Baby Boomers Are On The Move

Baby Boomers Are On The Move

According to a Merrill Lynchstudy“an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.As one participant in the study stated:

“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that kind of freedom.”

The top reason to relocate cited was “wanting to be closer to family” at 29%, a close second was “wanting to reduce home expenses” at 26%.A recent Freddie Macstudy found similar results, as “nearly 20 percent of Boomers said they would move closer to their grandchildren/children compared to 13 percent who said they would move to a warmer climate.”

Not Every Baby Boomer Downsizes

There is a common misconception that as retirees find themselves with fewer children at home, they will instantly desire a smaller home to maintain. While that may be the case for half of those surveyed, the study found that three in ten decide to actually upsize to a larger home.Some choose to buy a home in a desirable destination with extra space for large family vacations, reunions, extended visits, or to allow other family members to move in with them. According to Merrill Lynch:

"Retirees often find their homes become places for family to come together and reconnect, particularly during holidays or summer vacations."

Bottom Line

If your housing needs have changed, or are about to change, let’s get together to discuss your next steps.


Selling a home

We have a complete end to end program to help with senior transitions. For more information go to http://socalseniortransitions.com/

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREEor go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

Text Sell to 951-395-8057 and learn more about why you should sell your home with Team Olsewski.


Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!

Text Buy to 951-395-8057 and learn more about why you should buy your home with Team Olsewski.

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Phone: 951-506-5744
Dated: July 7th 2017
Views: 233
About Tom: Tom Olsewski, Licensed Realtor and Team Leader. Our Team specializes in Southwest Riverside County. ...

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Coldwell Banker - Team Olsewski
32675 Temecula Parkway Suite A
Temecula, CA
951-395-8057
888-386-4035