User27114_2_t Claudia Wicks
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There are 76 million Baby Boomers. Boomers were born after the end of WWII, between about 1946 - 1964. Boomers have long been considered the "Me" Generation. It's been all about them for a long time. They are the generation who said, "You can't trust anyone over 30." There is a Boomer turning 60 every 11 seconds across America! They believe they can accomplish anything if they put their minds to it.

Boomers comprise 33% of all home buyers. 80% of Boomers own their own home. They own more than 50% of all second homes. And, 25% own at least 1 commercial, land or rental property. (Source: Kenneth Harney-Realty Times)

Today's 50-60 year olds have more than a trillion dollars in spending power/year!

Boomers are transitioning into the next life stage.  You have the opportunity to play a role in the broader experience for launching into this next stage. You have the opportunity to help them with their Real Estate needs. Here are some of the options Boomers may want:

  • Adult communities
    • 55 and over, active community, golf course, etc.
  • Buying rentals
  • Teaching them to invest in real estate
    • add to their portfolio,
    • become their real estate advisor
  • Contributing to children or grandchildren to buy property
  • Buying vacation properties
  • Timeshares, etc.

Don't forget to refer if necessary. Make sure they get the help they need!

What have you found Boomers want? Downsizing, upsizing, vacation homes...

 

2 Comments on Did you know…Boomers have trillions to spend?

I have found that boomers are upsizing.  They are making room for their kids to bring over the grandkids. And it used to be that they usually wanted 1-story homes, but now they're getting 2-story homes so the grandkids can have gamerooms upstairs to run around.

08/29/2008 08:50 PM by Donna Harris, ASP (Re/Max HiNet)


Donna - a few local agents have also mentioned this happening here as well.

09/02/2008 09:26 PM by Claudia Wicks (Real Estate Base Camp)


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Real Estate Trainer: Claudia Wicks (Real Estate Base Camp)
Claudia Wicks
Bellevue, WA
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Real Estate Base Camp

Office Phone: (206) 351-2414
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Continuing her groundbreaking philosophy of Agent CEO, Claudia takes training to the next level. See you at the top! View Claudia Wicks's profile on LinkedIn
Claudia Wicks


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