
When your home is no longer suitable for your age
Twenty years ago, Elisabeth and Dieter L.'s children moved out. Their daughter Susanne began her studies in Würzburg and their son Thomas found a job in Frankfurt am Main. Today, both have their own families and their own homes. At the time, Elisabeth had many ideas about what she could do with the space she had gained. In the end, her husband took up his hobby of model railways in Thomas's room. Susanne's room remained a guest room, but was used less and less.
A few months ago, she hurt herself while weeding in the garden. Dieter also found mowing the lawn increasingly difficult. Both wondered how much longer they would be able to keep up the housework. In the end, they came to the conclusion that the house was no longer suitable for their stage of life. But what should they do next? They wanted to continue living in their own home, but it had to meet a few conditions appropriate to their age: it had to require little work, be age-appropriate, and, ideally, be barrier-free. In addition, shopping and doctors had to be within easy reach. Elisabeth and Dieter therefore decided to sell their house and move into a condominium near their son Thomas.
But when it came to selling their house, the question arose: How much is it actually worth? Susanne recommended that they have the value professionally assessed in order to get the most out of the sale. She searched the internet for a reputable real estate agent in the area. After the valuation, Elisabeth and Dieter were impressed by the agent's expertise and commissioned him to sell the property. He was able to explain clearly and transparently how he had determined the value of the property. He also took care of obtaining the documents relevant to the sale and managed the prospective buyers and viewings. As he was also able to offer virtual viewings of the property, Elisabeth and Dieter had fewer viewing appointments in their home while they were still living there. For them, the sale of the property went smoothly and without any worries. The real estate agent even found them a new apartment that suited them. He agreed with the buyers of their house that they could not move in for two months, until Elisabeth and Dieter had moved out.
Even though Elisabeth and Dieter didn't have much work to do with the house sale, they still realized how time-consuming and labor-intensive it is. In the end, they were glad that someone had taken this work off their hands. Dieter is convinced that they would not have been able to do it themselves in such a short time and that the buyer might have tried to push down the price. With what was left over from the sale and purchase of the condominium, they were even able to fulfill a few long-held wishes for themselves and their grandchildren. Elisabeth's conclusion: "If you're selling a house, only do it with a real estate agent."
Are you wondering whether your property is still suitable for your age and what options you have if it isn't? Contact us! We will be happy to advise you.
Further information can be found here:
- statista.com: Percentage of seniors in the population
- Wikipedia: Senior citizen housing
- Wikipedia: Assisted living
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.
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