I … Have a power source nearby so you can plug in electronics to show that they work and swing by a dollar store for some cheap batteries beforehand to make sure everything is ready to go. We’ll purchase your home for cash, as-is — and the transaction can happen much faster than the traditional process of listing your home, finding a buyer and closing. We eliminate the stress while maximizing your return. A s home cleanout and content liquidation specialists, we are contacted multiple times each day from people who are either moving, downsizing, settling an estate or handling the affairs of an elderly loved and want to clean out their house and sell their home contents in 2021. Downsizing from a 1,000 sq ft apartment into a 200 sq ft camper gave Ryan and I a unique opportunity to take a good hard look at our stuff and how we felt about it.We took a survey of our stuff, figured out what we did and didn’t use, determined what was beautiful, what was useful, and what just wasn’t valued or necessary. : To simplify the process, you can sell your home first, move into temporary housing and then start your home search. Please seek the services of a legal, accounting or real estate professional prior to any real estate transaction. Essential Tips for Downsizing and Decluttering. Just be careful not to get too sales happy too quickly and end up regretting something you sold. Sure, downsizing should save you money.Whatever may have spurred the urge to purge—whether it’s kids flying from the coop, a desire for a smaller place … You probably don’t need your ski gear. We want you to enjoy your new found lifestyle without worrying about dragging a lifetime of belongings that may hinder it into the new home. You may want to rely on a realtor to set the asking price, advertise, communicate with buyers, post photos, stage the house, and review the offers. But look at it this way: downsizing … And if your grown kids are sad about you selling the family home, delivering the news can be a bit easier if you tell them you’re moving to be closer to them! It’s also called “making a contingent offer.” This works best in a less competitive market. : This is when you make an offer on a new house, but with the caveat that you have to sell your old home before you can close on the new home. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Don’t keep things “just in case.”. Get a cash offer from Zillow. Here are a few indicators it might be the right time. If something can’t serve me in more than 1 way, I try to donate it, or simply just don’t purchase new items that don’t have a dual purpose. But if you’ve lived in your home for many years, and/or if you live in an expensive real estate market and expect to make more than that, you’ll want to factor in the taxes you’ll have to pay. Downsizing refers to moving from a larger home into something more manageable. But, even just making a plan in your head can work… if you’re that type of person. Nothing in life works out well if you don’t have a plan. We will be posting items here so keep checking back! If you’re concerned about mobility in future years, it may make sense to move from a large two-story home to a smaller ranch-style home without stairs. Week 1 of Downsizing Checklist: Sort All of Your Things! Unlike traditional estate sale companies who offer limited services, we provide: Free In-Home Consultations. https://www.zillow.com/sellers-guide/how-to-downsize-your-home Planning a yard sale is like planning a wedding . Downsizing into a smaller home can be stressful, our team of professionals, can make your transition efficient and quick. Measure for furniture. Selling items is one of the top downsizing tips, as it can encourage you to keep moving forward. There you have it, ladies and gentlemen. More time: Fewer rooms and smaller spaces cut down on the time expended to clean and maintain. These tips will help you downsize and declutter like a pro. Moving to Florida? Estate sales work well for people looking to downsize because they provide an efficient … If your place is off the beaten path, consider asking to use a friend or family member’s house that’s in a better, more high-traffic location. Ideally, the location would make it easy for passersby to drop by on a whim (think lots of street parking). ... Before you can begin downsizing, you will have to define what downsizing means to you. : Let Zillow buy your home instead. The content on this site is not intended to provide legal, financial or real estate advice. Whether you’re moving in soon or still considering your options, we have compiled some tips that will help you prepare for the future. Here are a few tips for getting started. For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Move your furniture into your new home first. It’s hard to part with possessions if you don’t have a plan. What does downsizing mean in real estate? If you no longer need extra bedrooms, a large yard for pets or a big home office, why waste more time in a space that doesn’t suit the way you live? At our new house, we did hold an estate type sale to get rid of items we had moved, thinking we would have room for them or need them. If you're downsizing or decluttering, you likely have items in your home you’d like to move along. Have questions about buying, selling or renting during COVID-19? Your first task is to take all of your stuff out and sort it. Price everything and keep it below retail. Make a Plan. A “cleanout” refers to the downsizing process where arrangements are made for moving out all of the furniture after the sale has happened. Knowing what the best answer is for you to liquidate your unwanted or no longer needed items depends on your understanding the difference between an estate sale and garage (yard) sale. Yard sales bring people together and get your stuff in the hands of people who’ll make the most of it. From indulgent adventures during your move to investing in making your new place even better than the last, you won’t regret having that yard sale when you’re figuring out how to spend that cash. If you have kids or grandkids that live far away, relocating while downsizing can cut down on the travel time required to visit the people you care about. Keep capital gains taxes in mind. With, Zillow Group Consumer Housing Trends Report 2018, selling the old home and buying a new home, The Home-Selling Process for an All-Cash Deal, What Makes a Good Real Estate Agent for Home Sellers, How to Sell a House As-Is When It Needs Repairs, Real Estate Photography Tips for Home Sellers, Tips for Negotiating With Real Estate Agents, Types of Listing Agreements: Understanding Real Estate Agent Contracts With Sellers. With downsizing, there are two major things that have helped me in my minimalism journey. Estate Sale Services for Downsizing. You’re now armed with all the information you need to have a successful yard sale that will be a fun way to get rid of the stuff that can’t move with you. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. When you’re about to downsize your living space, avoid the temptation to buy anything that isn’t completely necessary – even if you really, really want it. With no need for big yards, multiple bedrooms and proximity to schools, these homeowners often transition to a home that better reflects what they want out of the next phase of life. Downsizing is most common in the demographic known as empty nesters — people who are still living in the home where they raised their kids, but whose kids are grown. In the month leading up to your move, it’s too late to do a proper job of decluttering and removing everything not coming with you. Here are some ideas for new ways to get rid of your unused items. : If you’re making a significant lifestyle shift, there’s likely lots of stuff you no longer need. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. The first is to keep and pursue belongings that are dual purpose. All content © 2021 Move.org. Move when you're ready. While you don’t want to give your items away, pricing them well will help your items move faster. Bonus: donating guarantees that nothing you wanted to sell ends up back in your house as clutter. When you’re downsizing, you’ll likely find you have several categories of items: Those you want to take with you to your new home; ... You’ll likely want to hire professionals to assist if you opt for this type of sale. : Have you used it in the last year? : Talk to your bank about financial solutions that would allow you to access the equity in your home before the sale closes. Downsizing tends to be more successful when the downsizers are making a conscious decision about how they want to live their lives. A Tobacco Road Downsizing sale means that those people have made the wise choice to have our team come in to help them sell their personal property. You now have an opportunity for an epic yard sale on your hands. Back Whether it’s old school style or simply an app on your phone, you’ll definitely want to have a calculator available to quickly calculate change and tally up totals. Looking around, wondering how to downsize a house full of stuff so it will fit into your new home can send you right into anxiety overload. Start three months in advance, and aim to finish before the last month in your old home. Over the course of your lifetime, the amount of square footage you need can change, your budget can increase or decrease, and your preferred location might change. 1. I get nothing, and I mean nothing, accomplished if I don’t have it written down somewhere. Focus on pricing to sell. If you don’t have room for it, get rid of it to minimize clutter and maximize space. The first $250,000 (if you’re a single filer) or $500,000 (married filing jointly) of profit you make on your house is exempt from capital gains taxes. 37 talking about this. Say goodbye to your lawnmower. A list of our real estate licenses is available here.TREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444. Things You Should Know About Moving Containers, How Moving Containers Can Save You Money and Stress, Best Car Shipping Companies for Your Military Move, Best Climate-Controlled Self-Storage Companies, How to Estimate the Storage Unit Size You Need, Things You Should Know Before You Rent a Self-Storage Unit, What Can (And Can't) I Store in a Storage Unit?. The following questions should help. : Convert all photos, CDs and DVDs into digital formats and save them on the cloud for easy access. What do you do if you’ve found the perfect new home, but you need the equity from your current home to purchase? The best way to downsize is to go room by room, making the big decisions first and then the small ones. Having a yard sale Saturday can be a fun family event and an opportunity to teach your kids about money, savings, and all those good skills they’ll thank you for one day. ezDownsizing.com is your one-stop solution whether you are liquidating an entire estate, downsizing for retirement or simply looking to sell individual pieces or collections. Focus on keeping what’s necessary and purging what you won’t need in your new home. ), Post your yard sale info to online places. How to Downsize with a Yard Sale: Simple Tricks For Success Have a backup plan if you can, like garage access for rain or selling water or lemonade if the day turns out to be a scorcher. One thing you’ll probably realize when you move is how much stuff you actually have, most of which won’t be able to make the cut for the moving truck—which is great! Begin by selling items that you have duplicates of, items that don’t hold any sentimental value, and items that can be easily replaced. Learn more. Post your yard sale info to online places like craigslist and local and community Facebook groups. : You might find floor plans online, or you can have your agent request access to measure the home you’re buying (or the buyer’s agent may do it for you). If your monthly mortgage payment feels too expensive based on your current income, it’s better to downsize sooner rather than later. If one of your goals is to get organized, cut the clutter and do some serious downsizing, you might want to consider having a yard sale. Used under license. Moving into a condo? Top Six Tips for a Successful Downsizing Sale Downsizing Tip #1: De-clutter, do it once and save money De-cluttering to make the house look best for showing is advice often given by real estate agents, but it may lead to a lot of extra work, complication and expense that can be avoided. Even if you don't make money from selling your stuff, nearly everyone could benefit from tax deductions available for donating. Advertise with traditional and online ads. 8. Despite all the benefits, the actual process of downsizing is stressful, both in terms of the actual to-do list and the emotional impact. Discuss the answers with your partner (if applicable) and think carefully about larger or more complicated items before you decide what stays and what goes to your new home. For example, you might move to a golf-course community or closer to the ocean if you love spending time at the beach. And remember, many senior living communities can also offer professional assistance to help you sell your house and make the move. : Always check with your financial adviser before exploring this option, as there can be taxes and penalties. : Downsizing either because you’re planning on retiring soon or because you have already retired is common. Seniors have the opportunity to make some serious money back from this new endeavor. An important note: Keep capital gains taxes in mind. 1. You’ve got to get your signs where people will see ‘em—think about branching out to high-traffic locations or spots that are hosting community events during the day or weekend of your sale. We may earn money when you click on our links. Or, if you’re definitely done with fixer-uppers, you can give yourself a break by moving into a brand-new home. That can mean a home with less square footage, a home with less land to take care of or a home with fewer bedrooms. After relocating four times in the last calendar year, she’s got strong opinions about moving best practices. One of the easiest ways to declutter is to plan out each item’s purpose and location. Holding onto items until you get the most money won’t help your downsizing efforts. People often decide to sell to access some of the equity they have in their home, perhaps to help fund a child’s or grandchild’s college education or to pay medical expenses. Auctions are similar. Sorting can be a daunting process, especially if you’ve been in your home for a long time and accumulated lots of stuff. According to the. Downsizing comes in a variety of extremes from small changes to drastic life changes. But if you’ve lived in your home for many years, and/or if you live in an expensive real estate market and expect to make more than that, you’ll want to factor in the taxes you’ll have to pay. Take inventory of how much stuff is tucked away in the attic or garage, and give grown children enough notice so they can pick up any of their childhood belongings. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The first step is determining when to downsize, and both finances and your lifestyle factor into the decision. When it winds down to the last few hours, you can mark things down drastically and once the sale is over, you can take what didn’t sell and give it a try at a consignment store. 9 Tips to Downsize Your Home. Plus, when it comes to splitting the work, it’ll be a team effort instead of a solo endeavor. It’s definitely “the more, the merrier” when it comes to yard sales. If you need to downsize in a hurry, you need to sell or get rid of things in a hurry. The decision to relocate for retirement can be an emotional roller coaster, hugely exciting and a massive financial event. Plan ahead. Some people just love to haggle—hear them out and consider lowering your price, especially as the day goes on (but don’t drop below your minimum). Return to Zillow.com. Know the lowest amount you’re willing to accept so you don’t end up feeling like you got taken for a ride when it’s all said and done. Baby boomers are moving in record numbers and many are downsizing as retirement time has arrived. Learn more, .subnav-back-arrow-st0{fill:none;stroke:#0074E4;stroke-linecap:round;} Gone are the days of newspapers being your only advertising option. In different times of life, people need different things from their homes. In a sellers market, a contingent offer makes you less appealing to the seller than other potential buyers. You will have the most energy for this task at the beginning of the move and it will also give you a better indication of … Have a garage sale—get your whole family or neighborhood in on it, and advertise heavily. If you don’t have the time or know-how to do it on your own, there are services that will do it for you. Have lots of little bills on hand—you can add little bills up, but you can’t always break big ones down. If you’re downsizing your home, you’ll probably also minimize the amount of stuff you bring with you. Use up those plastic grocery bags or extra reusable totes you’ve managed to accumulate. The first $250,000 (if you’re a single filer) or $500,000 (married filing jointly) of profit you make on your house is exempt from capital gains taxes. Declutter 90 Days Before the Move. If you don’t have room in your new home for keepsakes or heirlooms, consider passing them on to other family members. As we move towards downsizing & a simpler life, we have lots of items we need to part with. You’ll end up losing money if you can’t make correct change. Move large items first. Just think about all the fun stuff you can do with the extra money, too. And a positive attitude lets you consider downsizing as an opportunity to do some real good in the world by enriching other lives. Since your shoppers are much more likely to want to pay with plastic instead of cash, invest in something like Square to process payments right from your smartphone or tablet. Your goal, after all, is to get rid of your stuff in one fell, yard-sale-style swoop. Adding more stuff to the pile will make your upcoming move more challenging, which is the last thing that you want. Find a vintage or antique shop for your retro clothes and valuable trinkets. If you can market your sale as a two- or even three-family shindig, you’re almost guaranteed to get more traffic. (Just don’t ever pull a Marie Kondo and suggest she whittle down her personal library. She leads the Move.org content team in producing whip-smart moving tips and recs. 2. It is not Zillow's intention to solicit or interfere with any established agency relationship you may have with a real estate professional. Family members may have … While it can be tempting to skip the hassle of setting up a display, a thoughtful presentation makes your stuff look more appealing and makes shopping easier for your customers. While some people buy bigger, grander or more expensive retirement homes, downsizing for retirement is the savvy strategy — especially for those of us who have not quite saved enough for our golden years. All rights reserved. If you wish to report an issue or seek an accommodation, please let us know. Unlike a garage sale or a yard sale, in which you hand-select several items to sell, with an estate sale, you hand-select the items you want to keep and you sell the rest. Our best expert tips to help you navigate how to downsize Posted on 27th October 2020 in antique appraisal, Antique Auction, Antique Collection, antique liquidator, antiques liquidator by Alan At some point, everyone needs to do downsizing- maybe you are an recent empty-nester, or a new caregiver for an elderly parent’s home. If you move from a single-family home into a condo or townhouse, you’ll minimize yard work, maintenance and cleaning time, giving you more free time. For example, if you are moving from a 3-bedroom to a 2-bedroom home, only bring two bedroom sets and make sure they’ll fit in the bedrooms. 8. Check out eBay for going rates and mark prices around 10% of the retail price, but consider adding a 15 to 20% markup above your minimum to leave room for the hagglers. Plus, those looking to downsize in their 80s often have children in their 60s who may be downsizing as well, Temeyer said. Each week we're at a different area house, in the Chatham, Durham and Orange County area of North Carolina. Broken items or anything with missing parts, Unused kitchen appliances (if you haven’t used it yet, you’re unlikely to), Oversized furniture that won’t fit in your new home, Big items that are gathering dust (like unused exercise equipment), All important documents, including birth certificates, diplomas, social security cards and investment paperwork, Valuable antiques (unless you’re ready to sell them), Full sets of items (keep at least one complete set of silverware, dishes and tools), Emergency kit (no matter where you live, keep a toolbox, stepladder, fire extinguisher and first-aid kit), At least one formal outfit for a wedding or special event, Another big hurdle people face when downsizing is figuring out the logistics of. Whether you’re retiring, you’re a recent empty nester, or you have another reason to consider moving, you may be asking yourself, “Should I downsize my house?” Here are a few key benefits of downsizing. Another big hurdle people face when downsizing is figuring out the logistics of selling the old home and buying a new home at the same time. : Don’t underestimate how much stuff you have, and don’t wait until packing time to start purging. Set Clutter Control Rules. One thing you want to avoid is overwhelming your customers. The best way to make some money from your journey is to have a fire sale. 3. Christa Baxter has worked as an editor for more than seven years. Since you probably don’t hold a yard sale every day, it’s likely you’re a little rusty but don’t worry—we’ve got tips and tricks to make sure yours is a triumph. : If you’re trying to get out of debt and have a decent amount of equity in your home, you may be able to sell, pay off your debt, and use your remaining equity as a down payment on a smaller home. If not, then get rid of it, unless it holds sentimental value. Anything that’s left after your yard sale and a trip to the consignment store is an opportunity to give to those in need. 1. Zillow, Inc. holds real estate brokerage licenses in multiple states. It’ll save you stress and ward off anxiety for buyers that don’t like to haggle. Once it’s over, load whatever’s left over into the back of a pickup, and take it to the thrift store. You’ll want to stock up before yard sale day to avoid losing sales to people simply because they didn’t come prepared to carry away what they found. People’s priorities, interests and social circles change over time, and downsizing can make it possible for you to be closer to the activities you want to do. Downsizing is stressful enough, you don’t want to add so you’ll want your home sale to be successful and low-stress. Organizing your stuff by category or price point will go a long way to provide a little method to the madness. Aim for a day that isn’t sweltering hot or predicted to be rainy—you want it to be as comfortable as possible for your customers to be outside perusing your stuff. Also, since this downsizing coincided with a job change for me, I got rid of most of my work wardrobe, allowing me to thin my wardrobe from two full closets to one. : Furniture takes up the most space and is the costliest to move, so take a hard look at the layout of the home you’re moving into and only bring enough furniture to fill the space. By starting early, you won’t, : Make an inventory list (this can also be helpful if you’re. Try starting your sale on a Friday around 6 a.m. to catch commuters on their way to work or kids and their parents on their way to school—especially if you’re selling lots of kid’s items. It is for information purposes only, and any links provided are for the user's convenience. But at some point, most people downsize.
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