tified or if you’ve had solid experi- ence selling homes and have a good feel for the process. Less traditional options for
Smart people
see the big picture. If you’re the type of person who plans ahead,
then now is an excellent time to save money and gain peace of mind when you move to Warwick Forest.
Warwick Forest is not only the Virginia Peninsula’s best value among active retirement communities; we’re also one of the fi nancially strongest through our Riverside backing.
Enjoy exceptional dining and amenities, a state-of-the-art aquatic & fi tness center and top-notch health care
on campus, if you ever need it. Make the smart move and call (757) 886-2200 today to hear more.
selling your home include a short sale, an auction, or leasing with an option to buy. These alternatives seemingly provide a motivated sell- er an expeditious way to rid them- selves of their home. A short sale means the seller is willing to accept less money than they owe on the home. This is often the last resort before a foreclosure. Although the process is similar to a regular home sale, it’s important to note not all lenders allow short sales, and there can be significant legal and tax im- plications, so be sure to get the ap- propriate professionals involved. Auctioning your home through an auction house has the advantages of a quick turnaround time, and you can set a minimum, or reserve, price. The auction house advertises your home for just a few weeks be- fore the auction date, and because all potential buyers must prove they have enough cash available to pur- chase a home before they start bid- ding, the sale is secure. If you need to vacate your home
Active Retirement Living by Riverside
1004 Old Denbigh Boulevard, Newport News (757) 886-2200
warwickforest.com 76 MILITARY OFFICER MARCH 2011
but don’t necessarily need the cash infusion from the sale, consider a lease with option to buy arrangement where a portion of the monthly rent goes toward the purchase and the buyer might pay money up-front. Giving the occupants a stake in the home also increases the chances they will take good care of your property. Whether you choose to enlist the help of a full-service agent or decide to go it alone, try to keep emotion out of the process, hire profession- als to help you along the way, and set realistic expectations.
MO
— Vera Wilson is a freelance writer based in North Carolina. Her last article for Military Officer was “Volunteer Force,” September 2010.
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