To Sell or Not to Sell? Navigating the Downsizing Dilemma

Many clients feel torn when they realize that treasured furniture, collectibles, or household goods may sell for far less than their sentimental or perceived value. The used market fluctuates, and while some high-end or rare items may hold value, many everyday things simply don’t bring in the return people hope for. This can make selling feel like more effort than it’s worth.

So how do you decide whether to sell or donate? Here are a few factors to consider:

1. The Time & Effort of Selling

Selling items can be rewarding, but it requires time. Listing on platforms like Facebook Marketplace, eBay, or consignment shops means taking photos, setting prices, negotiating with buyers, and handling pickups or shipping. If you’re downsizing on a tight timeline, this process can quickly become overwhelming.

2. Emotional Attachments

Sometimes, the struggle isn’t just about money—it’s about wanting a beloved item to go to someone who will truly appreciate it. If you’re not getting the price you feel it’s worth, donating to a charity, community group, or someone in need may bring more emotional satisfaction than selling.

3. The Tax Deduction Factor

While donations don’t bring in direct cash, they may be tax-deductible. If you donate to a registered nonprofit, you can receive a receipt and deduct the value of your items on your taxes, providing financial benefit in another way.

4. The Urgency of Your Move

If you have months to downsize, you can afford to wait for the right buyer. But if you’re on a deadline, donation can be the quickest, easiest way to lighten your load without the hassle of coordinating sales.
Finding a Balance