Snowbirds
Don’t know what snowbirds mean?
It’s not birds made of snow. Snowbirds is a nickname given to Canadians and American people that live in the colder northern states, that, during the winter “migrate” – just like a bird – to the south and its warmer weather in order to run away from all the snow and oppressive cold.
So, whenever you hear someone talking about snowbirds, that person is referring to a demographic of people that sets a temporary residence in the south during the winter. Now, because it’s a somewhat expensive idea, those snowbirds are generally retirees, professionals that can work remotely and executives who work for companies with offices in the south. With that profile in mind, the states with the most snowbirds are New York with a huge lead, then Pennsylvania, New Jersey, Michigan, and Massachusetts. When November comes, they leave those states and head down South to enjoy a warmer climate.
For real estate agents, this demographic of snowbirds usually mean someone interested in buying a second home, that’s going to be used for airbnb renting throughout the year and will host the snowbird family during the 3 winter months (or just part of those months).
Florida is the state where most snowbirds go to, and that’s not only because of its nice beaches and affordable house prices but also because many snowbirds take advantage of the fact that Florida has no state income tax, so they declare permanent residency in the Sunshine State and claim lower non-resident income taxes in their actual home states. Sometimes that also means citizens are allowed to vote on two different gubernatorial races; however it is considered fraud if you vote in the Presidential race in two different states; you are only allowed one vote.
Arizona, California, New Mexico, and Texas are also states snowbirds choose to make their winter nest. The kind of snowbirds that choose those usually have as their primary residence Vancouver, Washington, Colorado and other Midwestern states, and usually don’t spend the whole season, but get the end of the year break and travel down in an RV and stop at a Motorhome park. They consider other fellow snowbirds that always go to the same “snowbird friendly” park a “second family”.
Real Estate Agent tip:
Need to run away from the cold but have no idea where to go and how to do it? Find a real estate agent to point out the best migration route for your snowbird urge. They will help you fly towards safety!
Popular Real Estate Terms
A right or interest in property held by a third party, which often limits the use and diminishes the value of the property, but usually does not prevent the transferring of title. The more ...
Something that is of good value for the money and an attractive deal. ...
A rental stipulation a varying rental rate. Rental rate are determined tied to periodic appraisals or an inflation or an inflation index. The provision is more common in a long-term leases. ...
Period of time during which a complainant in a real estate transaction can seek a financial recovery from a licensed real estate broker or agent. The time period is determined by state ...
Buying real property subject to risk. For the high risk undertaken, the expected return is higher. The investor may lose all of part of the initial investment. ...
Construction method where reinforced concrete is used with concrete block and mortar to form an extremely strong building. Reinforced concrete construction is often used in conjunction ...
A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defect in a water pipe is not immediately discovered, and it later results in a massive water ...
Financial intermediaries who invest in deeds of trust and mortgages, and hold them in their own portfolio. Large financial firm that uses depositors' money to lend to borrowers. ...
Interest rate that exceeds the rate on the old loan but in less than the rate on new loans. It is usually offered by the lender to encourage home buyers to refinance existing, low interest ...
Have a question or comment?
We're here to help.