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Anian Tunney, Piedmont CA Real Estate Agent Broker Associate, Comments on Retirees Choosing not to Downsize
Anian Tunney, ranked 129th in the Nation by REAL Trends the Thousand in July 2015, discusses why half of retires don't downsize as expected.
Anian Tunney, Piedmont CA real estate agent broker associate with The Grubb Company in Oakland, CA says, “Yes, it is a common belief that when people are ready to retire, that they will sell the home they raised their family in, move to a smaller home to reduce their home maintenance overhead, and even leave the area to move to a more affordable location. We are not seeing that however. Many local homeowners want to have the space to host friends and family in their homes, and even if they do move to a new location, they still want homes large and inviting enough to accomodate family and friends visiting from other parts of the country.” Anian goes on to say, “Additionally, couples and individuals who have spend most of their adult lives in their community, with long time friends and associates, are reluctant to leave and start over socially.
One option available to retirees is to sell their home and move to a nearby community which caters to a luxury lifestyle that many retirees desire, offering country club living, reduced maintenance responsibilities, yet with nearby golf, swimming and other outdoor amenities, and opportunities to maintain existing friendships and start new ones.
According to the Merril Lynch report “Home in Retirement: More Freedom, New Choices” a study conducted in partnership with Age Wave and published in July 2015 (1), 61 is the median age where a person’s choice of where they want to lives goes from where they need to live for job and family reasons, to having the freedom to choose where to live based on interests and lifestyle. Four out of five Americans 65 years of age and over own their own homes and more than 7 in 10 have fully paid off their mortgage. Some of the reasons retirees choose to move include wanting to be closer to family, wanting to reduce home expenses, change in health status, and change in marital status. Empty nesting and wanting the cash from the sale of the home are the lowest ranked reasons for wanting to sell their home and move to a different location.
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The regions considered most desirable to relocate to are: the South Atlantic, which includes Florida, the Mountain region which includes Arizona and Colorado, and the Pacific region which consists of California, Oregon and Washington. The highest rates of satisfaction in these areas for cost of living are Mountain and South Atlantic. Among the highest rates of satisfaction with the weather are also Mountain and South Atlantic regions.
About Anian Tunney, Broker Associate
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Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.
Contact Information
Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog