• Real Estate Mindsets of Baby Boomers, Gen Xers and Millennials Real Estate Mindsets of Baby Boomers, Gen Xers and Millennials

    0 comments / Posted on by Steven Rivera

    Real Estate Mindsets of Baby Boomers, Gen Xers and Millennials

    The 2019 real estate market looks substantially different than it did a decade ago. The housing market has evolved each year, as the new generation became first-time home buyers and the senior generation began to downsize. Each generation has different buying behaviors, preferences and goals that are influenced by external factors such as the economy, social norms, technology and government regulation. For example, Baby Boomers are waiting longer in life to downsize than their older Silent Generation counterparts in their senior years. So how does this affect the younger generations?

    Baby Boomers

    Born between 1944 and 1964, Baby Boomers are currently between the ages of 55 and 75 and downsizing later in life.  Why? They are living and working longer than previous generations. When they purchased their home 30 years ago, they made sure it was "perfect" for all their needs. They feel the same way in 2019, which is why they don't have a reason to move.

    Based on a study by Realtor.com, “85% of Baby Boomers indicated they were not planning to sell their home” in 2018. This trend will continue, inventory will become even lower in 2019 as Baby Boomers postpone downsizing; making it more difficult for younger generations such as Millennial first-time home buyers and Gen Xers looking to upsize to a bigger home.

    When Boomers finally decide to move in 2019, they will differ from the older "isolated retirement home" trend of their previous Generation. Instead, they will look for an engaging local community populated...

    The 2019 real estate market looks substantially different than it did a decade ago. The housing market has evolved each year, as the new generation became first-time home buyers and the senior generation began to downsize. Each generation has different buying behaviors, preferences and goals that are influenced by external factors such as the economy, social norms, technology and government regulation. For example, Baby Boomers are waiting longer in life to downsize than their older Silent Generation counterparts in their senior years. So how does this affect the younger generations?

    Baby Boomers

    Born between 1944 and 1964, Baby Boomers are currently between the ages of 55 and 75 and downsizing later in life.  Why? They are living and working longer than previous generations. When they purchased their home 30 years ago, they made sure it was "perfect" for all their needs. They feel the same way in 2019, which is why they don't have a reason to move.

    Based on a study by Realtor.com, “85% of Baby Boomers indicated they were not planning to sell their home” in 2018. This trend will continue, inventory will become even lower in 2019 as Baby Boomers postpone downsizing; making it more difficult for younger generations such as Millennial first-time home buyers and Gen Xers looking to upsize to a bigger home.

    When Boomers finally decide to move in 2019, they will differ from the older "isolated retirement home" trend of their previous Generation. Instead, they will look for an engaging local community populated...

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  • What Airbnb Guests Expect What Airbnb Guests Expect

    1 comment / Posted on by Steven Rivera

    What Airbnb Guests Expect

    What will Airbnb guests expect from renting properties? Great Airbnb hosts who want to ensure their guests have a comfortable stay, should be sure to provide a few key items for them. Although some of the things in this list may appear obvious, it is amazing how easy it is to forget the basics when worrying over the online listing or pricing structure. By including the items below, guests will enjoy a comfortable stay and be likely to recommend and highly rate the Airbnb property.

    A comfortable bed
    The big bed is something that all guests love and a comfortable night’s sleep is number one on the list when guests decide if they will go back or recommend any Airbnb.  Most guests usually are out and about visiting the area and the most time spent at the property is when it's time to sleep.  After a fun filled party at night they are looking for a fabulous night's sleep. Hosts should not scrimp when it comes to the bed, mattress, pillows and linens.  A restful night's sleep is top priority!

    Tea and coffee making facilities
    Although when guests are staying in an Airbnb they do not expect hotel standards, a few amenities will always be well received and help to enhance a stay. Hosts should try to provide a kettle and a small selection of teas, coffees, sugar and sweeteners. If there is a fridge in the property it is nice to leave some milk for the guest’s convenience when they first...

    What will Airbnb guests expect from renting properties? Great Airbnb hosts who want to ensure their guests have a comfortable stay, should be sure to provide a few key items for them. Although some of the things in this list may appear obvious, it is amazing how easy it is to forget the basics when worrying over the online listing or pricing structure. By including the items below, guests will enjoy a comfortable stay and be likely to recommend and highly rate the Airbnb property.

    A comfortable bed
    The big bed is something that all guests love and a comfortable night’s sleep is number one on the list when guests decide if they will go back or recommend any Airbnb.  Most guests usually are out and about visiting the area and the most time spent at the property is when it's time to sleep.  After a fun filled party at night they are looking for a fabulous night's sleep. Hosts should not scrimp when it comes to the bed, mattress, pillows and linens.  A restful night's sleep is top priority!

    Tea and coffee making facilities
    Although when guests are staying in an Airbnb they do not expect hotel standards, a few amenities will always be well received and help to enhance a stay. Hosts should try to provide a kettle and a small selection of teas, coffees, sugar and sweeteners. If there is a fridge in the property it is nice to leave some milk for the guest’s convenience when they first...

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  • "We Buy Houses for Cash" Legit or Not? "We Buy Houses for Cash" Legit or Not?

    0 comments / Posted on by Steven Rivera

    "We Buy Houses for Cash" Legit or Not?

    You’re driving down the road and thinking about the devastating reality that you're drowning in bills and debts. You realize how quickly your available cash is dwindling when a sign that reads “We Buy Houses For Cash” catches your eye. This peaks your curiosity, could I really sell my house for almost immediate cash? You’ve thought about how to sell your house in the past but the process seems so stressful. You think about calling but it seems almost too good to be true, what’s the catch?

    Seeing flyers on telephone poles or signs that read in all bold “we buy houses” can be a bit off putting at a first glance but believe-it-or-not these companies are a legitimate part of the real estate market. The reality is, We Buy Houses companies aren’t for everyone, but can be extremely useful for those who are stuck in a predicament like the one that was just illustrated.

    These companies buy houses at slightly under market value, make necessary repairs, and sell the property for a profit. If selling the home on the market isn’t an option, this can be a great way for distressed sellers to relieve themselves from the burden of having to sell the home.

    So how exactly do these companies work?

    Buyers from the We Buy Houses companies seek out distressed sellers who may be interested in selling their house below market value in exchange for an expedited and hassle-free selling process. When a seller indicates interest in selling...

    You’re driving down the road and thinking about the devastating reality that you're drowning in bills and debts. You realize how quickly your available cash is dwindling when a sign that reads “We Buy Houses For Cash” catches your eye. This peaks your curiosity, could I really sell my house for almost immediate cash? You’ve thought about how to sell your house in the past but the process seems so stressful. You think about calling but it seems almost too good to be true, what’s the catch?

    Seeing flyers on telephone poles or signs that read in all bold “we buy houses” can be a bit off putting at a first glance but believe-it-or-not these companies are a legitimate part of the real estate market. The reality is, We Buy Houses companies aren’t for everyone, but can be extremely useful for those who are stuck in a predicament like the one that was just illustrated.

    These companies buy houses at slightly under market value, make necessary repairs, and sell the property for a profit. If selling the home on the market isn’t an option, this can be a great way for distressed sellers to relieve themselves from the burden of having to sell the home.

    So how exactly do these companies work?

    Buyers from the We Buy Houses companies seek out distressed sellers who may be interested in selling their house below market value in exchange for an expedited and hassle-free selling process. When a seller indicates interest in selling...

    Read more