Trends, Characteristics of Senior Homebuyers Profiled in National Survey.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Nearly half of all seniors use the Internet as part of the homebuying process, while most senior homebuyers stay within their home state when they retire, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a research report released today detailing home purchase behaviors of the senior market. Key differences in behaviors emerged between "younger" seniors, those seniors 50 to 64 years of age, and "older" seniors, those 65 or more years of age.
"Moving Forward: 50 and Beyond," sponsored by the Senior Advantage Real Estate Council(R) (SAREC SAREC Senior Advantage Real Estate Council
SAREC Swedish Agency for Research Cooperation with Developing Countries
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SAREC Science of Anticipation Recognition Evaluation Control of Health Risks (R)), explores the buying trends of consumers 50 or more years of age who purchased a home within the last six months. The survey was conducted in September, 2005. Senior homebuyers were defined as those 50 years of age or older, based on the AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million definition of a senior. The Senior Advantage Real Estate Council (http://www.seniorsrealestate.com) is the organization that confers the Seniors Real Estate Specialist (SRES SRES Seniors Real Estate Specialist
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SRES System Resource (R)) designation upon REALTORS(R) nationwide. SAREC(R)'s mission is to assist REALTORS(R) in meeting the unique real estate needs and concerns of maturing Americans.
According to "Moving Forward: 50 and Beyond," of those homebuyers utilizing the Internet, nearly two-thirds (61 percent) did so to locate a specific REALTOR(R), 92 percent utilized the Internet to research comparable prices, and 19 percent went online to learn about specific neighborhoods to move to.
"While the prospect of retirement is an exciting time for most seniors, many have not planned for the economic issues that arise as a result," said Dr. Nathan Booth, senior advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. to SAREC(R). "For seniors choosing to remain in the workforce, or even retire early, help is needed in finding the best and most prudent use of the resources available to them in real estate. It has become increasingly important to understand the changing and emerging buying and selling habits of senior homeowners."
The survey also revealed that not only did most senior homebuyers stay within their home state (82 percent), they moved less than 100 miles from their previous home. Younger seniors tended to move farther away from their previous residences than did older seniors. Of those senior homebuyers who did move to a new state (18 percent), the most popular choices were: Florida, 26 percent; Texas, 11 percent; Arizona, 8 percent; Nevada, 7 percent; and Virginia, 6 percent.
Nearly half of senior homebuyers nationwide were at least somewhat familiar with the Seniors Real Estate Specialist (SRES(R)) designation, according to the report. The SRES(R) designation is the only real estate designation offering the Client Assurance program, enabling senior homebuyers and sellers to electronically verify the professional and state licensing status of its Seniors Real Estate Specialist(R) designees before engaging a REALTOR(R) when buying or selling a home.
"Moving Forward: 50 and Beyond," is available to SRES(R) members for $9.95, and to non-members for $19.95. To order, go to http://www.seniorsrealestate.com.
SAREC is owned by Real Estate Business Services Inc. (REBS REBS Rapidly Emplaced Bridging System
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See : Time California Association of REALTORS(R) (www.car.org) is one of the largest state trade organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with more than 180,000 members dedicated to the advancement of professionalism professionalism
the upholding by individuals of the principles, laws, ethics and conventions of their profession. in real estate. C.A.R. is headquartered in Los Angeles.
Today's release also is available on C.A.R. Online at http://www.car.org/index.php?id=MzU2Mzk=.