Are your kids gone ? Is the house too big? Is the maintenance , taxes too high !!
4 Ways a Senior Real Estate Specialist Can Save You Time & Money !
Let’s be honest. The point in working with any specialized professional is to get the job done better than you can do it on your own. Sure, you could do it, but you probably don’t have unlimited time, resources and the in-depth knowledge of the industry that a professional senior real estate specialist does. Ask yourself: what can this person do for me that I can’t do on my own? A lifetime of savings is often invested in property in order to maintain a comfortable lifestyle in later life, you need to consult an SRES(R) real estate professional to help with the selection of the property that best suits your requirements. By doing this first, you will ensure that your dreams and investment(s) are maintained.
A senior real estate specialist can:
1. Help you decide what to fix. Talk with your agent about what should be fixed. In general, the rule is: if it’s broken, fix it. In today’s market you’re going to have a lot of competition to sell your home. If you have broken items you’ve just lived with (we all do!), get them fixed. Even if the rest of your home is in reasonably good repair, little things like a leaky faucet, a window that doesn’t open, and a broken garage door opener are all excuses for buyers to lower the amount they’re willing to offer. You can actually save a lot of money by making these small repairs before you sell.
2. Help you decide what to replace. Before you replace that living room carpet or those kitchen appliances, talk with a real estate agent and get suggestions on what will make your home more marketable. If the potential buyer for your home is a first time home buyer or young family, the type of flooring you put in the kitchen may be different than if you live in a luxury condominium that might appeal to a young executive. Spending a lot of money on unnecessary high-end flooring for your home may be just as costly as putting in an inexpensive floor in a luxury home. Talk with a local real estate agent about what your competition has, and how you can minimize the cost of improvements without sacrificing the marketability of your home.
3. Prevent your spending money on things that break. Getting your home ready for the market is a lot of work, and in some cases, can cost you money. Talk with your agent about a home warranty. Many of the home warranties available today cover the home owner from the date the home is listed until it is under contact with the new buyer. That means if you have a mechanical failure, you won’t be trying to figure out how to pay to get fixed while your home is on the market. Instead you can put in a claim to the home warranty and get it fixed with minimal out-of-pocket cost. A home warranty is also a nice additional selling point for your home—especially when you need to stand out from all the other homes on the market!
4. Suggest housing options & financing alternatives to 50+ buyers that will save you money.
Your real estate agent will help you understand various housing options
(ownership vs renting vs life lease ) .
Considerations:
Do I want to stay in the same neighbourhood ?
Where would I like to Live?
How much can i afford ?
What sort of lifestyle i want ?
Where will i be in 5-10 yrs time ?
-Independent Living
* Active -Adult Communities : Single-family homes,Condominiums, Bungalows ,Mobile homes in parks , Cluster housing. Services might include clubhouse, tennis courts, swimming pools, Library, Social and hobby facilities, transportation, meal programs, worship facilities etc.
*Seniors only apartments
*Shared -housing.
-Assisted Living: Provide residents with help in daily activities: personal care, bathing, groomng, eating, laundry, shopping, house keeping etc.
-Continuing Care Facilities
*Board & Care
*Nursing homes
*Short-term, respice
*Hospice
-Resort & Recreation Properties/ Second Home Large number of Canadians are now considering property investment as an essential part of retirement planning.
Financing programs available for your lifestyle :
Home Equilt Line of Credit (HELOC) vs Reverse Mortgage (CHIP)
Reverse Mortgage (CHIP): Enable 62 yrs of age or older Canadians to convert a portion of home equity into cash.
-can receive between 10%-45% of appraised value of your home.
-Offered at specific financial institutes.
-Don't have to make monthly payments so you can't loose your home.
-Payments can be lump-sum, fixed monthly payments and are tax-free.
HELOC: Its a pre-authorized credit line based on value of your home.
-Can receive upto 75% of appraised value of your home.
-No age requirement, available at most financial institutes.
-Set-up costs are 1/3rd of those of reverse mortgage.
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Lifestyle changes involve much more than real estate. I realize that careful planning, prudent financial decision making, personal and emotional factors are all critically important.I have special expertise in real estate but I can refer you to other highly qualified resources in specific fields such as:
Estate Planning
Financial Wealth Management
Tax and Insurance Considerations
Social Security & Pension Plans
Organization/ Disposition of all your "stuff"
Property Management
Home Repair
Whether you're moving closer to your family or closer to relaxation,I can take the extra time to find you the home of your dreams. I understand your needs & take pride in being able to offer specialized "dedicated- personal- service" to clients like yourself and to assist in lifestyle transitions involved in relocating or selling your home.
Call Jimmy Today for a Free No-Obligation Consultation :-
Jimmy Singh, Certified 50+ Specialist,Sales Representative,
Remax Escarpment Realty Inc.
"Nicest real estate agent you'll ever meet."
905-575-5478 (Hamilton area) 905-639-5258 (Burlington )
or Email :- jimmysingh@remaxescarpment.com
"Helping Families Make the Right Move !"
Dear Visitor, -I respect your privacy but if you have any question or enquiry , please fill & e-mail me the form below. I'll promise to answer you personally within 2 business days. Thank you !
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