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Senior Living 55+ Communities

by Tom Townsend, Denise Townsend Group

 

In the months to come I will be blogging about Senior 55+ communities.  Denise and I both have concerns over our aging parents, family members and friends who have large, multi-story homes that are getting to be difficult for them to maintain.  As parents (& grandparents!) ourselves, we see the difficulties of being empty nesters, of owning a larger home, a big yard and yes, someday those second story stairs being an issue.  We don't know if the day will come when we have to down-size, but it may come.

This is why we are so interested in Senior Living communities and Single-Level Living.

So, what is a 55+ community?  Also known as senior living communities, retirement communities, affinity retirement communities, active adult communities and more, these communities are for people who want to live by other like-minded individuals with interests and lifestyles much like their own.  Don't confused these communities with retirement homes or nursing homes.  They are not and far from it.  These communities are considered by some as a transition - from working every day, taking care of children and the home for decades - to downsizing and enjoying life during retirement without the worries of a lot of home maintenance.

The law.  The US Department of Housing and Urban Development (HUD) and the Housing For Older Persons Act, says that housing in these communities must include at least one person over the age of 55 in at least 80% of the occupied units.  This means that the spouse can be under the required age.  These communities are usually noted as "age-qualified" in their marketing campaigns.  Also, no one under the age of 19 may be a permanent resident.  Other types of communities are termed " age-targeted", which should not be confused with age-qualified.  These are not solely 55+ communities.  These allow younger couples with kids to live there as well .

Almost 80 million Baby Boomers are in the process of retiring in the United States.  Most senior communities are changing to keep up with the times.  They won't be like the ones our grandparents may have lived in. 

 

Next Blog:  The Benefits of Senior Living Communities

 

Tom Townsend, Broker, SRES

Denise Townsend Group

Keller Williams Sunset Corridor

1915 NW Amberglen Pkwy #250

Beaverton OR 97006

503-504-3961

Why sell your Portland Oregon home during the winter months?

by Tom Townsend, Denise Townsend Group

People who look for homes this time of year are serious buyers.  While most buyers are hibernating, the serious buyer is finding their dream home.

Weather and daylight hours no longer affect home searches.  9 out of 10 buyers search for homes on the internet, saving themselves time running around viewing homes.

There are fewer homes on the market.  Less listing competition generally means more money for you.

Buyers generally have more time to look, especially current home owners.  Home improvements, maintenance and enjoying the back yard don't happen often this time of year.  There are fewer school activities happening.   Many buyers this time of year don't have children to relocate in schools. 

January is the biggest transfer month for companies.  Relocating buyers want a home immediately.

Getting your home under contract during the winter months allows you more time to start searching for your next home as the new spring listings come on.  This is a big advantage over buyers who need to sell their home to seal the deal.

It's generally the slowest period of time for real estate agents, so they will devote more time to your listing.

Typically, lenders are less busy this time of year so they can process loans faster.

Currently, mortgage rates are still low.

The upcoming changes in loans for buyers this spring may inhibit them from buyer later on.

Remodeling, decorating, appliance installation and other services are typically more available and less expensive.  A plus for buyers and sellers who want to make improvements or get something repaired.

With fewer listings on the market, homes stand out more to buyers and decisions are made quicker.

 

 

Tom Townsend, Broker, SRES

Denise Townsend Group

Keller Williams Sunset Corridor

1915 NW Amberglen Pkwy #250

Beaverton OR 97006

503-504-3961

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