Phone: (530) 242-1011
Fax: (530) 242-1014
terence@terencedavis.com












If you’re considering retiring in the next decade you’re not alone. There are over 9.8 million Baby Boomers in California. The ages of Baby Boomers range from 39 on the low end to 57 on the high end, which means we are just beginning to see the first wave of Baby Boomer retirement. If you’re considering retiring and moving to Northern California in the next few years, you’d be wise to begin making plans now because you’re not alone.

In Redding we’ve already begun to meet clients from the Bay Area and Southern California who are several years away from retirement, but already securing homes and investment properties in the area. I recently completed a transaction involving a Bay Area couple who purchased a brand new custom home and immediately rented it out because they felt they wouldn’t be able to afford it when they retire in six years. They’ve already seen significant appreciation on their purchase. I recently closed another escrow with a Baby Boomer who works three days a week in the Bay Area and felt that he would be better off buying now than waiting four more years until he can retire completely.

If you’re in a similar situation, feel free to contact me to discuss your options. I specialize in finding creative solutions to help you get a foothold in Northern California real estate now, even if you have 1-7 years until you can sell your home in the Bay Area or Southern California.

A few of the most basic options I suggest to my clients are:

Buy an investment property now (rental house, duplex, fourplex) and at least benefit from the appreciation if the area continues to rise in value as it has over the last few years.

Buy a piece of land. A lot in a subdivision is a great hedge bet against appreciation. So far in our market the cost of land has far outpaced any increases in labor or material cost. If this trend continues, you could build on your lot in the future at a cost far below the future market value of the home.

If you’re within 8-12 months of retirement, you can put a down payment on a new home under construction in a subdivision. I’ve had clients who have made considerable appreciation before they’ve even closed their escrows. In one instance last year we sold a home for $207,000. By the time the house was finished 7 months later, we were selling the same house for $239,900. This is a 27.2% increase, calculated as annual appreciation.

Again, these are the most basic solutions for future retirees. If you’re retiring in the next 1-7 years, feel free to contact me to discuss additional options which might work for your situation.

My Commitment to You… And Your Commitment to Me I strive to give my clients the best service possible. As I mentioned earlier, in this market, it’s sometimes survival of the fastest. When a hot property hits the market, the first good offer on the table is often the offer that gets accepted. This means that I have to watch the market constantly for new properties and notify my clients as soon as I see something that matches their needs. Since many out of the area clients can only look at properties on the weekends, I do make myself available seven days a week to show property. What I do expect in return is a solid commitment from my clients that I will be their agent of choice and the only agent they work with in Shasta County. With committed clients, I can devote all of my energies to finding them the best properties.

Even if Redding is not your desired retirement destination we would love to talk to you. We have a network of realtors across the nation that we would be glad to refer you to.

Contact me for more information.
© 2004 Terence Davis • all rights reserved