Downsizing & Moving: The Post-Pandemic MarketplaceCategory: Newsletter
The process of selling a house, moving to a new home, downsizing to a condo, apartment or 55+ or senior living community is a big job for anyone. It can be especially overwhelming if you are a senior moving from a long-time residence filled with decades worth of stuff and years of memories.
Whatever your reason is to consider a switch, it is important to understand what is happening in a changing marketplace when making decisions on how to liquidate items that you are not taking with you.
Another big trend is that of simplification in our lives and lifestyles. We desire simpler lives, simpler homes with less to worry about and less to maintain and care for. Boomer children are downsizing at nearly the same time as their parents are passing away. We are seeing this trend currently from coast to coast, in Canada, the UK and Europe.
Many people are intentionally seeking out smaller homes, which in turn means smaller furniture with no formal dining rooms or living rooms. The large, heavy pieces of furniture that were very much in style at one time, are not as popular today.
Many clients are contacting us wanting to know how much they can bring to their new space. They also want to know the value of their items (that they are not bringing) for a variety of reasons. It is important to understand that the economy and the personal property market have softened a great deal. We also know that extraordinary items still sell well, but “extraordinary” may be in the eye of the beholder. Average household goods and furnishings are not selling as well as they used to due to a strong buyer’s market. There are many other reasons why values and pricing are lower; it’s not just about the economy. It all comes down to the law of supply and demand.
The children and grandchildren of Boomers children (generations X and Y) do not want much at all from their grandparent’s home (or their own parent’s home). For those who want to put items in storage, if the children don’t want it currently, chances are they will never want it. The cost to keep these items in storage will far outweigh any financial proceeds that could have been made.
This is not all bad news. It is important to understand these variables so we can manage our expectations and work with trusted professionals. Hiring the right professional estate liquidator is of vital importance. They know what is selling in the marketplace and how it should be sold. We work with our clients to evaluate their items and identify solutions for collectibles, vintage items, furniture, and other possessions. There are varied methods to sell items based on type, value, and volume. We can help you decide what is best for your goals and budget.
Caring Transitions Desert Cities is a certified and accredited total solution provider in the marketplace. When considering ‘downsizing’ whenever anything is ‘down’ there is a negative connotation to it. At Caring Transitions Desert Cities our goal is to alleviate stress and help our clients focus on what they are gaining not losing. We work diligently with individuals and families to identify customized solutions ensuring our clients can make informed Senior Relocation • Downsizing • Estate Sales decisions when liquidating household goods and assets. You can find Caring Transitions Desert Cities in the Wellness Village at www.parkinsonsresource.org/caringtransitions where Michele McGregor has been a member since August of 2020.