Are Baby Boomers Downsizing?


Image

Research shows that there are absolutely more baby boomers looking to downsize in the next coming years.

If you are approaching, or within the age of 55 - 65+, you may be one of the many people pondering the benefits of downsizing or even just relocating. According to a 2016 survey by Freddie Mac, one in five baby boomers plan to sell their home and rent a new one.

Enter Your Address to

GET YOUR FREE CASH OFFER

  • Hidden
  • This field is for validation purposes and should be left unchanged.

Here Are The Four Common Reasons Why Baby Boomers Are Downsizing:

1. Repairs, Maintenance and Damage….O My!

Many of our clients prolong the selling process because they are aware of the hassle that selling a home can be. That is until something goes wrong, such as a flooded basement or leaking roof. Not to mention the upkeep of lawns and landscaping. All of these inevitable home owning issues can be too stressful than the home is worth. Baby Boomers are realizing that it makes more sense to downsize into a property that is more low-key.

2. Baby Boomers and the City

The appetite for community and urbanity is strong for baby boomers looking to relocate. Cities offer cheaper housing options, more activities and a deeper sense of community. While downsizing may be unavoidable when moving to a tightly populated city, it can also offer a higher standard of living for some baby boomers.

“Many of our clients who are in or near retirement like the idea of downsizing and moving into the city, or closer to the city, and they know it will be less expensive than maintaining a large home,” says TN Homebuyers owner, Andy McFarland.

3. To Rent or Own? That is the Question.

The rent-or-own decision had become a common dilemma for baby boomers in recent years. It seems to make financial sense to rent because it eliminates high condo fees or having to pay for repairs. More and more baby boomers continue to sell their homes and move into apartments or town homes.

Linda Johnson, a former client of TN Homebuyers, has said “my husband and I opted to move into an apartment. We quickly discovered that the services provided and the freedom from maintenance alone was exactly what we needed.”

4. The Second Home

Another common reason we hear baby boomers looking to downsize is because they would like to own, or already own, a second home. Joyce Luther, another client of Enlight, told us “We own a second home in Italy and downsizing gives us the financial flexibility to be gone for months at a time if we want.”

The TN HomebuyersDifference

Whether it’s a financially savvy decision or simply the only solution, many baby boomers are choosing to downsize when it comes time to plan for retirement.

TN Homebuyersprovides the easiest and fastest solution for baby boomers to sell their house fast for cash. No repairs, maintenance or cleaning necessary. We know you have other things to look forward to then all the hassle and expense of selling a home.

55+ Homeowners Plans for 2020

Image
Live in my current home the rest of my life.
Image
Move closer to other family members
Image
Move closer to children or grandchildren
Image
Move to a warmer climate
Image
Move to a Retirement Community
Image
Move in with adult children

Enter Your Address to

GET YOUR FREE CASH OFFER

WHAT OUR CLIENTS SAY

Testimonials from those we've helped


“We called TN Homebuyers because we liked the idea of being able to sell these without a lot of hassles. We really just wanted to be done with it all. They come up with something that would work for all of us and they made it so simple. There were several family members and they made the closing process easy for everyone, and we all had our money in just a few days. I would recommend them to anyone.”

– Rhodes Family

“It was quick and easy. One of the most reputable home sellers in the state and they live up to there name. I have this duplex and I didn’t have the time to deal with the tenants that were there. It was out of repair and I don’t want to deal with it anymore. I was dealing with codes being called on the tenant and was just tired of it. I loved working with the team and communicated with me with updates as needed. A great experience overall.”

– C. Hughes

“TN Homebuyers helped us sell our rental home without having to do a single thing. We looked at all of our options and decided that Tommy could provide the best and easiest solution. We were able to sell our home quickly with no hassles for a fair price and will call again when we are ready to sell another home. Thanks for everything.”

– S. Payne

Call Now to Get Your Free Cash Offer!
Call 615-299-5525