Baby Boomer or Senior - Check out the Fantastic Leisure World Community in Maryland. Appeals to both senior age groups with lots of security and amenities.
Senior Real Estate….65+ Needs are different than most transactions.
Meeting the needs of a senior buyer or seller of real estate is much different today.
Every 7 seconds another American turns 50, by 2012 40% of population will be 55 or older.
Needs of the Baby boomer are much different than the 65 plus. The 55 plus are for the most part more healthy and more active. They may still move several times before deciding on their last place to live. They do not need as much guidance and help with emotions.
The 65 plus on the other hand are more concerned with independent living, affordability, building maintenance, and closeness to medical facilities.
They also need assistance in downsizing and de-cluttering their home in preparation for the move, and help with emotional issues in regard to that move.
Often a good senior concentrated real estate agent can help the senior and the family members with all the choices to be made.
With the senior real estate agents team of professionals trained in sensitivity to their needs, a team can:
Can de-clutter/move prep
Landscape for curb appeal
Provide advice on property value of current home
Advise on Selling/Buying a property
Provide advice and value on purchase property
Help with real estate financial matters.
Recommend a good real estate attorney
Provide information from various organizations that might be of service to a senior.
Coordinate the Move
Many baby boomers and seniors are looking at their home and saying they have too much space; Space, they do not need anymore. Then they say to themselves why not sell and use the cash for a smaller place and use the extra to have more fun in their golden years. They can travel, play golf, and dine out more.
For any senior, downsizing and moving can be a traumatic experience. Because we understand the emotional and physical challenges of sorting through and organizing a lifetime of possessions, a special senior realty agent is uniquely positioned to help. In what can often be a confusing and emotionally charged situation, a senior real state agent specialist’s team functions as a clear-headed family member to help you and the rest of the family make good decisions about what to do with mom and dad’s things and how to deal with them before and after the move.
We’ll help you and the senior decide and organize what you want to keep, sell, donate, or throw away what you don’t want, and move the rest with the kind of care a lifetime of possession deserves. And we’ll work closely with you and senior to plan it all. You both do not need to be unnecessarily stressed. The senior realtor specialist can try and make the move as easy as possible on everyone involved.
A recent survey found that most seniors would purchase a home with in 12 miles or their former neighborhood there by keeping friends and community ties.
Price is their number one concern.
Only 16% bought in an active adult community
They want knowledge of area and quick responses from their agent
Here’s a surprising figure…
Here is a surprising figure 2/3 seniors use the Internet when researching real estate. Of those that used the Internet, 94% were researching prices.
Many seniors do not even view themselves as seniors. Many also appreciate the chance to discuss their needs and concerns with a trusted advisor--- provided that realtor takes the time to listen.
It is often like working with a first time homebuyer as many have not bought or sold for many years. Much has changed since their last real estate transaction. Be prepared to walk them through ever step of the transaction including the paper work.
An agent also needs to ask if they view this move as an interim or final destination. IE. The need for wider doorways for wheel chairs, handicap access to baths and steps.
The agent also needs to know if the client wants their children involved in the decision and if so how much involvement; but remember the senior is most always the client.
Until June 2010, the senior can also qualify for a 6500 rebate on the purchase of a home if they have lived in their former home at least 5 years. They may also qualify for the 250,000 individual and 500,000 per couple tax exemption.
With interest rates at an all time low, reduced affordable pricing, and good inventory, it is the prime year for seniors to start considering their future housing options.
The senior specialized real estate agent needs a wealth of info and knowledge. They need to be “the go to person” for the senior and their family. They need to have a team in place to make the move as effortless as possible. Call a Realtor today.
Real Estate Agent for Baby Boomer or Senior, needs a team of experts.
WandaFears, Realtor ABR CRS GRI WCR
Richmond, Va. Long and Foster Realtors