Why Are So Many Seniors Looking to Sell Homes?
More and more seniors move each year. According to a recent study, about 7% of homeowners over the age of 65 move each year, and while that may not sound like much, consider the fact that by 2030, there will be about 72.1 million people in this age range. This means that in the year 2030, more than 5 million older persons will move.
What’s interesting, though, is that while each situation is unique, many seniors often wind up looking to sell homes for similar reasons. Here are just a few.
Many seniors move so that they can live closer to their family. According to one recent survey, 35% of seniors who moved to another state reported that they did so for family reasons. Whether it’s to be closer to grandchildren, to be with sick siblings, or simply to just follow the family when they move for a new job, many seniors often choose their families over their homes.
Another common reason seniors begin looking to sell homes is because they’re retiring. The same study mentioned above found that 13% of seniors who moved out of state did so because they were retiring, and why wouldn’t they? Houses are a ton of trouble to maintain. Who wants to spend their retirement years — their golden years, as they’re called — working to fix a house up? Retirement is meant to be enjoyed, not spent working somewhere else.
Access to Quality Care.
Perhaps the main reason so many seniors begin looking to sell homes is to move somewhere where there’s quality care. As we get older, our bodies don’t work quite as well, and, consequently, we may need more medical help than we’d like to admit. Many seniors looking to sell homes are doing so because they need to move into a retirement community, where they can get the help they need while keeping their independence.
These are just a few of the reasons countless Americans are looking to sell homes. If you want to be closer to family, are retiring, or need access to quality care, then you may want to consider selling your house fast to cash buyers of real estate, who can make quick home sales effortless for you.
If you know any seniors want to sell their home please call us at 314-926-0660 or fill out this form