a person moving brings a box into a living room to unpack it during moving day

Who is Buying homes Right Now?

In Buyers, Golf Course Living, Homeowners, Sellers by Doug Phelps

In my daily work, I work with a variety of clients in all different stages of life and I love getting to know people and their specific journeys.  The relationship between agent and client can be very personal and I really love helping clients reach their real estate dreams.  As chances are you fit into one of the following categories, here are some tips and interesting facts I’d like to share with you today.

Families in Transition

Lets face it, life comes at us fast and things don’t always go as planned and a home buying journey often reflects that change of plans.  Sometimes we have an unexpected increase in family size or aging move back in and need more space. Or on the flip side, families who go through a divorce or have adult children move out then we need less space.  Whatever the case is, I enjoy helping people through transition and starting them off on the right foot in their new journey.  

Some tips for families in transition include: 

  • If the change is very recent, give yourself some time to determine your next best steps.  Lets have a conversation, I can help and offer advice
  • Determine your space needs and what is best for you and your family in the long-term. Again, I can help!
  • Lets brainstorm about your wishlist, we can determine what fits your new lifestyle

Professionals

Looking at home buyer demographics, the average age of the first time home buyer in the Denver real estate market is 33.  By this stage in life many young professionals may have a healthy savings account and will be tired of renting and want to put down roots in the way of a home of their own.  If a young professional has recently been rewarded with a promotion or paid off certain debts, their buying power increases greatly and buying a home is a great next step.  Some young professionals may be looking to start a family in a few years, while others are more focused on being closer to their friends and recreational activities and I love helping with both. 

Some tips for the professional include: 

  • Determine your budget and decide how much you want to put down and pay monthly
  • Make a wishlist of your dream home of things you’ve always imagined being in your home whether this is a rec room or a community pool 
  • Determine location: if you are a remote worker than you have more freedom to choose location as opposed to someone who has a commute

Empty Nester, Baby Boomers and Retirees

Last week, The Wall Street Journal published an article profiling retirees around the United States and surprisingly it turns out that many empty nesters, who are baby boomers and retired, are moving out of the quiet suburbs and into the bigger cities in their states.  It turns out that many retirees are now looking to live downtown and be closer to the excitement that a big city offers.  Downtown living offers the opportunity to walk to shops, museums, restaurants, city parks and nightlife fun.  There are a few other communities in the suburbs too that can offer this kind of lifestyle, either nearby or via access to the light-rail. Many of my clients who fit this demographic also love looking at properties on a golf course, which is a speciality of mine.  Golf course living provides a well-kept community with great amenities and the chance to connect with neighbors through golf games and other neighborhood activities.    

Some tips for the Empty-Nester Buyer include: 

  • Make a wishlist for what you are looking for in a home.  These could include having a smaller yard, moving across the city or having a yard for a pet
  • Establish how much space you need.  Many empty-nesters are looking to downgrade in space and splurge on other luxuries
  • If you own a home already, figure out if you are also selling that or keeping it as rental property

Do you fit one of these demographics and have questions about the current market?  Are you in the market to buy or sell your home?  Call and text me at (720) 323-4176 or email me at [email protected]