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Category: Senior Market

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The Hidden Advantage Repeat Buyers Have Right Now

Written by Aventura FL Mortgage Syndicated User on . Posted in Aventura FL Condo Financing, Aventura FL Mortgage, Aventura FL Mortgage Rates, Downsize, Equity, For Sellers, Senior Market.

What if you didn’t have a mortgage payment on your next house? It may sound a little unrealistic. But for a number of homeowners, it’s actually doable.Nearly 3 in 10 homes purchased today are bought in cash, according to the National Association of Realtors (NAR). That’s far more than the pre-pandemic norm (see graph below):So, how are so many buyers pulling that off? The answer is simple: home equity.Back in 2020-2021, mortgage rates and the number of homes for sale were both at all-time lows. And that combination pushed home prices up, fast.If you owned a home during that time, it likely...

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How Your Equity Could Help Younger Generations Buy a Home

Written by Aventura FL Mortgage Syndicated User on . Posted in Aventura FL Condo Financing, Aventura FL Mortgage, Aventura FL Mortgage Rates, Equity, For Sellers, Senior Market.

For a lot of parents or grandparents, watching a family member struggle to buy their first home right now is hard. That’s because you saw firsthand how homeownership gave your life more stability and helped grow your net worth – and you want your loved ones to have those same opportunities.But with all the affordability challenges in recent years, that can feel like an uphill battle – even though it’s slowly improving lately. Here’s what you may not realize. You may be in a unique position to help (thanks to the equity in your current house).The Equity Advantage You May Not Be...

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Why So Many Homeowners Are Downsizing Right Now

Written by Aventura FL Mortgage Syndicated User on . Posted in Aventura FL Condo Financing, Aventura FL Mortgage, Aventura FL Mortgage Rates, Downsize, Equity, For Sellers, Senior Market.

For a growing number of homeowners, retirement isn’t some distant idea anymore. It’s starting to feel very real.According to Realtor.com and the Census, nearly 12,000 people will turn 65 every day for the next two years. And the latest data shows as many as 15% of those older Americans are planning to retire in 2026. And another 23% will do the same in 2027.If you’re considering retiring soon too, here’s what you should be thinking about.Why Downsize? Now’s the perfect time to reflect on what you want your life to look like in retirement. Because even though your finances will be...

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You May Have Enough Equity To Downsize and Buy Your Next House in Cash

Written by Aventura FL Mortgage Syndicated User on . Posted in Aventura FL Condo Financing, Aventura FL Mortgage, Aventura FL Mortgage Rates, Downsize, Equity, For Sellers, Infographics, Senior Market.

Some HighlightsHave you been holding off on downsizing? If so, you should know your equity could make your move possible.Homeowners today have so much equity that a record number are buying their next house in all cash. And that has some big benefits like making their offer more appealing, potentially closing faster, and not having a mortgage payment.To find out how much equity you have in your current house, connect with a local agent. Because it may be enough to fuel your move.

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Planning to Retire? It Could Be Time To Make a Move.

Written by Aventura FL Mortgage Syndicated User on . Posted in Aventura FL Condo Financing, Aventura FL Mortgage, Aventura FL Mortgage Rates, Baby Boomers, Demographics, For Sellers, Move-Up Buyers, Senior Market.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today,...

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