Lifestyles over 50 Finance & Money
Similar to younger generations, seniors are an active demographic in the real estate market. Whether downsizing or moving closer to family, seniors need and desire to transition into a new home for reasons unique to their circumstances. These unique circumstances are best dealt with by a realtor who is experienced in working with seniors. Below are key traits to look for in a real estate professional when helping you buying or selling a home. Knowledge of the area.
Many older adults want to be close to their doctors, shopping and other amenities to limit their need to drive. Additionally, they want to be in safe neighborhoods and have low property taxes. Some desire to be in special communities or neighborhoods like active adult communities and other housing complexes. Patience and listening skills.
Seniors are more conservative and risk sensitive than younger generations. Additionally, they are experienced and they have a lot of questions that first time home buyers would never know to ask. A real estate agent looking for a quick sale will not have the time to effectively work with discerning buyers who methodically evaluate their options. Network of trusted professionals. Seniors have unique needs and desires and may request help in selling or buying a home. This may include purging properties of accrued belongings, senior move management, real estate staging or affordable and experienced contractors to prepare a home for sale. A good real estate agent has a list of trusted professionals that they work with on a regular basis to meet clients’ needs.
Elissa Clausnitzer, SRS is a licensed Realtor with Weichert Realtors and has over 30 years of experience in real estate. Elissa specializes in working with boomers and seniors and helping them achieve their goals in their next step in life. Happy Veterans Day! For veterans looking to purchase real estate
Elissa can help you too. She works with several qualified VA lenders who routinely help vets finance purchases.