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You’ve spent a lifetime collecting treasures….

You’ve spent a lifetime collecting treasures, and you’re so proud of the antique spoon collection that has been in your family for generations.  But before you bank on the fact that you’ll be passing them down to your kids, talk to them.  Don’t let your heirlooms their headache. They want to fill their homes with items that are meaningful to them, just like you did.

This may come as a shock to many, but the fact is that millennials travel a lot lighter than their parents.  Modern lifestyles don’t afford time for dusting of knickknacks and polishing of silver.  Take a trip thought any thrift or consignment store for proof of this theory.  They are filled to the rim with traditional furniture and collectable figurines.

One of our clients recently inherited a collection of over 200 Hummel figurines, her mother’s most prized possession. While she’s going to keep several that mean the most to her, she has no space for all of them.  She spoke with an appraiser about selling these antique and once very expensive items, and was told there is no market for them. Donate them to charity and take the write off was the advice she received.

Here’s our recommendations on sparing your kids some grief and guilt:

  • Talk to your kids.  Ask them what they want and have them tell you exactly what they don’t want so you can make other meaningful arrangements for those items.  Perhaps donation to a favorite charity or offering them to another family member or friend.
  • Accept the fact that times have changes.  Younger generations find fulfillment in more virtual ways.  When you have Netflix, iPhone and Amazon at your fingertips, you’re less consumed with physical items.  Items that you found useful or appealing may no longer practical.
  • Don’t take it personally.  Just because your children don’t want all of your things does not mean they don’t want to remember you.
  • Start downsizing now.  Identify what your kids don’t want and what is no longer bringing you joy and get rid of it now!  Plan a garage sale, sell a few things on eBay, arrange a charity pick-up (see our previous blog on this topic) or call a consignment store.  You’ll feel freer and lighter and your kids surely will too.

What is a Home Warranty?

A Home Warranty is a one year service contract that covers the repair and/or replacement of a home’s major mechanical systems and appliances. Buyer’s Coverage, Seller’s Coverage and New Construction Coverage are available for most residential real estate properties. Covered systems and appliances typically include: Electrical, HVAC, Interior Plumbing/Stoppages, Water Heater, Dishwasher, Oven/Range/Cooktop, Garbage Disposal,… Continue Reading

Confused About Your Housing Options?

Let us help you make the best choice for YOU! There may come a point in your life when you current housing situation is not feasible, convenient, or possibly even safe. Maybe you’re simply living in a two-story home and prefer a home without the burden of stairs. Or, maybe you’re an empty nester who… Continue Reading

Pickleball!

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What A Senior/Retiree Should Know Before Selling Their Home

Anyone selling a home knows that it’s a big decision that requires serious thought and planning. But, if you’re a senior or someone getting ready to retire, there are additional considerations you need to take into account before putting your home on the market. Your home can be a valuable asset (and one that may… Continue Reading

Proposed Changes in Taxes for 2017

To come in 2017 regarding taxes: biggest proposed tax changes since 1986 Proposed changes: Lowering corporate tax rate (currently 35% to 20%) Taxation of future foreign earnings: bringing money back into the country would not be subject to “double tax”. Cost Recovery changing from 5 years depreciation, now can be done in the same year… Continue Reading

Need to unload some furniture or other large items but can’t do the heavy lifting? Here are some options!

Whether 2017 will bring you retirement, a downsizing move or just an attempt to live a tidier life, there’s no time like the end of the year to donate what you no longer need. There are lots of options for dropping off clothing or household items, but donating larger items can be challenging.  Here are… Continue Reading

What is a Seniors Real Estate Specialist® (SRES®)? Do you REALLY need one?

My clients often ask me about my Seniors Real Estate Specialist® (SRES®) designation, what it means, and how it impacts them. To me, this designation is not just a simple title on paper. While I successfully completed additional coursework and training to receive this designation, it means so much more. I do not take it… Continue Reading

What is a Reverse Mortgage?

With a reverse mortgage, you get a loan in which the lender pays you. Reverse mortgages take part of the equity in your home and convert it into payments to you – a kind of advance payment on your home equity. The money you get usually is tax-free. Generally, you don’t have to pay back… Continue Reading

Our latest guilty pleasure here at Witham Real Estate: Houzz. Have you tried it? I’m obsessed!

Our latest guilty pleasure here at Witham Real Estate: Houzz. Have you tried it? I’m obsessed! Houzz is to home decorating what Pinterest is to crafting. The site has over 3 million photos, all uploaded by home design professionals. I can appreciate the outcome of high-style and a nicely decorated house, but I often just… Continue Reading

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