The Baby Boom generation represents an important opportunity for real estate professionals to serve a rapidly growing market of people who are motivated to sell their current home and buy a different one for retirement — one that’s “right-sized,” and may be closer to friends and/or family. Learn how the reverse mortgage for purchase home financing solution can make it easier for homebuyers age 62 and older to buy a home that better fits their retirement needs and wants.
According to the 2015 National Association of Realtors® Home Buyer and Seller Generational Trends study, Baby Boomers represented 31 percent of all buyers in the past year. About half of these are “older Boomers” — ages 61 to 69. In addition to the Baby Boomers, the Silent Generation (ages 70 to 89) constitute another 10% of all buyers. Research firm HouseCanary points out, “Boomers have historically fueled the housing market as they entered each stage of life,” and this generation will “fuel household growth over the next 20 years due to significant wealth and high homeownership rates.” To learn more about how reverse mortgage real estate purchases can help your business grow, and to connect with a loan officer who's licensed in your area, please contact Melissa Jedlicka, Relationship Manager, at 877-240-1080 or firstname.lastname@example.org.
RMF offers products and services relevant to the work of certified Senior Real Estate Specialist® (SRES®) professionals. You can find RMF listed in the SRES® member search directory by clicking here.
A SRES® is a Realtor® with special qualifications to assist seniors in housing sales and purchases. The SRES® designation is awarded only to Realtors® who have successfully completed a series of educational courses on how to help seniors and their families with later-in-life real estate transactions. They also draw upon the expertise of a network of senior specialists, such as estate planners, certified public accountants (CPAs), and eldercare lawyers, and are familiar with local community resources and services. Their mission is to help upon the expertise of a network of senior specialists, such as estate planners, certified public accountants (CPAs), and eldercare lawyers, and are familiar with local community resources and services. Their mission is to help seniors and their families navigate the maze of financial, legal and emotional issues that accompany the sale of a home.