Seniors Association Seminar March 2010
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Transcript of Seniors Association Seminar March 2010
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Downsizing is a monumental task that
goes beyond just selling your real estate
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It can be a challenge for both seniors and family members
who are helping with the process
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It can also be an incredibly positive experience!
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Understanding the downsizing process and its challenges will help you when you are
ready to move on
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In this seminar:- Assessing your situation
- Emotional impact-You are in control-Family dynamics
- What do I do with my stuff?- Finding your ideal new home
- Navigating the real estate market- Where to turn for assistance
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The key to a positive, stress reduced transition is
remembering that you are in control!
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Assessing your situation: Should you downsize?
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The downsizing checklist:
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Now that we’ve determined that you should be making a
move...
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I need to find a new
home
Where do I find a Realtor?
I need to sell my current
home
I have to pack my belongings
I need to sort my belongings.
What can I take with me?
What will I do with all this stuff?
The house needs paint...
There’s so much
cleaning to do
Does my home need staging? I must prepare the
house for sale
Who gets what?
What about shipping?
What do I want to keep?
Where do I start?
I need to find a mover
Are these antiques worth anything?
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The emotional impact of downsizing
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There are lots of emotions associated with downsizing.
Some of them can feel negative
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- Loss of independence- Fear of change
- Will the space be too small?- Giving up the family home
- Fear loss of control
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We go through many transitions in our lives:
- College/University- First home
- Family home
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We embrace these changes as a new phase in our lives and we can do the same for
downsizing
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Actively change the way you choose to look at
your transition
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You have made a decision to change your lifestyle based on your current needs, not
your past needs
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Remember the past fondly and choose to look forward
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You are in control: Why downsizing doesn’t mean loss of independence
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A tough decision can be made easier by remembering
that you are in control
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29 Montgomery Boulevard
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- Had mixed feelings about selling- Controlled her timeline
- Looked at several retirement homes before moving
- Involved family- Made sure she was comfortable
before selling house- Went through transition at her own
pace in her own way, which relieved the stress
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- You can set your timeline- You make the decisions- You choose where to go- Make sure everything is
right for you.
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Should not be working with anyone who doesn’t listen, forces, pushes won’t take
your feelings into consideration
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Family Dynamics
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Moving is different as we age. Family involvement
is a big part of this
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Depending on the situation, family members are often
more involved in the process when we are older
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Children and siblings can be a great help but they can also slow or complicate
the process
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What do I do with all this stuff?: Handling a lifetime worth of possessions
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“Stuff” can often be the most overwhelming part
of downsizing
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Testimonial?
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- Don’t know where to start- Don’t know what to take- Want to give to family
- How to choose?- How to organize?
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Often have emotional attachment to possessions or see them as a comfort
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Testimonial?
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Let’s look at this from another angle:
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As we age, our possessions can take over our living space
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An overwhelming number of possessions can create a
stressful living environment
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Testimonial?
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Requires time and energy to clean, maintain and keep
orderly
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Testimonial?
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Important items can get lost in clutter
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Home can become uncomfortable because of
excess items
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After meeting with a client, we often leave them with “homework” that will help them look objectively at
their possessions
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Look realistically at the space you will be moving into
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- Will this fit into my new space?
- Is this worth the expense of moving?
- Have I used this in the past year?
- What is the functionality of this item?
- Will I need this with my new lifestyle?
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Testimonial?
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- We use 20% of our possessions
80% of the time- Things do not reflect who
you really are
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“Lots had come in and nothing had gone out...”
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Handling possessions with the future in mind ensures a stress free, relaxing place
where you can focus on the road ahead and not what
you’ve left behind
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Finding your ideal new home
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Many seniors put off downsizing because of outdated ideas about
seniors housing
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Fear that long term careis the only option
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Senior housing has come a long way and times have
changed
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Myriad options mean there is something for everyone
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Your perfect new home could be:
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- Smaller home- Condo
- Apartment- Cottage
- Retirement residence- Residence with care options
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Testimonial?
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Testimonial?
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Testimonial?
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Testimonial?
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Testimonial?
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Testimonial?
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“I couldn’t be happier with thechoice I made...”
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-Living alone in a 4 bedroom bungalow
- Wanted to move to a retirement residence
-Loved facilities, social opportunities & activities- Looked forward to move
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Testimonial?
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Navigating the real estate market
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May not have bought or sold a property in many years
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Putting your home on the market is different today
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Motivation for moving is often different for seniors
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- Independence - Social opportunities
- Closer to entertainment or amenities
- Health benefits - Travelling with ease
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Women 82
Men 77
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The longer seniors put off downsizing, the more
complicated a situation can become
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- Death of a spouse- Illness
- Mobility Issues
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696 Highway 15
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- wanted specific condo but couldn’t buy
for three years
- Started looking at retirement residence
- Didn’t want to move before house sold
- House sat on market for 2 years
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May be detrimental to wait out
the market or refuse to sell based on false or hopeful
price expectations
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Selling/buying a home can be stressful. The whole
experience is easier if you choose to move when you
are healthy and capable
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If you are concerned about the market, there are a
number of things you can do to quicken the sale of
your home
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Look at the move as a whole project and not just
the sale of your home
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Work with a company who will offer honest, straightforward
advice on all your needs
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Your choice. Someone who will tell
you what to do, or someone who will do
what you want.
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Pick someone you trust, then trust them!
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For a successful transition:
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- Embrace change and be positive!- Look ahead
- Don’t work with anyone who wants to take control from you
- Seek help from experts & listen to their advice
- A transition is easier when you are healthy & capable
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Ultimately,YOU are in control every
step of the way.
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Where can I turn for assistance?
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Certified Relocation and Transition Specialists™
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Thank-you
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