Retire VA 21-22 - 8

" Our sellers are getting tremendous, full value
for their homes in today's market. " LINDA BALLENTINE
Ballentine, who has been in business
for many years, notes, " Most of our sellers
purchased homes decades ago, and the
low inventory on used homes in today's
market assures them a good profit on the
sale of their residence. Since most of our
clients are downsizing, they can afford
their choice of a smaller home.
" Patio homes are at a premium and if
that is their next choice, no matter where
they go, those can be pricey but still
affordable for those who have full equity
in what they are selling. "
Amy Stone of Edward Jones Financial
Advisor says, " I think that the decision
to sell would need to be based on the
person's individual situation. If they
are selling just to take advantage of the
hot market but have not thought about
where they will live if they get a contract
and have to move in short order, then it is
probably not a good idea.
" If they know that they eventually
Sandra Griffith put up a for sale sign and sold her
house in the same day.
Linda Ballentine, founder and
president Crowning Touch, which has
added a real estate division to its senior
moving services, says her brokers have
been " selling like crazy for over a year
now. Our sellers are getting tremendous,
full value for their homes in today's
market. Recently our real estate division
has had several homes sell in a day. That
was not true in the early COVID months.
" In fact, seniors took their houses
off the market or delayed putting them
up for sale because they were afraid to
have strangers in their home. They were
also locked out of options if they were
considering a retirement community.
Most of those were locked down to new
residents for months. That listing freeze
is finally over. "
want to move to a different area to be
near family or closer to the amenities that
a bigger city offers, then it may be worth
considering, but again, the important
thing is to have a clear plan before they
list their primary residence. "
Andy Agee, American-National Bank's
market president for the Roanoke area,
sees the seller's market and says, " We
deal with a number of customers in
this situation, considering options. The
market is red hot and if you're ever going
to sell, this is probably the time to do
it, but you gotta have a plan, not only
where you're going. Houses will sell and
you have to be out 30-60 days. Have
you found out where you, furniture and
furnishings will be? One of the big issues
retirees looking to relocate or downsize in
a seller's market is that you pay up, even
if you're downsizing, wherever you move.
8 / Retire-VA.com / RETIRE-VA 2022

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Retire VA 21-22

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