Almost all of my home seller clients are over 65. I think most are over 70 but I don’t ask. There is no set age for moving or downsizing. In fact some older folks buy larger houses so that there is more space for grandchildren and maybe a parent or two.
Sometimes older people are forced to move and they do not have a plan. They get sick or they lose their mobility or eyesight or maybe there is a dementia diagnosis. Some homeowners decide that the house is just too much work so they move on.
There is a best time to move and it is, if at all possible before moving becomes a necessity.
For people who are over 60, now is the best time to start getting rid of excess stuff. It is a great time to explore various neighborhoods and housing options.
Everyone needs to move eventually.
Also in Minnesota there are some free resources for seniors who need to move or who are exploring their housing options. Sadly they don’t cover that in real estate school and it isn’t covered in the Senior Real Estate Specialist program. I became familiar with it many years ago when a neighbor needed some help. Senior Linkage Line The Senior LinkAge Line is a service of the Minnesota Board on Aging in partnership with Minnesota’s area agencies on aging.
