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What is Important to Boomers when Selling their House?

Thursday, June 6, 2019   /   by Shaun Radcliffe

What is Important to Boomers when Selling their House?

What is Important to Boomers when Selling their House? | MyKCM


If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may be ready to move into a home that better fits your current lifestyle. Many fellow boomers have already made the move you may be considering.

The National Association of Realtors recently released their 2019 Home Buyer and Seller Generational Report. The report revealed many interesting tidbits about both categories of baby boomers: younger boomers (ages 54 to 63) and older boomers (64 to72). Here are a few of the more interesting topics.

Percentage of Buyers who Looked Online First

    • All Buyers: 44%
    • Younger Boomers: 46%
    • Older Boomers: 44%

Where Boomers Found the Home They Purchased

The two major ways buyers found the home they purchased:

    • All buyers: 50% on the internet, 28% through a real estate agent
    • Younger Boomers: 46% on the internet, 33% through a real estate agent
    • Older Boomers: 36% on the internet, 35% through a real estate agent

Distance Seller Moved

The distance between the home they purchased and the home they recently sold was much greater for boomers than the average seller.

    • All sellers: 20 miles
    • Younger Boomers: 27 miles
    • Older Boomers: 50 miles

Tenure in Previous Home of Seller

The percentage of older boomers who lived in their previous home for more than 20 years was almost twice the amount of the average seller.

    • All sellers: 16%
    • Younger Boomers: 20%
    • Older Boomers: 31%

Primary Reason to Sell their Previous Home


    • Want to move closer to friends or family
    • Home too large
    • Retirement

View of Homeownership as a Financial Investment


    • 83% of Younger Boomers see homeownership as a good investment
    • 82% of Older Boomers see homeownership as a good investment

Bottom Line

If you are a boomer and thinking about selling, now might be the time to contact an agent to help determine your options.

Coldwell Banker Residential Brokerage - Radcliffe & Associates
Shaun Radcliffe
21580 Yorba Linda Blvd
Yorba Linda, CA 92887
1-714-497-0160
DRE# 01923712




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Glenn Hemry
2855 Michelle Dr., Suite 190
Irvine, California 92606
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Based on information from California Regional Multiple Listing Service, Inc. as of September 30, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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