Why do seniors choose to relocate?

It used to be that a family stayed in a home for 50+ years moving out only when necessary, but times have certainly changed. Couples and individuals are healthier longer and when they decide to move, it’s not necessarily a move to live with a child or into a senior living facility. 

The National Association of Realtors’ 2021 Generational Trends Report shows the changing priorities of today’s seniors.

• 1/4 or more of seniors surveyed cite the desire to live closer to family and friends as their primary reason for relocating.  The second most cited reason is that they consider their existing home too large.
• More than 1/2 of seniors surveyed say their top consideration when looking for a neighborhood is the quality of the neighborhood. Coming in second is its proximity to friends and family and third is its convenience to shopping and health facilities.
• When asked about factors causing a buyer to move, 1/4 of 66-74 year olds and 1/3 or 75-95 year olds say a household members health is the primary reason.
• Among those considering senior-related housing, today’s seniors are looking for detached single family houses located in a suburb.

Understanding what seniors want and need in their next homes is what Senior Real Estate Specialists do best. They specialize in knowing what homes and communities work best for seniors who want accessibility, convenience and security in their future neighborhood.

The survey also revealed that seniors contact agents as a first step in the home search process, take the longest (an average of 10 weeks) to search, and ultimately view fewer homes than younger home buyers. Seniors want a realtor with the expertise to make the homebuying process as stress-free as possible.  Atlanta Seniors Real Estate is one of the best at understanding how best to serve senior homebuyers. Contact us for a complimentary consultation to learn how we can help you with your next real estate transaction.