Zack childress, a real estate mentor and author, gives more tips on downsizing a home. people must read part 1 before they read this.
Before the seller sells his home, he must analyze the market and understand what he can make out of the sale. He must hire a seasoned real estate agent and also discuss with family and friends who have similar experiences. Reviewing market trends are important. This way he can plan the budget for his new home. He can analyze whether moving out is beneficial to him.
Downsizing a home-Yearly taxes and insurance:
A person must keep room for yearly taxes and property insurance payments while he plans the budget for his new home.These can form a big lump of his modest financial estimate. Can he cut down on those expenses in case he choose a different neighborhood, a smaller home or a smaller plot?
Before moving out, a person must assess the storage space in his new home. These are some of the things to be budget.
By assessing this, he can prioritize the things that he wants to take with him.
It’s not possible to take everything when a person moves out. So to feel less emotionally upset about the things that he is leaving, he should make a list of the most loved things.
A seller must do this fast. So here are some of the ways in which it can be done
packing must be well planned. A seller must pack in such a way as to make sure that the things belonging to one room are seen conspicuously. For example if he writes K over a box, then the things in that box must belong to the kitchen. Similarly numerical and color codes can also be used for efficient movement into a new home.
These are some of the tips given by Zack Childress to downsizing a home. Prospective downsizers should read this and they will surely benefit.
Zack Childress is a 10 year real estate investing veteran. He invests in 7 different markets simultaneously and doesn’t need to travel all the time to these 7 markets because he invests virtually. He’s coined a system where he doesn’t put any cash or credit down for his deals and he can buy and sell the property in just 7 days. You can get more details about this no money down strategy here. http://www.co-wholesaling.com