As you know, your home takes a lot of time and money to maintain. As we get older, we tend to slow down, the house repairs and maintenance list keeps growing. If you have kids, they may be planning to leave, or have already left the nest. This will only increase your work load. It may be time to consider taking a break, a permanent one!
Selling your family home or other real estate could provide you with the extra cash and provide you with the break you have earned. More importantly, you will find yourself with more time to spend with friends and family and doing things you love. I would recommend speaking to Luci Rizzo for advice on your real estate market and the steps to sell your home. You will be amazed by her knowledge and client focus service.
Many people have a different plan for their home or other real estate. Some wish to pass the home down to their kids, others want to sell the home to fund their dream retirement, others rely on there home for their retirement. Regardless of your plan, you should communicate it with your financial advisor; he or she can work with your financial team, real estate agent, accountant and estate lawyer to make sure the plan is possible and how to attain it. It is highly recommended to speak to your advisor before the sale of your home, so they can prepare and plan accordingly.
Without a plan there could be some serious consequences. You could be faced with unexpected taxes and/or capital gains. These surprises could reduce your profits and suddenly, your dream is no longer attainable. Putting a plan in place will allow you to move forward with confidence in a stressful situation. With the help of our team, it will be an enjoyable experience. Your loved ones will thank you.