When is the right time to downsize?

By
Real Estate Agent with Harry Norman, Realtors 333356

As a Realtor serving the suburbs of North Atlanta, I am confronted on a weekly basis with questions from potential home sellers; "when is the right time to downsize?"  I never seem to have a firm or standard answer to that question so I pose it to many of you:

1. When the last of your kids has actually moved out (or at least you think they have)?

2. When the dog that has urinated all over the carpet has passed away?

3. When you have finally retired for good?

4. When your Grandchildren have learned to drive?

5. When all or most of your furniture is so thread-bare that Goodwill won't even take it?

6. How about when table-top phones, non-flat-screen TV's, and large Computer Moniters can no longer be donated.....they must all go to the local Landfill instead!!

7. When climbing the stairs may as well be Mount Rushmore?

8. When you are the last homeowner in the neighborhood WITHOUT children to escort on Halloween?

There is no "one" answer to that question, but I always make the point to those asking the question that it sometimes takes a lot longer to prepare for that "downsizing" than you think.  I had one client that took over a year and a half to prepare and then after a week-long Estate Sale was still not ready.  I had another client that took 3 years to mentally prepare and divide up her personal belongings to those remaining relatives! Yes, 3 years!!!  I had yet another client that hauled out 6 truckloads of junk just from the basement!!! 

It can sometimes be a sobering reminder that another stage in life has passed, especially for those more senior clients.  I try to be a friend, an advisor, and many times a humorist to my clients who struggle during this transition.  And above all, no one wants to hear that their home is dated, tired, and undesireable.  Downsizing is an emotionally challenging time for a number of home-sellers.  As a Realtor, I try to remember that no matter how difficult it may be to get that house ready for the next homeowner.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Michael Dagner 11/22/2014 03:53 PM
Topic:
Real Estate General Information
Location:
Georgia
Groups:
Realtors®
Out Of The Box!
Diary of a Realtor
Tags:
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atlanta real estate
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downsizing
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Rainer
182,106
Trisha Bush-LeFore
Preferred Properties Land & Homes - Walla Walla, WA
Providing Realtor Services in the Walla Walla Area

John,

It's great to know that there are professionals like you out there helping people transition to another major milestone in their lives. You're right that this is a difficult time for most seniors.

Mar 31, 2014 01:43 AM #1
Rainer
106,853
Rob Marken
Bend River Realty - Bend, OR
25+ years experience in Bend

Great points! I have many clients who are thinking about downsizing right now.  And I agree there is no real right or wrong answer to your questions to indicate when it is the right time to downsize.  Thanks for sharing. 

Mar 31, 2014 01:57 AM #2
Rainmaker
690,106
Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

John, very timely.   Will soon be helping a few clients with their downsizing, and this will certainly be helpful advice.  Thank you,

Nov 22, 2014 03:46 PM #3
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Rainmaker
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John H. Mason

Associate Broker - Realtor; Atlanta Georgia
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