The COVID-19 crisis isn’t making it any easier to downsize this summer, but the market for mid-priced suburban homes is so hot right now that it could be worth it anyway, say agents at The Steller Group, experts in senior downsize moves.
Don and Treva Finks of The Knolls in Centennial are making that move, two years after they first attended one of Steller’s downsizing seminars. You can view a webinar on downsizing; register for free at DenverSeniorSeminars.com.
At the seminar, Steller agent Blair Bryant met the couple; but Don Fink said they weren’t ready to pull the trigger yet. “But it started the process for us,” Fink recalls. With Steller’s guidance, the couple toured some age-appropriate communities nearby; and put in a waiting list deposit for a unit in Holly Creek, close to their house.
Meanwhile, says Fink, both Treva’s kids and his own kids were lobbying the couple to make that move sooner rather than later. “You guys are one step away from having something happen,” Treva recalls a daughter-in-law saying. “You’ll get a place, but it won’t be where you want to go.”
Two months into the COVID-19 crisis, Holly Creek called to tell the couple that a perfect 2-bedroom unit had opened.
“I called Blair and told him we needed to have him sell the house yesterday,” Don Fink quipped.
Bryant told them that a downsize sale right now is a good-news bad-news story: The bad news is that the virus has virtually closed down most of the estate sale companies that were helping sellers get rid of all the stuff accumulated over decades.
The good news about selling now is that the market in suburban areas south of Denver is surprisingly hot. “It’s so ripe that delaying isn’t a good idea; inventory is very low,” says Bryant.
The couple’s 4-bedroom ranch in The Knolls was one of a small number of ranch plans offered by Writer Corp. when these areas were built. Now, these neighborhoods are popular for trails and Littleton schools; and buyers coming in like this model because it’s easier to open up into the wide-open living area that families prefer now.
The home, 3662 E. Geddes Place in Centennial, goes on the market next weekend at $560,000.
Don, who had a south Denver dental practice, and Treva, who operated Treva’s—a custom-sized bra store in Villa Italia and Aurora Mall—have been married since 1992. They’ll move in August.
You can explore how The Steller Group can do your own potential sale by browsing their free online video series.
Steller is also hosting a live webinar this summer: “Blueprint for Success: Downsizing During Turbulent Times.” It works whether you’re ready to move now, or are one to two years away from selling. To view the schedule and register for free, visit DenverSeniorSeminars.com.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.