Where I live and list, market, sell (repeat) the real estate property listings are so under valued.
Solid deals in the what's for sale happen around the clock. Are no fluke or blue light special. So when the time in a person's life calls for changing the real estate gears, it is often way way cheaper to replace the sticks and bricks.
Especially when the house is just too big and rambling now that the family is gone.
Instead of overhauling and modifying the home in Maine.
To make it fit the loss of mobility or bump it up to five star handicap friendly. If the property has been let go too far. So the cost to fix is beyond the end result value, it is like the old car with just too many miles reading on the dashboard.
Yes, it pains you to make the decision. You are attached to what's riding or sagging, listing sideways on the four tires.
Sitting and waiting out in the driveway or parked in the cold dark garage. Because the old girl has been through thick and thin with you. You feel an obligation to keep her alive and in service.
But back to the low low priced homes in Maine.
Cheaper to switch it up. Not because we are in a throw away society. Because Mainers are extremely skilled at being thrifty, frugal.
But the fact remains lots of other housing stock for little money is out there to change it up. Try something new and an entirely different experience. For what you put on, slide into for real estate property to call your new home base.