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News Byte:
"Coulda, Woulda, Shoulda"

So long, farewell to the Home Buyer Tax Credit... but it's still a great time to buy a home... probably the best time ever! If you have a home under contract prior to April 30, 2010 then you may still be able to take advantage of the tax credit.

But if you're in the market for a home and you didn't get a chance to capitalize on the tax credit all is not lost. With property prices already low and staying relatively flat combined with truly historic low interest rates, a home buyer can capitalize on the best of both worlds. Rarely is there a time when both housing prices and interest rates are this low at the same time.

Buying a home now can save you 1000's as opposed to buying later. Why???? Because when interest rates move up a 1/2% to 1% that can increase your housing payment by $300 - $400 per month or more depending on your loan amount, not to mention the additional cost of housing when prices begin to move up. So take advantage of the market while you can instead of later saying, "Coulda, Woulda, Shoulda."


Senior Seller Center

Taking care of senior housing needs requires special care and attention from real estate professionals. Often the real estate professional is engaged in conversations with the adult children of seniors in order to assure the family that the very best intrests of their parents are being served. Professionals understand that seniors face many fears when considering a move to new housing or in unfamiliar surroundings, and may have some anxiety about leaving their homes and neighborhoods.

Seniors have many options when they are considering downsixing from their home. They include:

a.) A new home such as a smaller house, townhome, or condominium.
b.) Move seniors into their adult childrens homes.
c.) Seek out independant communities for active seniors.
d.) Explore assisted living and other full service environments for seniors.

The National Association of Realtors advises seniors who are unsure whether a change is in order, to ask these questions to help them make some decisions:

a.) Does your home provide the best environment for the physical needs you have?
b.) Have you isolated yourself from friends and family because your inability to maintain your home has left it in disrepair?
c.) Have you had trouble finding workers to take care of maintenance?
d.) Are Finances keeping you from enjoying the home you've loved for so many years?
e.) Do you feel you have adequate security and access to care where you are?

If you answered yes to any of the above questions, then a change may be in order for you. If you answered no to those questions and want to stay in your home but lack the financial funds to allow you to do so, then you may want to explore the possibility of a reverse mortgage. I would be happy to discuss your situation and help you sort through the choices you have. Just fill out the form below to request more information for senior housing choices.

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