Returning to Korea from the U.S.: Preparing to Sell Your Last Home

Lately, more and more Korean-Americans are preparing to return to Korea after years of living in the U.S., especially after retirement. According to the Overseas Koreans Foundation, the number of consultations from Korean seniors aged 60 and up about moving back to Korea increased by 18% in 2022. Many are drawn by the promise of financial stability, reuniting with family, easier access to healthcare and social services, and simply the comfort of being back in a familiar culture.

One of the biggest and most delicate parts of this journey? Selling that last home in the U.S.

My Experience Selling a Single-Story Home in Suwanee, Georgia

I recently helped a client sell a single-story home in Suwanee, a popular area among Asian communities in Georgia. The house was well cared for and attracted a lot of interest, but there were a few things buyers found challenging:

• Driveway Location: It sits lower than the street, which raised concerns about drainage and ease of access—especially for senior buyers.
  
• Backyard Shape: The yard was spacious but uneven and sloped, which could be hard to maintain.
  
• Lack of Updates: The home hadn’t been remodeled recently, so it wasn’t exactly move-in ready for today’s buyers.
  

What’s Happening in the Housing Market Right Now?

With mortgage rates sitting around 6.5 to 7% in 2024, buyers have gotten more cautious. That means homes that are renovated and ready to move into are in higher demand, while those needing work tend to take longer to sell.

That said, single-story homes in Korean-heavy areas like Suwanee and Duluth continue to be popular.

Tips for Those Preparing to Sell Before Moving Back to Korea

• Set a Realistic Price: Look carefully at similar homes nearby and factor in your home’s condition when deciding on a listing price.
  
• Small Fixes Help: Simple updates like fresh paint or new light fixtures can speed up your sale.
  
• Get Expert Advice on Taxes and Money Transfers: Selling a home and moving money internationally has its complexities—get help early on.
  
• Plan for Dual Living Situations: If you already have a home in Korea, think about how you’ll manage moving between the two countries smoothly.
  

Saying Goodbye: The Emotional Side of Selling Your Last Home

Selling your final home isn’t just about the sale price—it’s about closing a meaningful chapter. Many clients feel a wave of emotions when parting with a place full of memories. One of my clients shared, “I’m so thankful to have sold my home under good conditions and with good people.”

It’s important to honor those feelings and give yourself space to process.

Preparing for Your New Life in Korea

Once you’re back, it helps to get familiar with managing your Korean home, healthcare options, and local community connections. These steps can make your transition smoother and your new start more comfortable.

Closing Thoughts

Your last home in the U.S. is more than just a property—it’s part of your life story. With thoughtful preparation, you can close this chapter with peace and look forward to the next one with excitement.

If you’re thinking about making this move or have questions, please feel free to share your thoughts or experiences in the comments. Your story might just help someone else going through the same journey.

References

• Overseas Koreans Foundation 2022 Return Migration Report
• National Association of Realtors® 2024 Buyer and Seller Profile
• Atlanta Korean American Association 2023 Return Migration Resources
• Refinitiv 2024 Mortgage Market Data