Did you know? 📊 3.6 million Baby Boomers are expected to downsize by 2037. 📦 64% of retirees will move at least once during retirement. 🏠 51% of retirees aged 50+ have already moved into smaller homes. 📉 41% of retirees plan to downsize in their next move. 💡 Age 61 is when most retirees feel free to choose where they truly want to live. 📦 While downsizing brings many...
Older Buyers Are Driving the Real Estate Market! 🏡 The 2024 Profile of Home Buyers and Sellers from the National Association of REALTORS® revealed some record-breaking trends: 📊 53% of all home buyers were age 55 and over. 📈 The median age of home buyers rose to 56 years (up from 49 last year). 🔑 The typical repeat buyer age is now 61 (up from 58). 🏠 19% of buyers over 60...
https://youtube.com/shorts/tvXdt-sghJY?si=gfmIVJY_zdlohOWj Real Estate Keynotes: Rider A rider is an addendum or attachment to a contract that adds specific terms or conditions. Riders allow you to customize the agreement to meet your needs while ensuring clarity for both the buyer and seller. For example, if you need to sell your current home before closing on the one you’re buying, you’d...
Why do people over 55 decide to downsize? These are some of the most frequent reasons that prompt a new beginning in a smaller space: 💸 Saving money: Downsizing can cut costs on mortgages, utilities, and maintenance—ideal for fixed incomes. 🌍 Living the dream: Want to travel or live near the coast? A smaller home can free up funds for the lifestyle you’ve always wanted. 🧹 Simplifying...
https://youtube.com/shorts/nYz8X3g_FVM?si=VRawiXhckiUziIHK Real Estate Keynotes: Sales Contract A sales contract is the official agreement between the buyer and seller once an offer is accepted. It outlines all the terms of the transaction, including the purchase price, contingencies, closing date, and any other negotiated details. This document is legally binding, so it’s essential to review it...
https://youtube.com/shorts/hea0VF28ye4?feature=share Real Estate Keynotes: Offer In real estate, an offer is a formal proposal you make to purchase a home. And it is not just about the price you're willing to pay. Along with the price, it outlines critical details like contingencies for inspections or financing, your proposed closing date, and other terms that can make your offer stand out. Once...
Hope your new year is off to a great start ✨🎉 If you're thinking about making some changes in your home this year, here are some anticipated home design trends in 2025. It seems like 2025 is bringing warmth and softness back into homes in the style of wood-infused touches, round shapes and warm colors 🤗 The days of all-white kitchens and gray walls seem to be fading, replaced by designs that...
Seller's Disclosure is a document provided by the seller about the home's condition, to the best of their knowledge. This can include past water damage, electrical problems, the age of the roof, etc. Be sure to review it carefully before making an offer if it's...
https://youtu.be/s64_yefAlZo?si=rAQw_fagjxsvTBUJ Real Estate Keynotes: Appraisal 💰 usually required by a mortgage lender during the home buying process. It makes sure the home's value you're buying justifies the loan amount. If it comes in lower than the offer, you may need to renegotiate the offer or bring extra cash to close the deal. If it's higher, great news for you...
https://youtu.be/E7KY993zGV4?si=iLmS3czpXMHxnkUV CMA is a report prepared by a real estate agent that provides an estimate of a property's value based on recent sales of smilar properties in the area. CMA takes into consideration property's conditions, sold prices and days on the market, for example. It helps us make informed decisions when listing a home or deciding a fair offer when buying. If...