Sometimes selling everything and starting over sounds like a dream come true – but it’s not really possible.
Is it?
The truth is, it’s totally possible for many people to sell everything and get a fresh start. It’s just a matter of finding the right auction and estate services company to tackle all the logistics and creating a rock-solid plan that puts you exactly where you want to be.
Selling Everything and Starting Over
Whether you have a nomadic spirit or you’re just done with the daily grind, saying goodbye to your old life and starting fresh is an exciting journey – as long as you’re properly prepared. You can start gathering information and begin planning right now. It starts with:
- Taking inventory of what you have
- Creating a financial picture
- Figuring out how to take care of your debts
- Finding the right help
Taking Inventory of What You Have
Knowing what you have and what you still need to make selling everything and starting over a reality is actually half the battle. People who successfully start adventures like these – and you might be one of them – are realistic about what they have and how they can use their resources to get exactly what they want.
Creating a Financial Picture
If you’re like most people, you could use a budget anyway – but if you’re thinking about selling your earthly possessions to hit the road, a budget is incredibly important. Figure out how long the cash you have on-hand will last you if you were to live without any more income, and then figure out how much you’ll have with your minimum monthly income now (whether it’s from a retirement plan, Social Security or income you earn as a freelancer, artist or other mobile professional). Now you have a best-case and worst-case financial scenario for your big change.
Figuring Out How to Take Care of Your Debts
For some people, selling the house and everything in it instantly takes care of debt.
But that’s not the case for everyone.
List all your debts and rank them from smallest to largest. Can you pay them all off, and if you can, what’s the bottom line you need to hit to do so? If you can’t, is there a way you’ll be able to meet your obligations after you start fresh?
It may be a good idea to start minimizing your expenses right now and dedicating all your extra cash toward paying down your debt. The more you do now, the less you’ll have to worry about later.
Finding the Right Help
If things are looking pretty reasonable – if it looks like you could pull it off – it’s time to start looking for help. For most people, it makes sense to work with an auction and estate services company that tackles all the logistics for you so you’re free to make plans; ideally, you’ll be able to work with a firm that can sell your house and everything in it (and then some, if necessary) for you.
Are You Thinking About Selling Everything and Starting Over?
If moving on is definitely on your radar, it’s a good idea to run through these steps – you’ll be able to see whether it’s a solid plan that needs more attention or whether you can go all-in tomorrow.
We can help you get that fresh start, too. (We can even help you sell your vehicles. Check out our Seller FAQ for more information.)
If you have more questions, or if you’d like to learn about the process we’ve helped dozens of clients go through in the past, call us at 904-806-4274. We’ll be happy to help you live the life you want to live through auctions, estate sales and real estate sales.