Realtor Joanne Brodersen with DFH Realty stands in front of a home she is selling. A person or couple downsizing from a multi-story house might find a bungalow fits their needs.

HOMEFINDER: Empty nesters looking to downsize

Besides the physical aspect of moving, the emotional aspect is often a factor

For many parents whose children have grown up and moved out, they are left with a big house to themselves and are looking for a change.

Making the decision to downsize and leave the family home can be daunting for some, but local experts say it does not have to be with the right help and information.

“It’s just such a daunting process,” said Joanne Brodersen, realtor with DFH Real Estate. “[But] it’s not as scary as it seems. With the right people helping you, that transition can be made much more smoothly than it appears at first.”

Besides the physical aspect of moving, Brodersen said the emotional aspect is often a factor as well, in terms of memories associated with the home. She advises going through items in the home and deciding what can be given away and what should stay when looking to move to a smaller place.

“There’s so many people that can use those things that are sitting in your house that have been collecting dust for the last 20 years because no one’s used them.”

While retirees and downsizers have slotted themselves in to various parts of the West Shore, Brodersen says the phenomenon reaches across the Capital Region.

“I think what it is, is that there are so many baby boomers (reaching that stage),” she said.

Bill Ethier, managing broker president of Royal Lepage Coast Capital Realty, said one of the main challenges for many people who are downsizing is being used to the amount of space they had before.

He said most people who downsize are going from a single-family home to a condo.

“It’s easier to go up in space because you acquire more stuff as you move up, but going down it’s making the decision of what to eliminate from your life.”

Another challenge for some people is having unrealistic expectations of how much space they can get within their budget, said Ethier. He said people often wonder how they are going to live in a much smaller home.

“Get out there and look at properties and do comparisons and get an idea of what a square footage is,” said Ethier. He added buyers should measure the rooms in their own homes in order to be able to compare it to homes they are looking to move into.

Brodersen has led downsizing seminars the past couple of months for people looking for more information and advice. The events include multiple speakers, including herself, a mortgage specialist and a financial planner.

“We find so many people are thirsty for this information,” Brodersen said.

“If you know how it’s going to go, it’s not quite so frightening.”

For more information about upcoming downsizing seminars, visit joannebrodersen.com or call 250-477-7291.

Q: HOW WELL DID THE HOUSING MARKET PERFORM LAST MONTH?

November real estate sales have proven brisk.

The Victoria Real Estate Board announced 465 property sales in the Victoria region this November, surpassing 2013 sales of 412 by 12.9 per cent.

“This year has been great for Victoria real estate, we’ve seen a friendly market for buyers and sellers thanks to steady pricing and low mortgage rates,” said Victoria Real Estate Board President Tim Ayres. “By early last month, sales in the Victoria area met the number of total sales we saw for the entire year of 2013, and now we are 5.18 per cent over last year’s sales with another month to go.”

The Multiple Listing Service Home Price Index benchmark value for a single family home in the Victoria Core was up to $489,000 from $482,300 last year, for an increase of 1.4 per cent.

“Another statistic to watch is the number of active and new listings,” Ayres continued. “682 properties were listed this November, and the total number of properties listed for sale including those newly listed was 3,631. That’s 9.6 per cent fewer properties for sale than November last year.”

GREATER VICTORIA MARKET UPDATE » Month ending NOV. 30/14  COURTESY VICTORIA REAL ESTATE BOARD

» 465 / 412 — NET UNCONDITIONAL SALES/ TOTAL,  NOV. 2013

» 682 / 714 — NEW LISTINGS / TOTAL, NOV. 2013

» 3,631 / 4,017 — ACTIVE RESIDENTIAL LISTINGS / TOTAL, OCT. 2013

Just Posted

Ambitious B.C. Aviation Museum need $10M to get iconic Lancaster back in the air

Volunteers flock to work on bomber, restoration expected to take 10 years

Greater Victoria Harbour Authority to fall fake eagle tree at Ogden Point

Last year a fake tree was installed to try to entice eagles to stay in the area, without much success

Saanich to potentially host first hydrogen fuel station on Vancouver Island

Station proposed for corner of Quadra Street and McKenzie Avenue

Langford man sentenced to 15 months for child pornography collection

Andre Mollon sentenced for posession of more than 1,000 child pornography images and 70 videos

400 drivers stopped, screened on West Shore with zero charges

Friday evening stop led to one vehicle taken off the road for being too dangerous to drive

Victoria hosts ‘Ultimate Hockey Fan Cave’

The hockey cave was recently featured on a Netflix special

Inspirational Vancouver Island youngster dies after battle with brain cancer

Kaiden Finley ‘was seriously the strongest 11-year-old’

Is it a homicide? B.C. woman dies in hospital, seven months after being shot

Stepfather think Chilliwack case should now be a homicide, but IHIT has not confirmed anything

Indecent caller handed 18-month conditional sentence

Vancouver Island man pleaded guilty to making indecent phone and video calls to women across B.C.

Sources say Trudeau rejected Wilson-Raybould’s conservative pick for high court

Wilson-Raybould said Monday “there was no conflict between the PM and myself”

First Nations public art piece stolen in Nanaimo

Spindle Whorl went missing over the weekend, according to Nanaimo RCMP

Father-son duo at B.C. Children’s Hospital helps new dads fight depression

The pair teamed up to introduce the only known research-based mindfulness workshop for new dads

Mexican restaurant in B.C. told to take down Mexican flag

General manager of Primo’s Mexican Grill in White Rock: ‘I’ve never heard of anything like this’

B.C. NDP moves to provide tax credits, tax cut for LNG Canada

Provincial sales tax break of $596 million repayable after construction

Most Read