Downsizing for Senior Citizens
The "Boom" Generation, all 77 million, started turning 65 years old in 2011, and in 2015 there will be another 3.6 million people (this group will be increasing in numbers each year for next TEN years!).
The Generation after, Gen "X", are a group of 44 miliion people, and started buying their "move-up" homes in 2009, this year, in 2015 there will be 3.5 million 44 year olds (this group will be declining for next 5 years).
and the Echo Boom, or Generation "Y" (mostly Boomer's children) all 82 million of them just started to buy their 1st home in 2009. This group of 30 year olds will be increasing each year for the next SEVEN years!
If your home is too costly to maintain, too many steps, too far from family and friends, or the taxes are just too high, maybe now is the time to downsize...
It may even be possible to turn your house into income, to increase your cash flow, while making your lifestyle a more pleasant one!
It is important to note that there is NO LONGER a requirement to purchase a larger or more expensive home in order to avoid capital gains taxes! For most people the exemption is $250,000! and can be used more than once!
Call me for a no obligation consultation, and I'll give you some ideas that may really surprise you!
Bud Crane has been Serving the Southern NJ Real Estate Community for 30 years!
Call Bud at 1-856-424-4040 ext 133 or the cell - 609-760-9645
or email: firstname.lastname@example.org