Age 61 – Is It a Magical Mark in Real Estate?

Real EstateBaseball historians certainly know the number 61 quite well. It was during the 1961 season when New York Yankees outfielder Roger Maris hit a record 61 homeruns.

If you listen to Merrill Lynch (Merrill Lynch), it appears 61 also has a significant place in the real estate sector. According to a new report, by age 61, the majority of people feel free to choose where they most want to live.

The report, based off a survey of 3,600 retirees, stated that throughout most of people’s lives, where they live is determined by their responsibilities. However, as people enter their 50’s and 60’s, they begin to cross what is called the “Freedom Threshold.”

Other notable facts to emerge from the report are as follows:

  1. Two-thirds of the retirees surveyed say they are now living in the best home of their lives.
  2. Most retirees move at least once during retirement, but only half choose to downsize into a smaller home. Three in 10 retirees decide to upsize into a larger home.
  3. Retirees often find their homes become places for family to come together and reconnect.
  4. Retirees say the ideal place allows for spending time with others their own age, yet they also seek to be around those of diverse ages.

With the above information in mind, we clearly know Florida has its fair share of retirees. To that end, First International Title can definitely help those who are about to face that aforementioned “Freedom Threshold.” Let us make it a seamless process!

Founded in 2009 during one of the slowest real estate markets in the past half century, First International Title has grown from a handful of offices to over 30 offices throughout the state, from Key West to Pensacola, including its company headquarters in Coral Springs. We provide closing services in English, Spanish, German and French. With a combined 1,000 years of experience, our staff has extensive experience closing residential, refinance, reverse mortgage, short sale, REO, deed-in-lieu and commercial transactions. We do not outsource or offshore any portion of our core title services. We employ our own searchers and examiners to ensure quick turn times and accuracy. At First International Title, we put our customers first.

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