Boomers and Beyond at the Beach...in Delaware. by Active Adults Realty

Where do our buyers come from? In Coastal Delaware, so many of the new Buyers now come from outside Delaware and have limited local knowledge about our communities, builders or lifestyle. On top of that, quite a few Baby Boomers have been in their current home for 20 years or more, so it’s been a long time since they bought a home. Now that I have been a REALTORâ„¢ for 10 years, I am taking the courses necessary to become a Broker. Taking these classes at this time in the housing market is a real reminder to me of just how critical our knowledge and experience can be to a Buyer.

The Laws are different

The laws governing real estate are so different in each state. For example, Delaware is an Attorney State which means that real estate settlements are handled by an Attorney. States like Maryland and Virginia are Title States and settlements are handled by a Title Company. (more…)


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What did our Buyers buy so far this year? Most of our clients are Baby Boomers over 55 that are relocating to Delaware as they near retirement. We did this same analysis last year and the statistics are similar but 6% more have chosen an age restricted community this year. We also worked with 3 times more buyers in 2011 than in either of the previous two year!Senior Couple

In 2011:

  • 31% of our Buyers bought a home in a 55+ Active Adult Community
  • 69% of our Buyers bought homes in a community with no age restriction

In both 2009 and 2010:

  • 25% bought in a 55+ community
  • 75% bought in all ages communities or in town

It’s not that we don’t know what we want, but there are so many more options. We make sure that our clients get the chance to consider all their options before making that big decision:

  • Active Adult Community or All Ages Planned Community
  • New Construction or Resale Home
  • Build now or Buy a Lot and Build Later
  • Live in town or at the beach
  • Be among the first in a new community or find one that is nearly complete

There is something for everyone and everyone is different. That’s what makes working with our Buyer clients such FUN!

 

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