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
Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...
A type of property coownership of two or more individuals to whom real property is deeded and who together have an undivided interest in it as a whole. There is only one title to the whole ...
Records maintained as evidence of ownership of the home and any of its contents. ...
Partially amortized and requiring a lump sum (balloon) payment at maturity. ...
Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...
A collection of packaged residential mortgage loans for sale in the secondary mortgage market to investors. Companies with mortgage pools expect to earn a short-term profit and use the ...
A zero lot line is a term in residential real estate that refers to houses that are either very close to or at the edge of the property line. These houses are also called zero lot line ...
Combination of two or more real estate brokerages into one, with only one company retaining its identity. Typically, the larger of the two companies is the company whose identity is ...
See before-tax cash flow; cash flow. ...
Have a question or comment?
We're here to help.