Real estate agents have noted an increasing number of empty nesters circulating through Sunday open houses. About one-third of the visitors at one open house were middle-aged or older folks who were investigating the possibility of trading down to a smaller home. The unique characteristics of this home were it's location close to shops and cafes, and it's one-level, level-in layout. The motivating factors for many trade-down buyers are reducing the cost of home ownership, living in a more user-friendly home, and having money left over to help fund retirement. Often the ideal home is smaller and has fewer levels than the current home, is in a safe location and is convenient to shops and transportation. In some areas, finding a suitable home is more difficult than you might imagine. One problem is that move-down buyers often find themselves in competition with first-time buyers. In general, there's usually more demand for lower-priced, smaller homes that there is for higher-priced homes...
by Andrew Wetzel | on Mar 22, 2017
by Gill South | 19 hours
by Brad Inman | 3 days
by Andrea V. Brambila | 1 day
by Brad Inman | on Mar 21, 2017