Empty Nester
When you hear a real estate agent talking about a client that's an empty nester, it means said client suffers from empty nest syndrome.
But what is Empty nest syndrome?
Empty nest syndrome is how it’s popularly called the feeling of grief a parent feels when their offspring finally move out to “fly solo” and set up a “nest” of their own. Empty nest syndrome is not a clinical condition, but a memetic concept forged by associating birds and their nest, made to protect their eggs, which, when hatched, is abandoned by the baby birds.
After a lifelong of actively caring and nurturing the growth of their kids, people with empty nest syndrome (or empty nesters) – especially full-time mothers or fathers - find themselves feeling that a big part of their identity got stripped away. With a lot of free time on their hands, empty nesters might get depressed or feel in need of radically changing their lifestyle and finding hobbies to keep them occupied. In a larger sense, by seeing their sons and daughters leaving them, empty nesters tap into their own mortality, projecting a future where they will leave or be left in definitive.
So, in real estate, an empty nester can be someone who decides to downsize because their house became too big and too lonely or someone who decides to get a house as big but less “family oriented” so they can finally enjoy their hobbies without having to worry about their kids. Empty nesters can even be someone who decides to double down and call a real estate agent for help buying a second home where they could meet their kids halfway for some vacation time and profit off of it for the rest of the year. Just know that, when referring to a client as an empty nester, their motivation towards buying a house or selling a house are all related to the fact their children have just moved out to live by themselves, and they’ve been “left behind” suddenly discovering themselves “free” to do things differently and shake up their lives a little bit. Beware of the empty nesters moment and be empathetic to it. Empty nesters make great clients because they are generally willing to spend but it’s not their first rodeo either, so they’re not eager to close anything and will let real estate agents do their job.
Real Estate Tip:
Are you an empty nester? Let a professional real estate agent nurture YOU throughout the home buying/home selling process for a change!
Popular Real Estate Terms
The net leasable area is all the leasable area of a given building exclusive of non-leasable space such as hallways, building foyers, rooms devoted to heating, air conditioning, elevators, ...
The term effective interest rate is the actual return from a savings account or any investment where you pay interest when considering the effects of compounding costs over time. Through an ...
Member Of the American Institute of Real Estate Appraisers. ...
The definition of involuntary alienation in real estate is the loss of property through attachment, condemnation, foreclosure, sale for taxes or other involuntary transfer of title. ...
The United States has a law named “eminent domain” that grants local, state, or federal government the right to take ownership of a private property with or without the consent ...
Literature, samples, equipment, tools, and other useful information that real estate brokers or agents can use for demonstration purposes to prospective buyers. ...
An asset. The term cost is often used when referring to the valuation of acquired property. When it is used in this sense, a cost is an asset. Concepts of cost and expense are often ...
People often use the term in their everyday discourse, yet many wonder what the meaning of common law genuinely implies. Common law refers to a system of jurisprudence based on court ...
Area or county used in the census or other data gathering functions that has a population of 50,000 inhabitants or more. ...
Have a question or comment?
We're here to help.