes and should be left unchanged.