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EMPTY NESTERS

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

Empty nesters in the real estate sector are those parents whose children have grown up and have left their homes for various purposes.

Use of Empty Nesters in Real Estate

Empty nesters are those parents whose children have grown up and moved out of the house. They witness the empty nest syndrome, and usually look to downsize from bigger apartments or houses. Parents usually look to choose communities and projects where they need to get involved in lower maintenance jobs, and often with healthcare and other facilities. Empty nesters usually choose smaller apartments or homes for spending their retired lives, after their children settle elsewhere for work or higher education purposes.

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