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Innovative Home Selling: Baby Boomers as Financiers in Today’s Market

The writer introduces a potentially resurging idea: Can an aging Baby Boomer provide financing for their buyer? By maintaining their 3% mortgage and slightly increasing it, they could still assist a prospective buyer in affording the house without being overwhelmed by a high mortgage rate.

If a downsizer is considering this, they might be able to finance the new purchase with the buyer’s down payment and the arbitrage they can negotiate in rates.

This article offers great insight into what motivates Baby Boomers to sell or not sell. However, her suggestion about providing financing for their buyers might be her most significant point!

Source: Ballinger, Barbara. 2024. “The Next Chapter.” National Association of REALTORS®, May 3, 2024. Accessed May 6, 2024.

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