- AARP - http://blog.aarp.org -
Tips for Empty Nesters on Selling the Family Home
Posted By Mary W. Quigley On August 19, 2014 @ 3:54 pm In Parenting Part 2 | No Comments
Last spring Cathy and Gary Chester put their ranch home in Morris County, N.J., on the market. Come August, the house is unsold and Cathy admits that she’s enjoying another summer in the home that the couple built 21 years ago.
What saddens her is the prospect of closing a chapter in her life. “This is where – young, married, pregnant with my son – I started a new part of my life that ends when I sell the house,” says Chester, a blogger .
Her emotional ties  are shared by many homeowners facing the daunting question  of stay or sell. A Fannie Mae report  found that even as boomers become empty nesters, there’s no mass movement out of their homes.
Still, plenty are ready to move on , although the process can be long, taking up to a year or more, says Silvia Rowney, a broker with Coach Realtors on Long Island.
What prompts her empty nest boomer clients to consider selling? Adult children have moved, sometimes to other parts of the country; taxes and maintenance costs have risen sharply. Enough with mowing grass, shoveling snow and fixing leaky gutters.
Yet the decision does not come easily.
“It’s a complicated tapestry of emotions,” Rowney says. “There are lots of memories and attachment involved. But people want to be near their children and grandchildren who have moved away. Of course, there are many financial considerations too.”
During the last 20 years on the “roller coaster ride” of selling homes, she’s pinpointed three common emotional curves for sellers.
That lifestyle change can take many forms – a sunny state or an urban spot. After talking to friends who have navigated that transition, Chester is cautious but optimistic: “A lot of my friends tell me that they are now enjoying the best time of their lives.”
Photo: Courtesy of Cathy Chester
Also of Interest
See the AARP home page  for deals, savings tips, trivia and more
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2014/08/19/tips-for-empty-nesters-on-selling-the-family-home/
URLs in this post:
 Image: http://blog.aarp.org/wp-content/uploads/2014/08/IMG_3528.jpg
 Chester, a blogger: http://www.anempoweredspirit.com/
 emotional ties: http://www.aarp.org/relationships/parenting/info-09-2010/empty_nest.html?intcmp=AE-BLIL-DOTORG
 the daunting question: http://blog.aarp.org/2014/04/09/72304-great-places-blog-should-you-stay-or-go/?intcmp=AE-BLIL-BL
 Fannie Mae report: http://www.fanniemae.com/portal/about-us/media/commentary/061214-simmons.html
 >> 10 Easy Do-It-Yourself Home Improvement Fixes: http://www.aarp.org/money/budgeting-saving/info-09-2013/diy-home-improvement-fixes-photo.html#slide1?intcmp=AE-BLIL-DOTORG
 move on: http://mothering21.com/2009/09/23/selling-the-family-home/
 >> Get travel discounts with your AARP Member Advantages.: http://discounts.aarp.org/travel/index/uSource/HCTN?intcmp=AE-BL-TRV-DISC
 >> Next: Downsizing Your Empty Nest: http://www.aarp.org/home-garden/housing/info-03-2011/retirement-homes.html?intcmp=AE-BL-LEADIN
 A Millennial’s Hard Look at Grandparents’ Generation: http://blog.aarp.org/2014/08/12/a-millennials-hard-look-at-grandparents-generation/?intcmp=AE-ENDART1-BL-REL
 Your New Retirement Number: $58,000: http://blog.aarp.org/2014/08/06/your-new-retirement-number-58000/?intcmp=AE-ENDART2-BL-BOS
 Fight fraud and ID theft with the AARP Fraud Watch Network.: http://www.aarp.org/money/scams-fraud/fraud-watch-network/?intcmp=AE-BL-ENDART-ADV-FWN
 Join AARP: https://appsec.aarp.org/MSS/join/application?keycode=U9ZTPH9&intcmp=AE-ENDART3-BL-MEM
 AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP
Copyright © 2013 AARP. All rights reserved.