What Is Important To Boomers When Selling Their House?

By
Real Estate Agent with REMAX Realty Group Lic. # SL3154233

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may be ready to move into a home that better fits your current lifestyle. Many fellow boomers have already made the move you may be considering.

The National Association of Realtors recently released their 2019 Home Buyer and Seller Generational Report. The report revealed many interesting tidbits about both categories of baby boomers: younger boomers (ages 54 to 63) and older boomers (64 to72). Here are a few of the more interesting topics.

Percentage of Buyers who Looked Online First

  • All Buyers: 44%
  • Younger Boomers: 46%
  • Older Boomers: 44%

Where Boomers Found the Home They Purchased

The two major ways buyers found the home they purchased:

  • All buyers: 50% on the internet, 28% through a real estate agent
  • Younger Boomers: 46% on the internet, 33% through a real estate agent
  • Older Boomers: 36% on the internet, 35% through a real estate agent

Distance Seller Moved

The distance between the home they purchased and the home they recently sold was much greater for boomers than the average seller.

  • All sellers: 20 miles
  • Younger Boomers: 27 miles
  • Older Boomers: 50 miles

Tenure in Previous Home of Seller

The percentage of older boomers who lived in their previous home for more than 20 years was almost twice the amount of the average seller.

  • All sellers: 16%
  • Younger Boomers: 20%
  • Older Boomers: 31%

Primary Reason to Sell their Previous Home

  • Want to move closer to friends or family
  • Home too large
  • Retirement

View of Homeownership as a Financial Investment

  • 83% of Younger Boomers see homeownership as a good investment
  • 82% of Older Boomers see homeownership as a good investment

information provided by KCM

 

Bottom Line

If you are a boomer and thinking about selling, now might be the time to contact your local agent: " Abby Stiller" to help determine your options. Abby can be reached at: 239-284-8637 - Tambien Hablamos Español -

Posted by

 

Abby Stiller 

Realtor® Lic. #3154233    

12 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637

or visit: www.TeamStiller.com

 

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Topic:
Home Selling
Location:
Florida Lee County
Tags:
retirement
selling a home
baby boomers
home equity
local realtor
moving to florida
southwestflorida

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Rainmaker
2,545,217
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The first step should always be for them to contact you first, I know you will lay a great game plan out for them!

Jun 10, 2019 10:44 AM #1
Rainmaker
401,148
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

That's very kind of you Brian England Fortunately I've been in the local market for 13 years so I can definitely help them. Have a wonderful week!

Jun 10, 2019 11:12 AM #2
Rainmaker
3,166,102
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Abby Stillar,  Excellent blog and one that more people should of commented on.  Make it a great day.

Aug 13, 2019 07:54 AM #3
Rainmaker
401,148
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Thank you Will Hamm There is always great information found in the active rain world

Aug 13, 2019 02:06 PM #4
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Rainmaker
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Abby Stiller

Professional Bilingual Realtor (239) 284-8637
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