Tis the Season to be Jolly for Home Sellers In The Villages

All signs are pointing to the next several months becoming one of the best times for homeowners needing to sell that we have seen in many years. With real estate markets recovering all across the nation, its freeing up homeowners who have been waiting for their homes to sell so they can move to their dream location in Florida.

What’s causing the improvement? One factor is the lowest long term fixed mortgage rates on record. Even through 2/3 of Villages’ buyers pay cash, often their cash comes from the equity through the sale of their homes. The buyers of those homes are usually getting financing. Despite what you sometimes hear on the street or from the news media, many buyers can get financing and lenders are making loans. Qualified buyers can get more house for their monthly payment and they can end up paying much less in a mortgage payment than they pay in rent, even with taxes and insurance included in the payment.

There is a new tool for buyers who didn’t get as much equity out of the sale of their home as they had hoped. Its called a Reverse Mortgage Purchase.  This allows buyers age 62 and over to make a down payment, put a reverse mortgage on the house they want as a purchase, and not have mortgage payments the entire time they live in the home. Sound too good to be true? It’s real, and it’s gaining popularity among buyers. Now let’s talk about the demand. Most of us know about the famous baby boomer generation, (the 78 million of us that were born between 1946 and 1964.) Well, now we are 48 to 66 years of age and at least 20% of us are predicted to move as soon as we retire. And we love the sun, so we are moving to Florida in larger numbers than ever. What better place for a fun filled retirement than The Villages? We are ready to celebrate and this place is the ultimate and most unique place to retire and have a great time! Many of our friends are already there and we want to join them.

This huge demand for retirees is creating a bit of a shortage even before the “season” this year, so this is good news for those who want to sell. If you are reading this and have been thinking of selling your home, it’s time to give us a call to see what your home is worth. This will be the best season in years to get your home sold, so let’s get moving!

Nancy Deichman, CRS, GRI, CDPE, SRES
Broker/Owner RE/MAX Premier Realty
13940 N US HWY 441, Bldg 800
The Villages, FL 32159
Cell:  352-427-5704
nancydeichman@remax.net

 

This article can be found on page 21 of the October issue of  Matters Of The Home – The Villages Edition.