In The Recent Month I Have A Been On A Few Listing Appointments Where The Seller's Are Interested In Downsizing. They Are Either Downsizing Square Footage, Acres, To Ranch Homes, or Taxes. Due To The Economy Some Of The Baby Boomer Generation Have Decide Enough Is Enough I'm Going Out And Enjoying Life! They Are Relocating To Other Areas That Have Cheaper Home Values And Can Travel To Visits Friends And Family.
There Are Some People In A Different Situation; They Have To Sell & Are Moving In With Children Or Are Putting On An In-Law Suite. With Taxes, Health Care, And Just About Everything Else Increasing This Is Coming To Be The Best Decision For Everyone.
My Parents Have Lived With Me For The Past Four Years. This Was Due To Financial Issues. It Works For The Most Part.
Is This An Over Market Trend We Are Seeing? Are You Seeing This In Your Part Of The Country?
Looking To Sell In The Bucks And Montgomery Counties Of Pennsylvania Contact Marcie Purcell 215-534-2539 and Linda Tremblay 215-534-2369
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Marcie - In the Lehigh Valley, I'm not necessarily seeing folks downsize per se... but I'm certainly seeing them much more conservative in their price range than before.
Thanks Jason, Some of the homeowners that I have been dealing with will be using cash from selling their homes.
Yes, I am seeing some of this. Were as 2 or 3 years ago everyone was looking for more and better. Now, the attitude seems to be going to more of "well, I don't have to have that if I can save some $).
I am seeing some of this but i wouldnt say more than normal
I only know of one case and it only came about because of a bad stock broker who placed a 76 year old womans whole investment funds in stuff he was invested in. Poor poor choice. Now she has to sell her home...