![]() I believe that Baby Boomers are looking to purchase very different types of properties than younger people - especially people in their 20s and 30s, and new families with young children." I'm hoping that prospective home buyers will not read the article published on and get discouraged. So in a bidding war, the cash buyer is often the one who wins. "Home sellers often prefer to sell their homes to individuals offering to buy the properties in cash instead of with mortgages. Although The Home Loan Arranger understands that the Baby Boomer generation does not want the responsibility of making monthly mortgage payments, he also believes that Baby Boomers are vying for different types of real estate than individuals in younger generations. Jason Ruedy to start a discussion on the same matter. Now that a large percentage of these individuals have paid their original mortgages in full, and home values have gone up significantly over the course of 30 years, they are selling their existing homes for huge profits and purchasing retirement homes with the cash earned from selling.Īn article published on on Jentitled, "Cash Deals for Homes Reach Record with Boomers Retiring" prompted Mr. ![]() Many Baby Boomers purchased real estate for the first time in the early 1980s, when the median price for homes was significantly lower than it is in 2014. Ruedy, also known as The Home Loan Arranger, is keenly aware that many members of the "Baby Boomer" generation (individuals born between 19) are presently selling their existing homes - which have significant equity - and purchasing replacement homes with cash. ![]() Denver, Colorado (PRWEB) J- Mortgage lender, Jason M.
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