Although there are those homeowners that get up one morning and just say, “Yup, it is time to sell this house and move on to a new one!” a more typical situation might be a homeowner who reaches that decision more gradually.
For example, the homeowners who started cleaning out the rooms of their house after all the kids left for college, and suddenly looked around and thought, “Why do we need such a big house now that everyone is out of the house?” Or, it could be the couple living in a two-level home who found that after 40 years, it was getting more and more difficult to climb up and down those stairs and that it was time for them to move into a ranch-style home or an apartment.
Job transfers used to take up a large share of homes on the market, when homeowners found they had to transfer to a different location, maybe even a different state, in order to maintain their jobs or to follow job promotions.
Young families who moved into starter homes and had several additions to their family unit over the years were also prime examples of homeowners putting their homes on the market in order to move to larger quarters.
Retirement always brings a number of new homes for sale. The only new change might be those retirees buying something smaller for when they are here in the Five Towns, as well as another residence, maybe in Manhattan or Florida or even in Israel.
We have couple of categories, unique to the Five Towns, as to why homeowners might put their homes on the market and look to buy elsewhere in the Five Towns.
I call the first category “Follow your shul!” Originally, when purchasing that perfect house, the buyer wanted to be near a particular shul. His friends or family were there, too. After some time, their friends started a breakaway shul and the walk there was a little far. So they decided they would be better off selling and moving closer to the breakaway shul and near all the action. Finding something new for people in this category is typically a nightmare. They all want a larger house with more space than what they currently own, the same street as their friends, side by side, for the same amount money they are getting for the house they are selling.
The second category is a fairly new one, called “Get me out of school district #14.” At one time, buyers ran to buy in school district #14, feeling that it was a more elite area. Now, with the school taxes nearly double those in school district #15, only those utilizing the superb public schools in school district #14 are OK with biting the bullet of the high taxes. These sellers typically want to stay near where they live and move literally just over the school district border — almost like crossing the Rio Grande — so that they will still be near everything they hold dear that is in Hewlett-Woodmere.
The puzzle of where to move becomes funnier. Previously, we had those moving over the border to district #15, yet we are now seeing huge influxes to all areas of school district #14 both in Woodmere and Hewlett as well as in North Woodmere. This is due to all the new shul openings that have stretched the borders of our community and continue to make it attractive, although, yes, we become larger and more spread out. I guess we would call this positive growth!
We continue to be unique!
Anessa Cohen lives in Cedarhurst and is a licensed real-estate broker (Anessa V Cohen Realty) and a licensed N.Y.S. loan officer (FM Home Loans) with over 20 years of experience offering full-service residential, commercial, and management real-estate services as well as mortgage services. She can be reached at 516-569-5007 or via her website, www.AVCrealty.com. Readers are encouraged to send questions or comments to anessa@AVCrealty.com.