Downsizing

A cluttered basement full of boxes and other items.

Are you starting to ask yourself when to downsize your home?
Or you are helping your parents move, you have to get the home ready for sale.

Not quiet ready to move yet but you are starting to think about moving  into a smaller space. This is the time when you start to downsize! The minute you start to think about downsizing is the minute you begin to downsize. It will take some time so you might as well start now.
Remember when you moved out of your parent’s home, I’am sure you didn’t have much stuff. Maybe a bed, couch & a chair, dresser, a few boxes of kitchen utensils plus the bathroom towels & shower curtain and a trunk full of clothes. Fast forward 30 years later, you have probably accumulated more stuff to fill up a bigger home with closets overflowing, basement is full and each room is full of furniture. Your home is beautiful and it makes you happy….Hmmm, what to do with all of the stuff?

Before you move or downsize tip: You must give yourself permission to get rid of things. This is a huge decision. Give yourself permission to say good bye to items that you have spent your life collecting. Ask your children what they want to take. You  will give them things that they may not need or want just yet.

Moving your parents, invite family members to take the items that they want, this  will lighten the load. Tip: Set a deadline with family and friends; Tell them if the item is not moved or picked up by (a date) then it will be disposed of and stick to the plan.

Downsizing Your Home With Style
Downsizing your home with style doesn’t have to be costly. Sometimes it can be as simple as a new color of paint or a new set of curtains or removing wallpaper or a few new decorative pillows on the couch. But it does take some planning and a little throwing or giving away with a  little rearranging.

Tip: First things first, draw out your floor plan and select the furniture that will fit into that floor plan. What will fit and what will not? Imagine your new location. How much and which furniture will fit into that space? Ask yourself if you really want to take this same furniture or perhaps use this time to buy a new couch or chair or bedroom suit. How many closets will you have? How much clothing will fit into that closet? How big are the rooms? Don’t forget your artwork!
Not all of your furniture needs to go into the same room as it was in the old house. Perhaps a chest of dresser drawers could be re-purposed in the living room to hold the television. Get creative and move items into new arrangements and into new rooms. There are no real rules about where something needs to be placed. If you don’t like it, move it again until the placement makes you happy.

Simple ways to give your rooms new style is easiest by changing the color of the walls. Complement the new color with accent pillows. The pillows on your sofa could be the only items that change that make the room look different. The little spot of color will pull the eye from one thing to another.

Another change could be the artwork. Find an inexpensive piece with new colors that will change up the color in the room. Even a new or different area rug will change things. Not everything has to be new. Many times you can use what you already have and re-purpose it in another room

How to Downsize When Moving
Once the idea of where the placement of furniture will be in the new place you will start the process of moving and getting rid of the belongings that won’t fit into the new space.
Photographs can be scanned and put on the computer. If you can’t bring yourself to throw out the actual photo then send it back to the person who is in the photo after you have scanned it into your computer. They may not have a copy of the photo which you are sending and it will be a nice gift.

An auction can be held at the property or more conveniently at the auction house. Here in the Lehigh Valley there are many auction houses that are capable of taking away items to be sold. A few local auctioneers are Tom Hall Auctions, Alderfer Auction & Appraisal, Dotta Auction just to name a few. An auctioneer will charge a percentage of the sale as their commission or fee. They need to get paid for their time and effort. They will charge you to pack your items into a truck and take them to the auction house.

I have been introduced to a ON-LINE auction company called MaxSold which I think is an amazing concept. It’s a combination of auction and estate sale wrapped into one and the auction is played out on the internet. No strangers come to your residence. Everyone bids on line. Here’s how it works: You pay an upfront charge to have the MaxSold representative come into the house to price, photo and arrange everything into box lots. The box lots are photographed and uploaded onto the MaxSold website. An worldwide online auction is scheduled and takes place of YOUR items. If a box lot or item is bid higher at the last minute (as often happens in a live auction) then the auction continues for another two minutes until the last and highest bid has been made. Items are paid for at once by credit card – so you get your money at once and don’t have to worry about bounced checks. Once the items are sold the MaxSold representative comes back to the house on the “pick up day” to orchestrate the retrieval of all sold items by customers. So there is no mix-matching of the wrong person getting the wrong box etc. MaxSold does take a percentage of the proceeds as payment. It is amazing what will and can be sold in the box lots…things like household cleaners, old knickknacks, rolls of paper towels…items that would never sell individually in a traditional auction and it’s all because there is always an item of value in the box. If there is anything left over, you would be need to have it disposed of.

Another way to downsize while moving is to have an estate sale.  Once an estate company is hired, they will come in and price everything , advertise the sale and complete the sale. Many companies will dispose of what is left and not sold after the sale. Both auctions and estate sales are a good way to offset the cost of moving and avoiding filling up our landfills with furniture and household items.

Donation may be the way to go. Your generosity could help someone else in their time of need. Building materials can be donated to Habitat Lehigh Valley ReStore. There are two local locations here in the Lehigh Valley. Habitat For Humanity does great things for working families in need of reasonably priced housing! The proceeds from the sale of items at the store help Habitat for Humanity to provide the mortgages for these homes. Via of the Lehigh Valley has two locations where you can donate items. Via will also come and pick up items that you want to donate.  Purple Heart is a organization which picks up and resells the items and all of the proceed go to help service men & women and their families. Also, bed linens and mattresses can be donated to shelters for the homeless or halfway houses helping to get people back on their feet. You can places like The Victory House ,  New Bethany Ministries or The Allentown Rescue Mission they will tell you what they need.

And if all of this is too overwhelming, as it sometime is. Or if you do not have the time or the energy to do any of this yourself. Or if you are out of state, call Senior Move Managers they are people who specialize in helping you do everything that has been mentioned above. One Senior Move Manager who I would recommend is Jill Duffey Kearney from Senior Moves by Design. I have worked with Jill on many occasions and I can tell you Jill gets the job done!

Another way to sell your processions is by opening an Ebay account or a Craigslist account. Both are internet pages/companies where you can post a photo of your item and sell it in an auction format or as a “buy it now” scenario. This is a slower way to turn your possessions into cash but they are both pretty easy ways to do it. With Ebay you do have to figure out the web site and ship the item to where ever the buyer is.

In conclusion, it’s a lot of work to downsize so get started NOW! And if you can’t do it alone, call us, we help many people though this process. We can put you in touch with a network of people who will also help, movers, haulers, packers. estate people…you name it we have a go-to person who can help.

Lehigh Valley Real Estate Values for December 2018

A quiet residential street with bare trees and parked cars.
Lehigh Valley Real Estate Market Statistics for December 2017 The real estate value of your Lehigh Valley home has changed!  As you will see by the numbers, the Lehigh Valley Real Estate Market has been going strong for more than a full year.  If you want to sell or buy a property, please call me, Diana 610-417-1174.  If you want to know what your neighborhood or town are doing comparing to these overall numbers, please call me and we can get that information to you.  If you would like to know how the value of your property has changed, Call me!   Here’s the NEWS-
  1. 448 New Listings have come on the Market in December that’s a -10.2% decrease over last 2016 December. And Year to Date (YTD) we are at 11,562 new listings on the market just -0.5% under last year’s 2016 numbers.
What does this means to you?  It means that if you are a buyer you have -10% more properties to choose from than you did in 2016 December.  But it also means that the market inventory hasn’t increased any more than it was in 2016.  It is slightly under last year’s numbers.  
  1. 612 Closed Sales or Settlements occurred in December 2017 which was a -3.6% decrease over last year. 8,346 YTD closings have occurred in 2017 which is a +4.0% increase over last year’s numbers.
What this means to you?  It means that the real estate market is still robust.  It is a good time to sell a home.  
  1. 52 Days on Market (DOM) for December! WOW! That’s a decrease of -24.6% over last December.  The YTD DOM number is 48 days on market!  A -22.6% decrease over this time last year.  Yikes, I don’t ever remember it being this low before.
What this means to you?  If you are shopping for a property, you will have stiff competition among other buyers.  If you are a buyer, you need to be pre-qualified with a recognized lender and ready to write an offer the MINUTE you see a property that you like.  There is no time to “sleep on it”.  If you like the property, I can guarantee that there will be several other buyers who like it as well and who are willing to make an offer too.  So with that said, in a multi-offer situation be prepared to pay the asking price (if not more) for the property.   As a seller it means that your property will sell quickly if it is in good shape and well priced.  If it is overpriced for the market it will sit (even in this market), I promise you.  
  1. The Median Sales Price for December and YTD is $182,750. The YTD number is $185,000. The median means that if you line up all of the sold properties, the exact middle of the list is $182,750. This number is up + 3.2% for December and up + 4.5% YTD.
What this means to you?  This means that the home prices are still rising.  It means that because many buyers are paying full asking price (or more) for a property the median number is on the rise.  It is another indicator that the market is strong and if you are purchasing a property there is little room for negotiations on price.
  1. Average Sales Prices are up too! No surprise here.  The Average Sales Price is $219,499 which is +8.2% above what the number was last December.  The YTD sales Price is $215,271 which is up +5.0% over where it was last year.  WOW!
What this means to you?  More of the same…. Prices are on the rise and you’ll need to be prepared for that fact when making an offer.  As a seller, WooHOo!  It’s a great time to sell. Get your house listed NOW!   But remember once you sell, you will be purchasing at the top of the market just like everyone else.  
  1. Percentage of List price paid is still strong. For December buyers have been paying 97.5% of the asking price which is a +0.3% increase over last December.  And the YTD number is just as strong at 97.7% which is a +0.5% increase over last year.
What this means to you?  Once again, buyers don’t have much negotiation room on price.  And for a seller, if your property is in good market condition you will be getting full asking price or slightly less for your property.  
  1. This is the scary part…..Inventory Levels….For December the inventory of homes for sale is 1,606 which is a -28.4% decrease over last December.
  What this means to you?  It means that as a buyer you don’t have much choice.  And it means that you don’t have time to make a decision.  As a seller it means that it’s a GREAT time to sell because you have almost NO competition.  So your house will sell quickly and at full (or almost full) price.  List NOW, there’s no time to wait!  
  1. And Drum Rolls Please ….The BIG indicator….Months of Supply of Inventory. It’s at an all time low of 2.2 months supply!  This is down -35.3% over last year.
What this means to you?  It means that as a buyer you will be seeing fewer homes that meet your criteria.  It also means that you will be writing more offers because the properties that you are bidding on may be sold to another buyer.  And it means that the properties in your price point will be selling quickly.  As a seller, it means that you should be considering getting your house on the market.  It also means that if your house has not sold, you need to do something about the price or about the condition.  Buyers still understand the market and what their money will buy.  So they will not bid on properties that they feel are overpriced or in bad condition.  And if they do make a bid it will be at their perception of what the property is worth in today’s market place.   Diana Hodgson, Realtor, SRES, SRS, Keller Williams Real Estate, direct phone 610-417-1174, email: Diana@RedHeadAgent.com    Website: www.RedHeadAgent.com

Lehigh Valley Real Estate Market Statistics for November 2017

Logo for RedHeadAgent Real Estate Team with a key and house design.

As you will see by the numbers, the Lehigh Valley Real Estate Market has been going strong for more than a full year! If you want to sell or buy a property, please call me, Diana 610-417-1174. If you want to know how your neighborhood or town are comparing to these overall numbers, please call me and we can get that information to you. If you would like to know how the value of your property has changed, Call me!

The real estate statistics that are being reported are always a month behind because the calculations are not done until after a month’s business has closed.

Here’s the NEWS-
1. 713 New Listings have come on the Market in November that’s a +5.2% increase over last 2016 November. And Year to Date (YTD) we are at 11,116 new listings on the market just -0.1% under last year’s 2016 numbers.

What does this means to you? It means that if you are a buyer you have 5% more properties to choose from than you did in 2016 November. But it also means that the market inventory hasn’t increased any more than it was in 2016. It is slightly under last year’s numbers.

2. 661 Closed Sales or Settlements occurred in November 2017 which was a +7.7% increase over last year. 7,709 YTD closings have occurred in 2017 which is a +4.3% increase over last year’s numbers.

What this means to you? It means that the real estate market is still robust. It is a great time to sell a home.

3. 43 Days on Market (DOM) for November! WOW! That’s a decrease of -24.6% over last November. The YTD DOM number is 48 days on market! A -21.3% decrease over this time last year. Yikes, I don’t ever remember it being this low before.

What this means to you? If you are shopping for a property, you will have stiff competition among other buyers. If you are a buyer, you need to be pre-qualified with a recognized lender and ready to write an offer the MINUTE you see a property that you like. There is no time to “sleep on it”. If you like the property, I can guarantee that there will be several other buyers who like it as well and who are willing to make an offer too. So with that said, in a multi-offer situation be prepared to pay the asking price (if not more) for the property. As a seller it means that your property will sell quickly if it is in good shape and well priced. If it is overpriced for the market it will sit, I promise you.

4. The Median Sales Price is the same for November and YTD is $185,000! The median means that if all of the sold properties were lined up the exact middle of the list is $185,000. This number is up + 5.7% for November and up + 4.5% YTD.

What this means to you? That means that the home prices are rising. It means that because many buyers are paying full asking price (or more) for a property the median number is on the rise. It is another indicator that the market is strong and if you are purchasing a property there is little room for negotiations on price.

5. Average Sales Prices are up too! No surprise here. The Average Sales Price is $217,150 which is +9.9% above what the number was last November. The YTD sales Price is $214,983whichis up +4.8% over where it was last year. WOW!

What this means to you? More of the same…. Prices are on the rise and you’ll need to be prepared for that fact when making an offer. As a seller, WooHOo! It’s a great time to sell. Get your house listed NOW! But remember once you sell, you will be purchasing at the top of the market just like everyone else.

6.  Percentage of List price paid is still strong. For November buyers have been paying 98.1% of the asking price which is a +1.4% increase over last November. And the YTD number is just as strong at 97.8% which is a +0.6% increase over last year 2016.

What this means to you? Once again, buyers don’t have much negotiation room on price. And for a seller, if your property is in good market condition you will be getting full asking price or slightly less for your property.

7. This is the scary part…..Inventory Levels….For November the inventory of homes for sale is 1,931 which is a -26.4% decrease over last November. And incidentally, November 2016 levels were -24.0% below that of 2015.

What this means to you? It means that as a buyer you don’t have much choice. And it means that you don’t have time to make a decision. As a seller it means that it’s a GREAT time to sell because you have almost NO competition. So your house will sell quickly and at full (or almost full) price. List NOW, there’s no time to wait!

8. And Drum Rolls Please ….The BIG indicator….Months of Supply of Inventory. It’s at an all time low of 2.7 months supply! This is down -30.8% over last year. And once again last year’s November months of supply was -29.1% lower than what it was in 2015!

What this means to you? It means that as a buyer you will be seeing fewer homes that meet your criteria. It also means that you will be writing more offers because the properties that you are bidding on may be sold to another buyer. And it means that the properties in your price point will be selling quickly. As a seller, it means that you should be considering getting your house on the market. It also means that if your house has not sold, you need to do something about the price or about the condition. Buyers still understand the market and what their money will buy. So they will not bid on properties that they feel are overpriced or in bad condition. And if they do make a bid it will be at their perception of what the property is worth in today’s market place.

Diana Hodgson, Realtor, SRES, SRS, Keller Williams Real Estate

direct phone 610-417-1174

email: Diana@RedHeadAgent.com Website: www.RedHeadAgent.com