LISTING YOUR HOME BECAUSE OF

Marriage

Selling both homes is often the best option when merging families that include children; it prevents one set of kids from feeling like their space has been invaded by another group of kids who feel like the invaders.

Married with Houses

Married with Houses

As more career-minded adults find love later in life, it isn’t uncommon for these two merging lives to have to figure out what to do with the homes their bringing into the marriage.  The most common solution is to sell one (or both) and find their perfect together home.  When thinking of this situation, you have several options to explore and we’ll explore a few of those options in this article.

  • Sell one home, live in the other home.
  • Sell both homes, buy a new house together.
  • Rent out one of the homes, live in the other.
  • Rent out both homes, buy a new house together.

Sell one home, live in the other home

Selling one home and living in the other often sounds the most reasonable – and often it is.  Especially, if one of the homes meets all the requirements of the newlywed couple.

We’re not going to spend any time reinforcing the reasons to stay in a home as often the reasons for doing so do not require a list of reasons to do so.  Selling a home, now that often requires some discussion.

First, you ought to recognize that regardless if you keep one home and sell the other, both people will need to do some major decluttering – two fully furnished, fully decorated, fully lived-in homes simply do not merge together within one of the preexisting living spaces.  In fact, we’re not even talking about one person declutter by half and the other matching, we’re suggesting each person declutter by over 50%.  Of course, this isn’t a hard fast rule, but generally speaking, people have a lot more stuff then they really recognize.

Sell both homes, buy a new house together

Selling both homes is often is the best option when neither home truly matches the needs and/or wants of the couple.  When you think about it both homes often represent a time of different priorities, purchased around a different stage in life, and with entirely different needs in mind.  Merging a household often requires a new understanding of future priorities, interests, and needs; hence the need for a new bigger or smaller home.

Selling both homes is often the best option when merging families that include children; it prevents one set of kids from feeling like their space has been invaded by another group of kids who feel like the invaders.  Homes often come with a years of good (and bad) memories – moving on (literally) is way to build new memories with your spouse.

When selling both homes comes into view, establishing a comprehensive plan becomes necessary to simplify the process – talk with a REALTOR® to establish a game plan.

Rent out one (or both homes)

There are a lot of reasons why you may want to rent out one or both homes – real estate is often a sound investment, and like any investment be sure to weigh the benefits against the risks.  Since you already recognize the tremendous benefits of real estate investment let’s cover some of the most common risks that may not be at the top of your mind.

  • If your home(s) still have a mortgage payment it often doesn’t take much of a hiccup to add financial strain. Be sure you can comfortably afford periods of rental vacancy.
  • Unlike most stocks, selling a home isn’t instantaneous; and to prevent emotional decisions regarding your new real estate holdings you ought to have a written understanding of your financial goals related to the properties AND a firm understanding of the conditions in which you will sell.
  • Becoming market unaware. When you’re living in the neighborhood it’s easy to see what’s going on, who’s selling, who’s moving in, and what new developments are going on around you.  These small changes over time influence your local market – and as such, you’re in a better position to understand when you might want to sell or even improve your property.  When you’re not around, these things could land up being a bad surprise that diminishes property value hurting your ability to maximize your investment potential.

 

As more career-minded adults find love later in life, it isn’t uncommon for these two merging lives to have to figure out what to do with the homes their bringing into the marriage.  The most common solution is to sell one (or both) and find their perfect together home.  When thinking of this situation, you have several options to explore and we’ll explore a few of those options in this article.

  • Sell one home, live in the other home.
  • Sell both homes, buy a new house together.
  • Rent out one of the homes, live in the other.
  • Rent out both homes, buy a new house together.

Sell one home, live in the other home

Selling one home and living in the other often sounds the most reasonable – and often it is.  Especially, if one of the homes meets all the requirements of the newlywed couple.

We’re not going to spend any time reinforcing the reasons to stay in a home as often the reasons for doing so do not require a list of reasons to do so.  Selling a home, now that often requires some discussion.

First, you ought to recognize that regardless if you keep one home and sell the other, both people will need to do some major decluttering – two fully furnished, fully decorated, fully lived-in homes simply do not merge together within one of the preexisting living spaces.  In fact, we’re not even talking about one person declutter by half and the other matching, we’re suggesting each person declutter by over 50%.  Of course, this isn’t a hard fast rule, but generally speaking, people have a lot more stuff then they really recognize.

Sell both homes, buy a new house together

Selling both homes is often is the best option when neither home truly matches the needs and/or wants of the couple.  When you think about it both homes often represent a time of different priorities, purchased around a different stage in life, and with entirely different needs in mind.  Merging a household often requires a new understanding of future priorities, interests, and needs; hence the need for a new bigger or smaller home.

Selling both homes is often the best option when merging families that include children; it prevents one set of kids from feeling like their space has been invaded by another group of kids who feel like the invaders.  Homes often come with a years of good (and bad) memories – moving on (literally) is way to build new memories with your spouse.

When selling both homes comes into view, establishing a comprehensive plan becomes necessary to simplify the process – talk with a REALTOR® to establish a game plan.

Rent out one (or both homes)

There are a lot of reasons why you may want to rent out one or both homes – real estate is often a sound investment, and like any investment be sure to weigh the benefits against the risks.  Since you already recognize the tremendous benefits of real estate investment let’s cover some of the most common risks that may not be at the top of your mind.

  • If your home(s) still have a mortgage payment it often doesn’t take much of a hiccup to add financial strain. Be sure you can comfortably afford periods of rental vacancy.
  • Unlike most stocks, selling a home isn’t instantaneous; and to prevent emotional decisions regarding your new real estate holdings you ought to have a written understanding of your financial goals related to the properties AND a firm understanding of the conditions in which you will sell.
  • Becoming market unaware. When you’re living in the neighborhood it’s easy to see what’s going on, who’s selling, who’s moving in, and what new developments are going on around you.  These small changes over time influence your local market – and as such, you’re in a better position to understand when you might want to sell or even improve your property.  When you’re not around, these things could land up being a bad surprise that diminishes property value hurting your ability to maximize your investment potential.

 

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Greg Davis

Greg Davis

Designated Broker/Owner, CRS, GRI, 5 Star REO Certified, RES.NET Certified, Equator Platinum REO Certified

(208) 250-0132

todaysbroker@gmail.com

With over 18 years of experience, Greg Davis is the Treasure Valley’s “Go to” agent and a consistent leader with a reputation for tenaciously protecting his clients’ interest.  Savvy negotiations and cutting-edge marketing strategies join uncompromising integrity as the hallmarks of Greg’s service.   Greg is exceptionally well-respected in Boise, not only for his unparalleled professional track record and being an honest, hard-working family man who does absolutely everything in his power to ensure his client’s success.

In addition to real estate, Greg loves people!  His passion for building relationships and delivering stellar service to his clients are his top two priorities.  His motto, “Honesty Before Advantage” makes every transaction a “Win Win” for all parties involved.

Beyond his love for real estate, Greg is also a dedicated family man.  He loves to travel with his family and has been to Disney World more times than a grown man should be willing to admit.  Greg has also served on short-term mission trips to Indonesia, Haiti and Ecuador with Mission Aviation Fellowship.

Thanks to his exceptionally loyal clientele, personal referrals and repeat business are the foundation of Greg’s career.  To ensure efficient, complete service for you, Greg’s associates have been carefully selected from the very finest contractors in the business to form a close-knit “family” offering seamless assistance for every aspect of your home purchase or sale.

Please call Greg anytime without obligation.  He is ready to work for you today!

Experience

  • 1994 -2000 worked in sales at a startup software company. In 2000, the company sold for millions of dollars.
  • 2001 became an Idaho Realtor while waiting out a 2 year non-compete clause in the Microsoft Arena.
  • 2003 became an Idaho licensed real estate broker
  • 2004 created two real estate companies
  • 2006 Sold one real estate company for high returns (Payette Mountains Realty)
  • 2008-2013 IMLS (Intermountain Multiple Listing Service) Board of Directors
  • 2011-2012 IMLS President of Board of Directors
  • 2015 – Sold other real estate company (Genesis Real Estate Group, LLC)
  • Present – Designated Broker / Owner of Rise Realty, LLC.

Expertise

  • Residential property sales including fine homes, condominiums, income properties and custom homes
  • Exceptional attention to skilled negotiations, knowledgeable analysis of property values and market trends
  • Expertise and renowned credibility in resolving difficult transactions

Designations

  • Licensed Real Estate Broker, State of Idaho
  • CRS – Council of Residential Specialist
  • GRI – Graduate, Realtor Institute
  • 5 Star REO Certificated
  • NET Certified
  • Equator Platinum REO Certified
Rise Realty, LLC