Reverse mortgages offer homeowners aged 62 and older a way to access their home equity, providing financial relief without having to leave their property. While these Home Equity Conversion Mortgages (HECM) can eliminate monthly mortgage
An increasing number of Palisadians have considered downsizing their home due to becoming “empty nesters.” For example, they may own a 5 or 6 bedroom house and have higher maintenance costs and/or feel that it
Empty Nesters and retirees have the choice to stay in an oversized home, or perhaps move to a more updated home and face the tax implications of that.
I recently heard from two homeowners. One said, “I’m keeping this house for my children – but I don’t know if that’s the wisest decision.” The other asked, “Do we leave the house to our
This is the third in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on getting started with the process in a systematic
This is the eighth in a series of articles in answer to requests for more informational help with various senior issues.
This is the seventh in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. Previous articles in this series explored issues about where, when and how seniors
When interviewing with a senior to list their home, I ask them what their most important considerations and concerns are about selling their home. Most are looking for an agent they feel they can trust
This is the first in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors.
It is estimated that 50% of U.S. households are multi-generational, with people caring for either grandchildren or grandparents. If these are not issues in your family at present, it may be useful to keep a
For many seniors, days seem to pass into months and time just goes by. Their focus often becomes narrowed down to basic activities and they have very little communication with other people.
This is the ninth in a series of articles in answer to requests for more informational help with various senior issues.