Melbourne, FL (PRWEB) June 24, 2012
Embittered homeowners looking for good news in the May home sales report were disappointed by the National Association of Realtors’ recent finding that home sales fell 1.9% during the month.
But the report did contain a silver lining – when compared to May 2011, sales were up 9.6%.
Sandy Richards who is the executive director of Watersong, a local retirement community in Melbourne, Fla., says the report is consistent with the experiences of many of the older adults who finance a move into her community through the sale of their home.
“We have noticed a significant increase in traffic this spring as compared to last year at this time,” Richards said. “Overall, we are finding that when a home is staged and priced appropriately, it is selling in a timeframe that is shorter than the national average.”
According to a National Housing report developed by real estate firm Remax® in April of this year, the national average of “days on market” was 101. Days on market refers to the number of days between a house being listed in an MLS and when a sales contract is signed on that house.
Richards says many older adults use their primary asset, home equity, to pay for a retirement living option and have been particularly affected by the housing downturn. One solution for affected seniors is Watersong’s “Why Wait” program which only requires future members to pay 30% of the community’s equity fee and move in immediately while their home is on the market.
By participating in this program, homeowners also receive one year of interest-free financing on the remaining 70% of the equity fee. Watersong does require homeowners participating in “Why Wait” to use a realtor associated with the community’s Transitions program. This realtor, working as one member of a comprehensive r
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