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Older Home Buyers More Likely to Pick and Choose, Experts Say

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By Amy Hoak

When you reach a certain age, you’re going after what your desires are, she added. You’ve likely raised your family, now you’re interested in focusing on what you want, not the kids.

And you’re less willing to compromise.

But being very selective will likely make your home search tougher.

Piper has recently crossed paths with boomer buyers who were very specific in their requirements. Like the couple who has been trying to downsize into a newer home, yet have their hearts set on living in a San Francisco-area neighborhood filled with bungalows from the 1940s and 1950s. (They’re still looking.) Or the couple who paid at least $100,000 over the other bids in order to buy an updated home located where they’d be able to walk to town and be close to an aging mother in her 80s.

The older you are, the newer you want your home to be, too, according to the NAR survey. Millennials (those born between 1980 and 2000) old enough to buy homes typically went for places built around 1986, a decade older than the typical home bought by someone from the so-called Silent Generation (those born between 1925 and 1945).

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