
In Selling Your Home: How the Housing Crisis & Economy Factor In, I encouraged you to not let excuses stand in your way of moving, if the time is right for you to move. Recently, I had a conversation with a reporter from the Minneapolis Star and Tribune. The reporter asked me what kinds of trends I was seeing with seniors in the current economy. He was wondering if I was seeing seniors become “stuck” in their homes because...
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Earlier this year, everyone seemed to be focusing on the downward spiral of the housing market, and in the last few months we’ve been inundated with news about the downward spiral of Wall Street. One thing is clear: it’s been a year of uncertain economic times. However, none of the financial or real estate economic experts seem to agree on what the future holds. Market volatility makes it almost impossible to predict how soon we’ll see more stable economic...
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As a senior real estate specialist, I'm often approached by senior clients who say, “I'd like to move out of my home, but I don't want a monthly payment.” It's my job to remove that obstacle and help them make the move. To do that, I need to help my clients understand that even though they may own their homes outright, and even though they may not be writing out a monthly check to a mortgage company every month,...
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A reverse mortgage, with pros and cons either you way go, understandably has its fair share of both advocates and critics. A financial tool to help seniors pay for home improvements, stay in their home, and increase their standard of living, the downside of reverse mortgages for seniors is that the cost can be high. I recently met with a family who asked me to outline general reverse mortgage pros and cons and to help them talk with their...
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At seminars, I’m often asked to talk with seniors about the process of selling a home. The most common question I get is: what do I need to do to get my home ready to sell? I usually tell the person who’s asking that I’d be glad to visit the home and make some suggestions. The response I almost always get: “Oh no! I would need to get my house in order before you came over.” We all think...
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