Again the “empty nest” discussion has resurfaced. Probably fueled to some extent by recent graduations/ impending graduations or just the fact that so many of our N/S homeowners are Baby Boomers.
The program I developed is tailored to address the exercise (and yes, it is an exercise that warrants much thought and careful planning). Simply put, it is the process of taking existing Real Estate and converting it into the desired next home (sometimes, retirement dwelling) and ideally, maximizing proceeds and minimizing outlay. Regular readers of this column will recognize this topic, but I make no apology – I truly enjoy the cut and thrust of sales and purchases but love the role of “Renesting” Advisor! We hear the term “timing is everything” and I’m sure we believe it, but, alas, oft times we fail to make the effort to ensure that we take advantage of that “timing”. In our busy, personal lives too, we often allow action-time to arrive, making these decisions in what is likely a less that optimal manner and moment. Think about the tax and estate planning we know we should be doing! This “shelter” part of the equation isn’t rocket science and can actually be most enjoyable. Truth is, that with our “busyness” we often just don’t really know where to start. To help in creating a “road map” I have developed a series of checklists designed to simplify the process and act as an aide memoir. I’ve been told by some that it is helpful in getting ducks, kids, parents, pets, jobs etc in a row. The first part of the exercise is “The When & Where Check List”. This is really a memory jogger which highlights the many necessary considerations – our present family position, financial situation, employment and so on, and enables a considered creation of the action plan (or plans) necessary. E-mail me at
This email address is being protected from spam bots, you need Javascript enabled to view it
and I’ll be only too happy to forward a copy to you (I have done this in “word™” format for ease of customizing and printing). I will also attach the “New Home Checklist”.
While many favour a “do it yourself” approach, I enjoy popping around to discuss the process with folks over a cup of coffee [glass of wine ;)]. Some parts of the process are pretty standard but what I have learned is that, with our different situations, some “customization” is invariably necessary. Just call and set up a time.
| 
