Downsizing can be stressful! Should You Live in Your Home While Selling or Move Out? Pros and Cons
by Tracey Barrett and Ingrid Barrett
Downsizing is a significant endeavor, and one of the first decisions you’ll face is whether to stay in the house during the selling process or move out. Both options have advantages and disadvantages that depend on your circumstances, lifestyle, and goals. Here’s a breakdown of the pros and cons for each scenario to help you make the best choice.
Living in Your Home While Selling
Pros:
- Cost Savings: By staying in your home, you avoid additional expenses like renting another property or storage space.
- Staging Flexibility: You can use your existing furniture and decor to stage the house.
- Home Monitoring: You’re on-site to address maintenance issues quickly and ensure the property is secure.
Cons:
- Inconvenience: Regular showings can disrupt your daily life, and keeping the home in “show-ready” condition can be stressful.
- Personalization Challenges: Buyers may find it harder to imagine themselves in the space if your personal items are present.
- Limited Availability for Showings: Coordinating showings around your schedule may reduce buyer access.
Moving Out While Selling
Pros:
- Easier Showings: A vacant home is more accessible for showings, allowing for greater flexibility.
- Enhanced Staging: Professional staging can create a clean, neutral space that appeals to buyers.
- Stress-Free Presentation: Without the need to maintain daily cleanliness, the home can stay in pristine condition.
Cons:
- Additional Costs: You may incur expenses for temporary housing, storage, and utility bills for the vacant property.
- Lack of Monitoring: An empty house may be vulnerable to maintenance issues or security risks.
- Impersonal Atmosphere: Some buyers may find vacant homes less inviting or struggle to visualize the potential of the space.
Key Considerations
- Market Conditions: In a hot market, moving out may be worth the investment to expedite the sale. In a slower market, staying in the home might help minimize costs.
- Lifestyle Needs: Families with children or pets may find the disruption of living in a staged home too challenging, making moving out a better choice.
- Budget: Assess whether you can comfortably cover the costs associated with moving out while selling.
Final Thoughts
Whether you choose to stay or move out while selling, the decision ultimately depends on your priorities and resources. Consult with a real estate professional to understand how each option aligns with your market and goals. A strategic approach can help you sell your home faster and with less stress.
