{"id":2308,"date":"2019-06-06T05:00:03","date_gmt":"2019-06-06T10:00:03","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/what-is-important-to-boomers-when-selling-their-house\/"},"modified":"2019-06-06T05:00:03","modified_gmt":"2019-06-06T10:00:03","slug":"what-is-important-to-boomers-when-selling-their-house","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/what-is-important-to-boomers-when-selling-their-house\/","title":{"rendered":"What is Important to Boomers when Selling their House?"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/20112638\/20190606-Share-KCM-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"What is Important to Boomers when Selling their House? | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>If you are a \u201cbaby boomer\u201d (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may be ready to move into a home that better fits your current lifestyle. Many fellow boomers have already made the move you may be considering.<span id=\"more-39909\"><\/span><\/p>\n<p>The <em>National Association of Realtors<\/em> recently released their <a href=\"https:\/\/store.realtor.org\/product\/report\/2019-nar-home-buyer-and-seller-generational-trends-report-download\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">2019 Home Buyer and Seller Generational Report<\/a>. The report revealed many interesting tidbits about both categories of baby boomers: younger boomers (ages 54 to 63) and older boomers (64 to72). Here are a few of the more interesting topics.<\/p>\n<h4><strong>Percentage of Buyers who Looked Online First<\/strong><\/h4>\n<ul>\n<li>All Buyers: 44%<\/li>\n<li>Younger Boomers: 46%<\/li>\n<li>Older Boomers: 44%<\/li>\n<\/ul>\n<h4><strong>Where Boomers Found the Home They Purchased<\/strong><\/h4>\n<p>The two major ways buyers found the home they purchased:<\/p>\n<ul>\n<li>All buyers: 50% on the internet, 28% through a real estate agent<\/li>\n<li>Younger Boomers: 46% on the internet, 33% through a real estate agent<\/li>\n<li>Older Boomers: 36% on the internet, 35% through a real estate agent<\/li>\n<\/ul>\n<h4><strong>Distance Seller Moved<\/strong><\/h4>\n<p>The distance between the home they purchased and the home they recently sold was much greater for boomers than the average seller.<\/p>\n<ul>\n<li>All sellers: 20 miles<\/li>\n<li>Younger Boomers: 27 miles<\/li>\n<li>Older Boomers: 50 miles<\/li>\n<\/ul>\n<h4><strong>Tenure in Previous Home of Seller<\/strong><\/h4>\n<p>The percentage of older boomers who lived in their previous home for more than 20 years was almost twice the amount of the average seller.<\/p>\n<ul>\n<li>All sellers: 16%<\/li>\n<li>Younger Boomers: 20%<\/li>\n<li>Older Boomers: 31%<\/li>\n<\/ul>\n<h4><strong>Primary Reason to Sell their Previous Home<\/strong><\/h4>\n<ul>\n<li>Want to move closer to friends or family<\/li>\n<li>Home too large<\/li>\n<li>Retirement<\/li>\n<\/ul>\n<h4><strong>View of Homeownership as a Financial Investment<\/strong><\/h4>\n<ul>\n<li>83% of Younger Boomers see homeownership as a good investment<\/li>\n<li>82% of Older Boomers see homeownership as a good investment<\/li>\n<\/ul>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you are a boomer and thinking about selling, now might be the time to contact an agent to help determine your options.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are a \u201cbaby boomer\u201d (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2309,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Important to Boomers when Selling their House?&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/what-is-important-to-boomers-when-selling-their-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Important to Boomers when Selling their House?&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you are a \u201cbaby boomer\u201d (born between 1946 and 1964), you may be thinking about selling your current home. 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