The transfer of wealth with the ‘Silver Tsunami’ of aging Baby Boomers has been the focus of recent press. What about the housing shortage holding Boomers in homes that no longer suit their needs?
Baby Boomers face two major obstacles for downsizing
- Post COVID high interest rates – caught in what some call “golden handcuffs” of existing low mortgage rates. When your current mortgage is approximately half of today’s rates for a home purchase, it just doesn’t make sense to move.
- Lack of available inventory – with fewer owners listing their homes, and new construction unable to keep up with demand, finding a suitable ‘forever’ home has become challenging.
Land lease 55+ Communities
If interest rates drop that also means bidding wars driven by long delayed buyer demand. What are solutions in today’s market? New construction manufactured homes in 55+ land lease communities offer a quality lifestyle in desirable locations for relaxed, convenient and enjoyable retirement.
Sell / Buy Strategy for Downsizing
You can remove the obstacle of today’s high interest rates. Sell while inventory is low and there’s less competition. Use the proceeds to purchase a move-in ready manufactured home in a community that fits your lifestyle. A good stop-gap solution to weather today’s turbulent economy. With increased demand for manufactured homes, equity growth has recently increased. A solid foundation for a 3-5 year strategy.
You also may find that you absolutely love the convenience and affordability of living in a land lease community and claim it as your move-in ready new construction ‘forever home.’
Want to be creative? Be your own developer by selecting and customizing your new manufactured home for your chosen lot and community with ABC Home Sales. You can also find the perfect new home in our extensive inventory. With over 100 new homes on display around the state its not hard to find what your looking for at ABC Home Sales.
ABC Home Sales has exclusive move-in ready new construction homes in 55+ land lease communities;
- Lincoln Crest, Sadsburyville
- Lindale Village, Parksburg
- Green Top, Sellersville Montgomery County
