How Do We Decide on Downsizing When One of Us Isn't Ready?

How do you decide on downsizing when one of you is ready and the other isn't? You slow down, listen to what each person is worried about, and make the decision together with real information, at a pace your family can live with.

I'm Jeanette Nelson, a REALTOR® with Jeanette Nelson Real Estate, Keller Williams Realty, serving Orange County, Huntington Beach, Costa Mesa, Fountain Valley, and surrounding areas. Every successful real estate journey begins by listening. When a couple disagrees about downsizing, it usually isn't about square footage. It's about memories, security, family, health and what the next years should look like.

For one of you, a smaller home may mean less upkeep and more freedom. For the other, the house may hold the kids' growing-up years, a garden, or a sense of control. Both views make sense.

Try talking about the life, not the property. A few questions can open it up:

• What do you want a normal day to look like in five years?
• What worries you most about staying?
• What worries you most about moving?
• What would you miss, and what would you be glad to leave behind?
• Where do you want to be in relation to family?

Take turns, and let each answer stand without debate. Writing them down can help you see where you agree. Often both people want the same things, like being near the grandkids or staying in the community, and simply see different ways to get there.

Feelings matter, and so does clarity. Uncertainty often makes the person who isn't ready more hesitant. Gather the facts together:

1. What your home could sell for, based on recent like-kind sales nearby.
2. What a smaller home would cost, in the areas you'd actually consider.
3. What the monthly costs would be, including property taxes, insurance and any HOA dues.
4. How taxes might work on the sale. The IRS lets a married couple filing jointly exclude up to $500,000 of gain on a main home if they meet the ownership and use tests, generally owning and living there at least two of the last five years.
5. How property taxes would change. If one of you is 55 or older, the Orange County Assessor explains that Proposition 19 may let you transfer your current home's taxable value to a replacement home. The replacement must generally be bought within two years of the sale, and a claim must be filed.

Keep in mind that a purchase triggers a new assessment, and the Orange County Treasurer-Tax Collector explains that new owners usually receive a supplemental tax bill.

This is general information. A CPA can explain your tax picture, and the Assessor's office can answer Proposition 19 questions for your situation.

That's okay. You don't have to decide everything at once. Some couples find it helps to:

• Pick a smaller first step, like touring a few single-story homes or condos with no commitment.
• Set a time to revisit, such as after the holidays or next spring.
• Start decluttering anyway. Clearing out rooms you don't use helps whether you move or stay.
• Include family, if adult children are part of your plans and you both want their input.
• Agree on what would change your minds, such as a health change or a home that fits.

A good plan respects the person who isn't ready. Pressure tends to make the decision harder, not easier.

A written plan turns a big, vague question into steps. It can show your timeline, your numbers, which belongings go with you, and who helps with what. Many couples feel more at ease once they see that moving can happen in stages, and that they stay in control of each one.

You can read more about how this works on my downsizing page.

If your family is weighing whether to downsize, I'd love to sit down with both of you for a private planning conversation. We'll listen to what matters to each of you, look at the facts together, and go at a pace that feels right, with no pressure to decide. Call or text me at 714.366.8575 | DRE: 01397168, or contact me. Jeanette Nelson is a REALTOR® with Jeanette Nelson Real Estate, Keller Williams Realty, serving Orange County, Huntington Beach, Costa Mesa, Fountain Valley, and surrounding areas.