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Baby Boomers' Wave to Downsize   As the first groups of baby boomers gracefully rides the wave of aging, they are setting new trends in the housing market, giving birth to what experts fondly refer to as the "Silver Tsunami."  This phenomenon is not merely about a change in address; it's a lifestyle transformation tailored to meet the unique needs of the golden years.   With approximately 10,000 people reaching the age of 65 every day, the United States is witnessing an unprecedented demographic shift. By 2030, all baby boomers will have passed this milestone.  The Silver Tsunami is, in essence, a testament to the demographic strength of the baby boomer generation. Born between 1946 and 1964, this generation has played a pivotal role in shaping American society at every stage of life. One of the fundamental aspects of this is the desire for aging Americans to remain in their homes, a concept known as "aging in place."  And, this doe

Downsizing: Preparing to Retire

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Some Highlights If you're about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses. Smaller homes could have lower energy and maintenance costs. Plus, you may have enough  equity   built up to fuel your move. If you're thinking about moving to a smaller home, connect with Connie Sadowski 614.943.0025 conniesadowski.com to go over your goals and look at your options in the local market.
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Not All Baby Boomers Plan To Move Plenty of baby boomers don't plan on   moving   at all. A   study   from the   AARP says more than half of adults aged 65 and older want to stay in their homes and not move as they age ( see graph below ): While it's true circumstances may change and some people who don't plan to move ( the red in the chart above)   may realize they need to down the road, the vast majority are counting on aging in place.   As for those who stay put, they'll likely modify their homes as their needs change over time. And when updating their existing home won't work, some will buy a second home and keep their original one as an investment to fuel generational wealth for their loved ones. As an article from   Inman explains : "Many boomers have no desire to retire fully and take up less space . . .   Many will modify their current home, and the wealthiest will opt to have multiple homes."

Top 5 Reasons You Need Me, A Realtor

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Top 5 Reasons You Need Connie Sadowski, Realtor You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions. And if you're following along, it can be pretty confusing. But here's the thing you really need to know – expert advice from Connie Sadowski of The Powell Buehler Group | Coldwell Banker Realty a trusted real estate agent is priceless, now more than ever. And here's why. A real estate agent does a lot more than you may realize.   Connie Sadowski of The Powell Buehler Group | Coldwell Banker Realty is the person who will guide you through every step when   buying a home and look out for your best interests along the way. She smooths out a complex process and take away the bulk of the stress of what's likely your   largest purchase   ever. And that's exactly what you want and deserve. This is at least a part of the reason why a   recent survey   from   Bri

Which types of showings work

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  A showing is an opportunity for a buyer to determine if a home is right for them. Each of the different types of showing plays a valid and necessary role in marketing the home. Some buyers may start by looking at homes online, which can lead them to drive by the home to see if it still meets their interest before they schedule a showing. New Build Model Homes:  Take me with you to your visits and don’t register online when looking at homes. Builders/Sellers require I, your agent represent you on first and substantial visits so it’s imperative that I make first contact!  Open Houses:  Take me with you! Make sure you give agent at open house my name and number, Im a great agent to represent you in selling buying or building your home. Online showing : This is when a buyer looks at a home's listing online, including photos, videos, and a description. This can be a great way for buyers to get a general overview of a home and see if it is worth scheduling a showing. Drive-by showing :

Central Ohio Housing Report - December 2023

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  December saw a 5.7% decrease year over year in closed sales as the median sales price rose 7.3% in the latest Central Ohio Housing Report from Columbus REALTORS® As the central Ohio housing market embarks on a new year, we look back at the final month of 2023. In December, there were 1,917 closed sales in the Columbus & Central Ohio Regional MLS, a 5.7 percent decrease over December 2022. The median sale price grew to $295,000, a 7.3 percent increase year-over-year.   In the peak of summer sales, homes in the region were spending about 17-18 days on the market. In December, that number rose to 30 days, the highest number since March.   The total inventory of homes for sale surpassed 3,000, marking a 9.7% rise over last December. Supply sits at 1.4 months, which is a 27.3 percent increase year-over-year. New listings in December were typical for a month that is traditionally sluggish in this category.  There were 1,434 new listings entered into the MLS in December 2023, which was

Why It's a Smart Move to Buy a Home in the Current Market

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  If you're in a financially stable position, now might be the perfect time to embark on your homeownership journey. Buying a home today offers several advantages, including the opportunity to build equity and stabilize your housing costs in the face of rising expenses. Explore the reasons why purchasing a home now can be a wise decision in the current market. By purchasing a home today, you can start building equity, which is an investment in your future. Additionally, opting for a fixed-rate mortgage allows you to stabilize your monthly housing costs for the long term, even as other expenses continue to rise. This stability provides peace of mind in an ever-changing financial landscape. While housing costs experienced significant increases in 2021 due to a combination of factors, such as inflation, high demand, and low supply, the market has since moderated. If you decide to buy now, you can expect relatively stable house prices and potentially face less competition from other bu