Downsizing from your Eastside home, on your own timeline
You have been in the house for years, and the next place should be simpler. Here is a calm, step-by-step way to get there without doing everything at once.
Justin Cicero
Managing Broker, Real Broker, LLC
When you call, you talk to me.
Downsizing is usually a choice, not an emergency, and that is an advantage. You can plan the move, keep what matters, and sell when it suits you.
Sell first, or buy first?
Selling first means you know exactly what you have to spend, but you may need a short-term place in between. Buying first means one move, and it may need bridge financing. I have relationships with lenders who offer bridge loan options, and I am happy to coordinate with your lender of choice.
Taxes
Many homeowners can exclude up to $250,000 of gain from the sale of a primary residence, or $500,000 for married couples, but there are rules and exceptions. Talk to a CPA before you list.
What happens first, next, and last
Most downsizing moves take three to six months when there is no deadline. Here is the usual order.
- First
A plan and a number
We talk through where you want to live, when, and a realistic estimate of what your home would sell for and net. You leave with a plan and no pressure.
- Next
Sort, then prepare
Room by room: what moves with you, what goes to family, and what is donated or sold. Then only the prep that is worth doing.
- Last
Sell and move
The house is listed when you are ready. We time the closing with your move so you are not paying for two places longer than necessary.
Who does the work
You decide the pace. I coordinate the people who do the physical work.
- Sorting and move management
- Senior move managers help decide what fits the new space and handle packing and setup.
- Donations and cleanout
- Scheduled pickups and a final cleanout after you move.
- Repairs and prep
- Vetted contractors, and only the work that improves your net.
- The sale
- Pricing, marketing, showings, negotiation, and closing.
What it costs, and who pays
The commission is paid to my brokerage at closing, from the sale. You owe me nothing upfront.
Vendors like movers and cleanout crews quote before any work starts and bill you directly. Nothing begins without your OK.
At closing, the seller also pays the usual costs: Washington real estate excise tax, title and escrow fees, and any mortgage or reverse mortgage payoff. You will see an estimated net sheet before you list.
Common questions
How do I know if it is the right time to downsize?
When the house takes more work, money, or worry than it gives back. A free 30-minute call can help you see the numbers before you decide anything.
Where do Eastside seniors usually move?
Smaller homes, condos, and 55+ or independent living communities are common. See senior living options.
Should I update the house before selling?
Only if it pays for itself. I will show you the likely net as-is and with light prep.
How do I handle a lifetime of belongings?
One room at a time, starting with the rooms you use least. A senior move manager can make this much easier.
Will I owe capital gains tax?
Possibly. Many homeowners can exclude up to $250,000 of gain, or $500,000 for married couples, on a primary residence. Ask a CPA about your situation.
Get the Senior Home Transition Checklist
The first conversations, the paperwork, the house, the move, and closing, in one plain list. Free, and emailed to you right away.
Get a clear plan for your next step
A 30-minute conversation about your situation, your timeline, and your options. You leave with a clear next step, whether or not we work together.
Justin Cicero
Managing Broker, Real Broker, LLC
When you call, you talk to me.