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Brett Schlieker Realty with Homes of Idaho

Two lives coming together in

Marriage

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Real Estate & Marriage

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.

Getting Married & Real EstateSell 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.

Getting Married & Real EstateRent 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.
Brett Schlieker

Brett Schlieker

Associate Broker & GRI

208.250.8807

brett@schliekerrealty.com

www.SchliekerRealty.com

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Service Area

Boise, Idaho – As the fastest growing metropolitan area in the country, the Treasure Valley is simply exploding in growth – a fact you probably face with every morning and afternoon commute. While much of this growth has primarily affected Boise, Meridian, and Nampa, the growth finds itself even spilling into communities such as Middleton, Kuna, and Caldwell.

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Your Local Real Estate Expert

Brett Schlieker

Brett Schlieker

Brett Schlieker

Associate Broker & GRI

208.250.8807

brett@schliekerrealty.com

www.SchliekerRealty.com

I have lived in the Treasure Valley for 20+ years and I believe it to be the best part of the country. I know what it’s like to relocate to a different town, county, state and most of all a new home. Originally from Colorado I have been in your shoes. The stress, anxiety and the fear of the unknown is a lot to take on. Life changing decisions have to be made in a swift and timely manner. I will assist you thru relocation with stress free personal service. I have always been known for going the extra mile! Let me earn your trust, your business and most importantly your friendship.

As a Homes of Idaho agent who’s an expert in this local area, I pride myself on offering superior personal service before, during and after your transaction. Knowledge, commitment, honesty, expertise and professionalism are the cornerstone of my business. It’s not the same everywhere, so you need someone you can trust for up-to-date information. At Homes of Idaho we believe in providing First-Class Service through our technologically advanced office and systems. Our licensed and trained agents have decades of accumulated service. Our Broker is a very customer centric person, so the customer always comes first!

When Looking For Your Next Home:
You need someone who knows the area inside and out! I work with you to find the right home at the right price for you, including all the neighborhood amenities that matter – not to mention the essential criteria you have for your ideal home. I bring a wealth of knowledge and expertise about buying and selling Real Estate here in the Treasure Valley. I look forward to making your property dreams come true!