This article series examines changes in households when our parents age and need additional support. This could mean changes to your parents’ existing home or the purchase of a new home that will better meet their needs (covered in our Caring for Parents at Home article). It also could involve relocating parents to move into your home or otherwise blending your households in some way, which is the Continue Reading
Caring for Parents at Home
“Aging in place” is a Top Priority for Aging Adults: Here’s How to Plan for This in Real Estate We are an aging population and the projected numbers are worth noting. The number of people over age 65 in the U.S. is projected to DOUBLE over the next 40 years. Some of those people will include our parents, other family, and ourselves, and it’s inevitable they will need some level of Continue Reading
Helping Your Adult Children Buy Their First Home: What You Should Know
If you’re thinking about helping your son or daughter purchase their first home, you are not alone. Many parents, just like you, help their kids make the jump from living at home to owning one. According to the National Association of REALTORS®, 23 percent, or nearly one in four, of those 37 years old or younger used a gift from their parents to buy their first home, and 6 percent relied on a loan Continue Reading
Should I Buy or Should I Build? Pros & Cons
You want a new home…or at least one that's new to you. Should you buy or build? Both have their pluses and minuses. How do you decide which avenue to take? That depends on the time frame you have to make a move, where you want to live, and how much personal customization you want in your new (or new-to-you) home. According to the U.S. Census Bureau, the median price for an existing home in the Continue Reading
Keep or Sell Your Vacation Home?
Recently, we’ve had the opportunity to help a few clients sell their vacation homes – mostly condos along our beautiful Gulf coast beaches. It wasn’t that they no longer wished to vacation at their favorite beach community, but they were visiting less frequently, and the cost to benefit no longer balanced out. Like these sellers, many homeowners are observing how the market is changing and Continue Reading
How Labor and Supply Chain Shortages Will Affect Real Estate in 2022
If the Pandemic has taught us anything, it's that many of us can be just as productive and effective working from home. This has opened the door for many to live anywhere we want and work remotely. Therefore, many are relocating to seek warmer weather, more cost-effective markets, and more square footage. Often with a new home comes new projects. Couple that with the fact that those of us who Continue Reading
HECM: A Beneficial Real Estate Investment Option for Boomers
Baby Boomers joyously easing into retirement who also are planning their next home purchase have an incredible investment resource available to them that will save them a great deal of cash. Unfortunately, it’s a resource most aging adults don’t know about, and some who do are skeptical to take advantage of it. Likewise, one of our Buyers didn’t know anything about this resource, but she took Continue Reading
Five Easy Steps for Getting Your Home Ready for Sale
So, you’re ready to sell your home. Whether it’s your first or your fifth sale, it can seem like a daunting task. At Personal Realty Advisers, we’ve helped hundreds of people like you sell their home over the past 30 years, and we offer these proven tips to make sure you get the most for your investment with the least amount of frustration or disappointment. Step 1. Hire the Right Real Estate Continue Reading
Buyer’s Guide: How to Plan NOW for a Seamless Real Estate Closing
In today’s super-competitive real estate market, buyers need to prepare to be as competitive as possible. Getting all your ducks in a row in advance so you can offer a quick closing with acceptable terms is a great way to do just that. Time spent tracking down financials, and other documents can be a costly financial mistake made during your home’s offer period that can add time and frustration to Continue Reading
What Does a Dream Home Look Like in Retirement? Advice From Your Real Estate Brokerage
You’ve made it! You’re retiring and finally ready to move and find your own slice of retirement real estate. At Personal Realty Advisers, we’re fortunate to work with many retirees: individuals and couples who are making a major life change—often looking to trade an old home for a new one. One would think that working with “retirees” would be easy—a one-size-fits-all approach—but our 60+ Continue Reading
