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Why Many Seniors are Choosing Renting over Ownership

Traditionally, homeownership has been seen as the ultimate goal for financial security and stability. However, an increasing number of senior citizens and retirees are opting to rent instead of own.

There are many reasons driving this trend from financial flexibility to reduced maintenance responsibilities. Here are some of the reasons many of our senior clients prefer rent over owning later in life.

  1. Financial Flexibility and Predictability
    For many retirees, financial stability is key, and renting provides a level of predictability that homeownership does not. Mortgage payments, property taxes, homeowners insurance, and maintenance costs can be unpredictable, whereas rent is a fixed monthly expense. This financial consistency allows seniors to better budget their retirement income. Additionally, renting frees up capital that would otherwise be tied up in home equity. Many retirees choose to sell their homes and use the proceeds to bolster their savings, travel, or invest in other experiences.
  2. Reduced Maintenance and Repairs
    Owning a home comes with ongoing maintenance responsibilities, from mowing the lawn to fixing plumbing issues. As homeowners age, these tasks can become physically challenging and expensive if outsourced. Renting eliminates these concerns, as landlords or property management companies handle maintenance and repairs, allowing retirees to enjoy a worry-free lifestyle.
  3. Downsizing for Simplicity
    Many seniors find that their current homes are too large for their needs, especially after children have moved out. Renting provides an opportunity to downsize to a smaller, more manageable living space without the hassle of selling and buying properties. Smaller rental spaces often mean lower utility costs and less upkeep, making daily living more comfortable and cost-effective.
  4. Access to Amenities and Senior-Friendly Communities
    Many rental communities cater specifically to older adults, offering amenities such as fitness centers, social clubs, transportation services, and security features. These benefits allow retirees to enjoy an active and engaging lifestyle without the burdens of home maintenance. Some senior living apartments also provide assisted living options, which means residents can transition to higher levels of care as their needs change—all within the same community.
  5. Freedom to Relocate & Travel
    Retirement is a time of exploration for many, whether it’s moving closer to family, traveling, or experiencing different parts of the country. Renting provides the flexibility to relocate without the commitment of selling a home. This is particularly appealing for snowbirds—retirees who prefer to spend winters in warmer climates and summers elsewhere. Renting makes it easier to move between locations without the financial and logistical burden of homeownership.
  6. Market Uncertainty and Rising Property Costs
    The real estate market can be volatile, and owning a home comes with the risk of depreciation. Some seniors prefer to rent to avoid the unpredictability of property values, especially if they plan on moving within a few years. Additionally, rising property taxes and insurance premiums can make homeownership less appealing compared to the stability of renting.
  7. Avoiding Estate and Inheritance Complications
    Some retirees opt to rent to simplify their estate planning. Owning a home means making arrangements for its future sale or transfer to heirs, which can be complicated and sometimes costly. Renting eliminates this issue, ensuring a smoother transition for loved ones.

As more seniors prioritize flexibility, convenience, and financial predictability, renting is becoming an increasingly attractive option. Whether it’s to downsize, eliminate maintenance responsibilities, or enjoy the freedom to relocate, renting offers retirees a lifestyle that supports their evolving needs.

If you’re a senior considering selling your home and relocating, contact us to discuss the next steps that will align with your retirement vision.

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The 10 Cheapest Small Towns in America

Looking for an affordable place to call home? Small-town living offers charm, community, and most importantly — lower costs. They can be magnets for seniors and retirees who want a slower paced and less stressful lifestyle.

Kiplinger has rounded up the 10 cheapest small towns in the U.S. based on housing, groceries, transportation, healthcare, and other living expenses and 2 Georgia towns snagged spots on the list – Dalton and Dublin.

  1. Hutchinson, Kansas
    Cost of living: 12.4% below U.S. average
    This historic town is known for its salt mining industry and proximity to Wichita. With affordable housing and a low unemployment rate, it’s an ideal spot for budget-conscious residents.
  2. Dalton, Georgia
    Cost of living: 12.4% below U.S. average
    Dubbed the “Carpet Capital of the World,” Dalton boasts a thriving manufacturing industry, historic sites, and a cost of living nearly 13% below the national average.
  3. Morristown, Tennessee
    Cost of living: 12.6% below U.S. average
    Nestled in the Appalachian Ridge, Morristown is known for its outdoor recreation, affordable housing, and low taxes, making it a top pick for retirees.
  4. Dublin, Georgia
    Cost of living: 12.9% below U.S. average
    Halfway between Atlanta and Savannah, this small town offers low-cost housing and a tax-friendly environment, making it attractive for families and retirees alike.
  5. Muskogee, Oklahoma
    Cost of living: 16.1% below U.S. average
    This historic town is home to museums, music heritage, and a VA medical center, all while maintaining a cost of living well below the national average.
  6. Salina, Kansas
    Cost of living: 17.1% below U.S. average
    A hub for manufacturing and healthcare, Salina offers budget-friendly housing and a steady job market.
  7. Ponca City, Oklahoma
    Cost of living: 17.3% below U.S. average
    Founded during the Oklahoma Land Rush, Ponca City’s housing prices are significantly lower than the national average, but it does sit in the heart of Tornado Alley.
  8. Richmond, Indiana
    Cost of living: 17.4% below U.S. average
    A hidden gem with rich jazz history, Richmond offers ultra-low housing costs and a vibrant college town atmosphere.
  9. Pittsburg, Kansas
    Cost of living: 17.8% below U.S. average
    Home to Pittsburg State University, this former coal town is an affordable option for students and families looking for lower housing and living costs.
  10. Harlingen, Texas
    Cost of living: 18.2% below U.S. average
    Located near the Mexico border, Harlingen offers one of the most affordable lifestyles in the U.S., with cheap housing, low taxes, and warm weather year-round.

Moving to a small town can save you thousands per year, but it’s essential to consider things like job opportunities, amenities, community services, and lifestyle before making a move. Whether you’re looking for lower housing costs, a tight-knit community, or a slower pace of life, these budget-friendly towns offer something for everyone.

Want to explore small town locations around east Atlanta? Reach out to us and see how we can help.

>>Click here to read the full article from Kiplinger.

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Baby Boomers are Staying Put

As we kick off 2025, the housing market is witnessing a significant shift among Baby Boomers. Unlike past generations who downsized or relocated to new areas during retirement, many Boomers are choosing to stay put in their current homes. However, for those who are moving, downsizing remains the primary motivation.

Why They Are Staying Put

For years, the housing industry anticipated a wave of home sales as Baby Boomers transitioned into retirement. Yet, this expected surge has largely not materialized. Several factors contribute to Boomers staying in their homes longer than previous generations:

  1. Emotional Attachment: Homes are filled with decades of memories and hold sentimental value, making it difficult for many to leave.
  2. Favorable Mortgage Rates: Many Boomers secured low mortgage rates years ago, making it financially advantageous to stay rather than purchase a new home at today’s higher rates.
  3. Aging in Place: Advances in home modifications and in-home care allow Boomers to age comfortably and safely within their existing residences.

Downsizing as the Primary Reason for Moving

While a large portion of Boomers are staying put, those who are moving cite downsizing as their main reason. Downsizing offers several benefits, including reduced maintenance, lower utility costs, and the ability to tap into home equity. However, the process isn’t without challenges:

  • Lack of Suitable Options: Many Baby Boomers struggle to find smaller homes in their desired locations that meet their lifestyle and budget needs.
  • Competition with Younger Buyers: Smaller homes are highly sought after by younger generations, leading to bidding wars that can complicate the downsizing process.
  • Emotional Hurdles: Letting go of a long-time home filled with memories is never easy.

Implications for the Housing Market

The decision of many Boomers to stay in their homes contributes to the ongoing inventory shortage in the housing market. Younger buyers, particularly Millennials, face increased competition and rising prices due to fewer homes being listed for sale. On the other hand, the emphasis on downsizing among Boomers could spur demand for smaller, low-maintenance properties, driving developers to prioritize this segment in the coming years.

Looking Ahead

As we move into 2025, the Baby Boomer generation continues to redefine retirement living. Whether staying put or downsizing, their choices have far-reaching implications for the housing market. For those navigating these transitions, understanding the motivations and challenges unique to this group is key to making informed decisions.

Are you ready to explore relocating? Contact us for a consultation. We’re here to help.

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Is November a Good Time to Sell Your Home in Georgia?

If you’re thinking about selling your home in Georgia, you might wonder if November is a good time. While spring and summer are typically peak seasons for real estate, November can still be a great month to sell. Here’s why.

  1. Serious Buyers – In November, the buyers out there tend to be serious. These are people who need to move before the holidays or the end of the year. They’re motivated, which can lead to quicker sales.
  2. Less Competition – Many sellers wait until spring to list their homes, so there’s less competition in November. With fewer homes on the market, your property has a better chance to stand out.
  3. Fall Curb Appeal – Georgia’s beautiful fall foliage can give your home a cozy, inviting look. With some seasonal décor, you can boost your home’s curb appeal and attract potential buyers.
  4. Year-End Tax Benefits – Some buyers may be looking for year-end tax benefits, like deductions from mortgage interest or property taxes, which can motivate them to close on a house before the new year.
  5. Mild Weather – Georgia’s weather in November is mild and pleasant, making it easier for buyers to view homes compared to harsher winter months.

    Bottom Line: While spring is still the busiest time for real estate, selling in November in Georgia has its perks. With motivated buyers, less competition, and fall curb appeal, it could be the perfect time to list your home!

Thinking about selling? November might be your month. 🌟 Contact us today to discuss what’s right for your family.

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15 the new 30 for many homebuyers.

While many of my clients purchased homes over the years with the traditional 30-year mortgage, increasingly I see younger buyers opting for a 15-year mortgage. Why? It can help them build a bigger nest egg for later in life.

A recent Kiplinger article looked at the benefits and drawbacks. It noted that people in their 20s are dealing with student loans, marriage and children. Then in their 30s and 40s are facing obligations like college tuition and elder care. When they are in their 50s, many wish they had focused more on saving earlier in life.

For those who qualify, a 15-year mortgage can help reduce financial challenges that often persist through middle age. The most significant difference is the length of repayment and its impact on finances. Although a 15-year mortgage comes with higher monthly payments, it offers remarkable long-term savings.

  1. Faster Equity Building: Paying off the mortgage in 15 years allows one to build home equity more rapidly, giving financial security sooner.
  2. Significant Savings: Opting for a 15-year loan can save thousands in interest payments, making it a smarter financial choice over the long haul.
  3. Early Mortgage Freedom: Be mortgage-free a full 15 years sooner, giving you the freedom to reinvest in other areas, such as stocks, bonds, or even additional real estate.

There are drawbacks including:

  • Higher Monthly Payments: A shorter loan term means a higher monthly payment, which can be challenging for some buyers to manage.
  • Tougher Qualifications: Some lenders may require higher financial standards to qualify for a 15-year mortgage.
  • Less Flexibility: With more income tied up in mortgage payments, you may have less flexibility for other financial goals.

Of course, homebuyers have to know what they can afford. The 28/36 rule is a great guide suggesting that no more than 28% of your gross monthly income should go toward home-related costs, with no more than 36% allocated to debts. And homebuyers should have three months of payments in reserve in case of a financial emergency.

The best advice I give any home buyer is to speak with a mortgage expert who can evaluate the situation and determine what mortgage best aligns with their personal goals.

>>Read the full article from Kiplinger here.

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The Silver Tsunami

It’s starting to show up in articles and in the news but what exactly is the Silver Tsunami?

“Silver Tsunami” is a term used to describe the demographic shift that is occurring as the baby boomers—those born between 1946 and 1964—age. This aging of this large generation is creating both opportunities and challenges for society.

It will have a profound impact on things such as:

  • Health care & long-term care costs
  • Social Security strains
  • Workforce shifts
  • Transfer of wealth

The Silver Tsunami will also have an impact on real estate. Baby Boomers are aging out of their homes and downsizing. As a result, many of their homes will hit the real estate market.

For homebuyers, the anticipated influx of homes could significantly affect housing supply. Since baby boomers are often looking to downsize and not buy another home after selling, the market may see more available properties, helping to balance supply and demand. This could ease competition for younger buyers, stabilizing home prices and creating more affordable opportunities for those looking to buy.

While the full effects of the Silver Tsunami may take several years to unfold, it’s expected to gradually increase housing inventory, which could help address the current shortage.

Want to know more, contact us here at Atlanta Seniors Real Estate. We’re happy to answer any questions you may have.

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Tips for a Smooth Transition and Avoiding Moving Scams

Tips on how to protect yourself or family members from a moving scam.

As a Seniors Real Estate Specialist with a decade of experience, I understand the importance of a smooth transition for older adults during their relocations because I have witnessed the challenges faced by older adults during downsizing, resizing, or relocating.

In my work, I’ve partnered with local movers, which has been helpful for my clients to keep the stress down when they don’t know who to trust. Remember, protecting your move starts with informed choices and prioritizing safety and peace of mind – trust your gut, if something feels off, it probably is.

This article from AARP, How to Avoid Moving Scams, has great tips on what to look out for and what you can do when in search of a moving company.

Want to know more about local moving resources, simply contact me today.

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Know what your home insurance doesn’t cover.

Clients often come to me with questions about home insurance and how to best protect themselves in their new home. Questions have intensified over the past couple of years with increasing reports of wildfires, floods, hurricanes, tornadoes and a myriad of other risks that can damage property.

Understanding what’s covered and what’s not can save you from unexpected financial burdens. A recent Kiplinger article provides a good guide on the topic.

What’s generally covered:

1. Dwelling: Damage to your house and attached structures like porches or garages.
2. Other Structures: Damage to standalone structures on your property.
3. Personal Property: Reimbursement for damaged or lost possessions.
4. Loss of Use: Coverage for temporary living expenses during repairs.
5. Personal Liability: Protection against lawsuits for injuries or damages on your property.

Common Inclusions:

  • Natural Disasters: Most policies cover damage from events like hurricanes, fires, and snowstorms, including detached structures.
  • Contents: Home insurance typically covers the contents of your home, but evidence may be required for claims.
  • Temporary Living Expenses: Expenses like hotel bills during repairs are often included, though with limitations.
  • Liability Protection: Coverage extends to legal fees and medical bills for injuries on your property.

What’s NOT covered:

1. Floods: Standard policies don’t cover flood damage; separate flood insurance is necessary, especially in flood-prone areas.
2. Earthquakes, Landslides, and Sinkholes: Damage from these events requires additional coverage, especially in high-risk regions.
3. Water Leaks: Sudden leaks are covered, but damage from neglect or poor maintenance isn’t.
4. Mold: Unless caused by a covered peril, mold damage typically isn’t covered.
5. Valuables: Items like jewelry and collectibles may require additional coverage beyond standard plans.
6. Home Office Equipment: Business equipment may have limited coverage; additional endorsements may be needed.

Understanding your home insurance policy is essential to ensure you’re adequately protected against potential risks. If you’re unsure about your coverage, make a list of questions/concerns and contact your provider who can tailor your coverage for your needs.

>>Click here to read the entire article from Kiplinger.

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Guide to Selling in 2024

Senior Real Estate

It’s the question we get all the time — “When is the best time of year to sell our house?”

According to a recent report from Realtor.com, sellers eyeing a 2024 sale won’t want to miss out on the upcoming sweet spot in the market — this spring is it. Why?

  • Less Competition
    Expect 40% less inventory compared to pre-pandemic levels, giving sellers a competitive edge.
  • More Interested Buyers
    With 22.8% more buyer views per listing, sellers can anticipate heightened interest in their properties.
  • Quick Sales
    Homes are projected to sell 17% faster during this week, thanks to favorable market conditions.
  • Higher Prices
    Listing prices are $34,000 higher than at the start of 2024, providing sellers with potentially higher returns.
  • Fewer Price Reductions
    With 24.6% fewer homes featuring price reductions, sellers can maintain their asking prices more effectively.

    For sellers looking to capitalize on this opportune moment, preparation is key. Start by considering these essential steps:

    1. Curb Appeal – spruce up the property’s exterior
    2. Professional Guidance – begin discussions with your real estate agent
    3. Price Strategy – your realtor will help you right price your home to sell

    It’s true that many people don’t want to sell because they are worried about higher mortgage rates but this is a great opportunity for seniors who are often looking at downsizing and have flexibility in where they live. They’re not tied to a local school or being close to the office. And many of our clients, are very open to renting.

    >>Read more on this subject from Kiplinger.

    If you or a retired family member is considering selling, contact us to learn how real estate transactions involving seniors are unique and there are different factors to take into consideration. Schedule a consultation with us today.

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    Why people love Silver Summit Condominiums

    Older adults looking to downsize and relocate to be closer to their adult children are finding
    places like Silver Summit Condominiums in Conyers, GA very appealing. Having worked
    within this active adult community since 2017 as the Seniors Real Estate Specialist for retirees, I have a good take on why it’s an excellent housing option.

    1. Purpose-Designed Homes
      Silver Summit homes are thoughtfully designed for aging in place. Everything on one level,
      spacious and open for varying types of mobility, minimum of 2 bedrooms and 2 baths, lots of storage space and a two-car garage for the convenience of getting out of your car and entering your kitchen which most retirees love. The added bonus for most of the units in Silver Summit is the beautiful bright sunroom. Most units have modern features while some could use an upgrade from when most of them were built in 2006/7. There are 8 units that were built in 2018 that feature more update finishings, such as smart-tech for the HVAC controls, alarm system, and appliances. The accessible level counters, roll-in shower and stepless entrances are some of obvious universal design features.
    2. Well maintained Amenities
      Silver Summit offers a range of amenities that cater to an active lifestyle. A welcoming
      clubhouse space for homeowner meetings, socializing and community events. The pool is perfect for relaxation and staying fit or enjoying with the grandkids on their rare visits. There is also an exercise room kitted out with ellipticals, treadmill, weights and mats, ideal for maintaining physical health without having to leave the community. The community is designed around one street in and out, which has become the ideal walking track for some residents.
    3. Low Maintenance Living
      No more weekend chores unless you are tending to your patio plants! The exterior maintenance of homes in Silver Summit is handled by the HOA. No more mowing, painting, or roof repairs. Designed with older adults in mind, these single-story homes prioritize convenience and comfort, all you have to be concerned with is the interior of the home. The HOA fee will cover all exterior features and amenities as well as water, sewer, trash, termite and fire sprinkler maintenance.
    4. Lower Property Taxes
      Property taxes in active adult communities tend to be significantly lower than those in traditional neighborhoods but also due to the homestead exemption that is given to residents who qualify with age and other status that each county offers.
    5. Convenient Location
      The convenience of being able to walk to Shopping & Dining within 5-10 minutes attracts many who live at Silver Summit. A short drive allows for visits to the new Salem Gate shopping complex, or Ga 20 toward Publix and Target or just across the street for Kroger. Everything including clinics, hospital, gas stations and hotels are within easy reach.
    6. Safety and Security
      Active adult communities prioritize safety. Residents can feel secure in a well-maintained
      environment that has a camera monitor for the entrance of the community and sometimes sees our local police showing their presence. The sense of community fosters watchfulness and support among neighbors.
    7. Vibrant Social Life
      Silver Summit residents come together to encouraged socialization through organized trips, classes, and special interest groups. Regular newsletter updates invite all residents to engage and make friends with fellow residents who share similar life stages and interests.
    8. Health and Well-Being
      While there is not specific health care service affiliated to the community, the community’s
      amenities promote physical activity and engagement, and residents share information with each other about services that can benefit their well-being needs.

      Silver Summit Condominiums offer a blend of comfort, community, and
      convenience. Whether you’re a retiree seeking an active lifestyle or an adult child researching options for your parents, Silver Summit is a place to call home.

      Don’t Wait Until Retirement!

      If retirement is on the horizon, consider the benefits of active adult living now. I can’t tell you how many people wished they had made the move earlier. The stories from our clients are endless when it comes to how their lifestyle was enhanced by moving to an active adult
      community.

      For more information, visit the official website or contact Hilary Walker at 678.609.8019 or
      email hilary@atlantaseniorsrealestate.com. You can also use the button below to search for homes. Select Master on Main to narrow the search for active adult and senior living properties. You can contact us to discussion options and receive a unique link for your active adult home search in any area.
    Search Homes Here
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    Your Relocation Checklist

    With years under my belt as a real estate agent, one thing that I know for certain is that moving is exhausting. Clients often feel overwhelmed just thinking about it.

    One of the best tools to help manage those feelings is a checklist. It helps you stay focused and organized.

    Smooth Mooove Senior Relocation Services shared a list with me recently that I’ll paste below. If you need assistance with moving, they’re a great resource and they offer a free estimate.

    The Moooving Checklist

    ☐ First assignment: Decide what to keep, sell, or giveaway.

    ☐ Sort through your belongings: Give heirlooms to children and relatives who have room for them. Create donation bins.

    ☐ Decide whether to move yourself or hire professionals. Make reservations with a moving company or truck rental company.

    ☐ If hiring a mover, call three companies for estimates, ensuring they are licensed, bonded, insured, and DOT registered. Inquire about their employment status (W-2 employees, 1099 contractors, or day labor).

    ☐ Gather packing supplies: Boxes, packing material, tape, felt markers, and scissors.

    ☐ Make travel arrangements if moving a long distance: Airline, hotel, and rental car agency.

    ☐ Save all moving receipts for potential tax deductions. Check the current tax code for requirements.

    ☐ Place legal, medical, financial, and insurance records in a safe and accessible place. Scan documents so you always have a backup.

    ☐ Purchase replacement coverage for valuables to be moved.

    ☐ Have antiques, art pieces, and other valuables appraised for insurance purposes.

    ☐ Begin decluttering: Start with the basement, attic, garage, and other non-used areas.

    ☐ Use up foods and cleaning supplies that cannot be moved.

    ☐ Change your address on USPS.com.

    This checklist is just a start. Companies like Smooth Mooove also provide moving supplies and other resources o just ask about things you’ll need to ensure yours is a smooth one.

    Need other resources as you prepare to relocate? Just reach out to us at Atlanta Seniors Real Estate. We’re happy to help.

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    How technology is helping seniors age in place.

    Studies show that 90 percent of adults over 65 prefer to age in place rather than relocate to a senior living community. The good news is that new technologies are making it easier to support independent living for seniors.

    One effective approach to enhancing livability is by incorporating universal design. It’s creating spaces that are accessible and functional for people of all ages and abilities. By adding features such as grab bars, widened doorways, and non-slip flooring, homes can be made safer and more accommodating for aging residents.

    Technology plays a crucial role in facilitating aging in place. There are four main categories of technology that can help seniors remain in their homes longer:

    1. Communication and Engagement: Tools like video calling platforms and social media can help older adults stay connected with friends and family, reducing feelings of isolation and loneliness.
    2. Health and Wellness: From wearable fitness trackers to remote monitoring devices, technology can support seniors in managing their health and maintaining independence. Medication reminders and telehealth services are also valuable resources.
    3. Learning and Contribution: Online learning platforms and digital volunteering opportunities empower older adults to continue learning and making meaningful contributions to their communities.
    4. Safety and Security: Smart home devices, such as motion-sensor lights and smart locks, enhance home security and provide peace of mind for seniors and caregivers. And devices can contact emergency services when needed.

    For caregivers supporting older adults, technology can streamline caregiving tasks and improve efficiency. From mobile apps for medication management to online resources for caregiver support, there are a variety of tools available to assist caregivers.

    Explore technology that can help with a senior aging at home and, importantly, remain open to the signs that you or a loved one may need to relocate for health and safety reasons. There could be a need for additional care and attention or a living space that is more manageable and designed specifically for aging residents.

    When it’s time to relocate, to sell a home and identify a new residence, reach out to a Senior Real Estate Specialist like Atlanta Seniors Real Estate to help guide you through the process.

    >>Visit www.seniorliving.com to learn more about technology and senior care.

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    How to Prep Your Home for Selling

    10 Things to do before you put the “for sale” sign in your yard.

    Senior Real Estate

    One of the first questions I get from clients is how to prepare their home to go on the market? It’s a topic that can overwhelm a homeowner who is making a real life change.

    Here are ten quick tips I give clients to give them the best chance of getting top dollar for their home.

    1. Declutter and Depersonalize: Declutter and depersonalize the house. Remove personal items (yes, all the family photos), excessive furniture, and unnecessary belongings. A clean and clutter-free space helps the buyer see themselves in the home.
    2. Deep Clean: A clean home is a marketable home. It shows the homeowner cares about home maintenance. Clean vents, fans, baseboards, windows and carpets. If you can’t do it yourself, it’s worth bringing someone in for a cleaning before we start showing the home to buyers.
    3. Make Necessary Repairs: Address issues that might deter potential buyers such as leaky faucets, squeaky doors, and holes in the wall.
    4. Refresh Paint and Finishes: A fresh coat of paint can work wonders in revitalizing your home’s appearance. Stick to neutral colors to appeal to a broader range of buyers and touch up areas that may have chipped paint.
    5. Enhance Curb Appeal: First impressions matter. Spruce up your home’s exterior by landscaping, mowing the lawn, and adding potted plants or flowers. Ensure that the front door and exterior are in top-notch condition to create a welcoming entryway.
    6. Stage Your Home: Arrange furniture to showcase the flow of each space and create a warm, inviting atmosphere. I often recommend a stager if that is what is needed to sell your home more quickly and at a higher price.
    7. Set the Right Price: I’ll research comparable home sales in the area to determine a competitive and realistic asking price. Overpricing your home can discourage potential buyers, while underpricing might leave money on the table.
    8. Create an Online Presence: I will also ensure my client’s home is advertised online and that there are photos to draw in prospective buyers.
    9. Gather Necessary Documents: Streamline the closing process by gathering important documents in advance. This includes property records, warranty information, and any relevant paperwork on recent improvements or repairs.
    10. Be Flexible and Open to Feedback: It’s also important that sellers be flexible with showings and listen to buyer feedback. Being adaptable can speed up the sale process.

    I remind sellers it’s important to detach from the home they’re selling and focus on what’s next for them. It’s tough especially for families who have lived in a home for decades, but it helps the process go more smoothly.

    Have questions about selling your home and looking for your next one? Reach out to us at Atlanta Seniors Real Estate – we’re here to help.

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    The benefits of living in a senior apartment community.

    When seniors and their families come to me, it’s often because they’re ready to sell a home and downsize. They want easier living and prefer to spend less and money time maintaining their home. For some, that means looking at senior apartments.

    The benefits? There are many. Here’s our Top 7.

    1. Frees up time. You don’t have to deal with homeowner responsibilities like repairs and maintaining the yard. You will have more time to spend on hobbies or with family and friends.
    2. Amenities. Many senior apartment communities these days come with a pool, hot tub, clubhouse, a gym, game room, and some even have on-site theaters or bowling alleys.
    3. Designed for seniors. Senior apartment designers usually have included features for seniors like grab bars in the bathroom, non-slip flooring, easy to reach cabinets, and other accessibility features.
    4. Social life. Senior apartment residents say that they appreciate living near others at the same phase of life. They enjoy social activities and gatherings together in the community.
    5. Transportation. You may find that the community provides transportation services to shopping centers, medical appointments and often day trips and excursions for residents.
    6. Security. Increasingly senior apartments have security in place to provide residents with peace of mind. The community may be gated or the buildings may have security. Most have cameras and lighting to provide a more secure environment.
    7. Progressive living. In our area, many senior apartments are located in communities that also offer other services as needed such as assisted living.

    >>Want to know more? Check out a great article about this subject from SeniorLiving.org.

    If you’re thinking about what’s next, a Senior Real Estate Specialist (SRES) is a great first step. If you’d like to speak with us, contact us today.

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    Top 5 Homebuyer Turnoffs

    When my clients are considering selling their home and we want to get top dollar, I really encourage them to take a look from a purchaser perspective. Being aware of what things turn off a buyer is essential.

    Opendoor did some research and found the top turnoffs for buyers. If you’re thinking about making any improvements this year and know you’ll be selling at some point in the future, this can be quite helpful.

    1. 54%: Outdated bathrooms
      Think outdated tile, cabinets and countertops. Consider new light fixtures and fresh paint to make the bathroom look bright and clean.
    2. 49%: Old carpet
      Old carpet can be overwhelming and distract from other features in the home. If you can’t afford to replace it, ensure it is clean and stains are treated.
    3. 41%: Outdated kitchen features (countertops, cabinets etc.)
      It’s generally the most used room in the house so it needs to function well. Cabinets can be painted but explore replacing outdated countertops and backsplash.
    4. 32%: Textured ceilings
      It can be costly to have them scraped and painted but some homeowners can do it themselves. Either way, that clean, flat ceiling can make a big impact on a room.
    5. 30%: Outdated appliances
      Old appliances need to go but if you can’t replace them, ensure they’re clean and working. Some sellers are able to turn a quirky, vintage appliance into a selling feature perhaps in a midcentury modern home but it’s rare.

    Also, pay attention to curb appeal. The appearance of your home’s exterior sets the tone for what the buyer will find inside. They’ll start calculating at the curb what they’ll need to spend to make the home livable for them.

    >>Read the full article from Opendoor here and if you’re interested in discussing a home sale or purchase, we’d love to speak with you. Click here to contact us.

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    2024 Changes Affecting Senior’s Finances

    When families come to Atlanta Seniors Real Estate to discuss selling a home, buying a new home, or searching for a senior living or retirement community, one of the first discussions we have is about finances. That conversation will help guide decisions and illuminate the choices they have.

    2024 has brought with it financial changes that retirees will want to be aware of — changes in Medicare, Social Security, taxes, retirement plan contributions and more.

    AARP looks at some of the changes in a recent article which looks at the points below.

    1. Social Security – The cost-of-living adjustment will raise monthly payments by 3.2% and the average retirement benefit will climb nearly $60 a month. (read more about Social Security changes here)
    2. Medicare – Standard premiums for Medicare Part B are seeing a 6% increase to $174.70 a month and the annual deductible climbs to $240. (read more about Medicare changes here)
    3. Retirement Plans – The contribution limit went up $500 so seniors can now put up to $8,000 into an IRA for 2024 including a $1,000 catch-up contribution.
    4. Required Minimum Distributions – It used to be that Roth IRAs were not subject to the required yearly withdrawals while the owner is alive but now that exception will also apply to Roth 401(k) and 403(b) accounts. The age for RMDs went up to 73 last year.
    5. Standard Tax Deductions – If you or your spouse is 65 or older, he deduction for a single filer or head of household is up $1,000 from 2022 and up $200 for couples filing jointly.
    6. Full Retirement Age – The Social Security full retirement age has been gradually increasing and will reach 66 and 8 months later this year.

    >>Click here to read the article in its entirety on AARP.org.

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    When do I get paid for the sale of my house?

    Once a home sale is imminent, I’m always asked — “How soon will the money be in my bank account?” It sounds like an easy enough question, but there’s not always an easy answer.

    The answer depends on several factors — not too surprising as a real estate transaction can be a complex process. A recent article on Realtor.com looked at the money from offer to closing and when a home seller can expect those transfers into their bank account.

    1. Earnest Money – Generally between 1-5% of the purchase price paid within 3 days of signing the purchase contract to demonstrate that the buyer is serious about the property. Some refer to it as a “good faith deposit.” If the buyer backs out and breaks the contract (and the seller is not at fault) the seller gets to keep the earnest money.
    2. Down Payment – A down payment shows the bank or lender that the buyer has the money to pay back the loan they’re getting and is made after the deal is approved by the bank.
    3. Wait – The lender will likely have a list of obligations to be met at this point — things like an appraisal, inspection, repairs, disclosures, contingencies and more. The contract will outline when these will take place. On average, the closing process takes 50 days.
    4. Closing Day – This is when the buyer gets the money. After the real estate transaction is closed and all fees/commissions are paid, escrow pays the seller. These days, that’s a wire transfer and happens quickly.

    My best advice is to be patient and take it step by step. If you have any questions, reach out to Atlanta Seniors Real Estate. We’re happy to help.

    >>Click here to read the full article on Realtor.com.

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    Clean energy home improvement projects deliver tax credits.

    If you’re interested in making energy-efficient home improvements, you might want to check out the Inflation Reduction Act of 2022 (IRA) which was passed last year. It encourages homeowners and renters to move toward clean energy by providing incentives including tax credits and rebates.

    One of the changes that has been in the news recently is moving away from gas stoves and toward alternatives like induction heat. Other home improvements include replacing gas water heaters, new windows and doors, insulation, and adding solar panels.

    A recent SRES blog says some of the available IRA tax credits for homeowners include:

    • Home energy audits – A 30% tax credit (up to $150).
    • Heat pumps – A 30% tax credit for the costs of buying and installing a heat pump. 
    • Windows and skylights – A 30% tax credit (up to $600 annually) on exterior windows and skylights. 
    • Electric vehicles – Up to $7,500 toward the purchase of a new electric vehicle (EV) and up to $4,000 toward the purchase of a used EV. 

    Here are some great resources SRES.org offers for more details:

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    Finding the design style that will help sell your house.

    When I meet with many families considering selling a home, they’re often wondering how best to spruce the place up to make it as appealing as possible to buyers. Many have been scrolling through social media looking for ideas and styles. They’re tracking trends on Instagram, looking at ideas on Houzz, or checking Pinterest Boards.

    So, what styles really are the most appealing to buyers? Is it industrial, modern farmhouse, midcentury modern or, two of the newest trends, grandmillennial and coastal grandmillennial?

    A recent article for the National Association of Realtors looks at the most popular trends on Instagram which are a great guide and provide inspiration when staging a home for sale. When listing homes representing some of the highly sought after styles, we can use hashtags of those designs in online listings to draw in prospective buyers who may have otherwise skipped over looking at a property.

    >>Click here for the full article and a look at what styles are the most posted on Instagram.

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    The easy way to enhance your curb appeal

    Whether you are planning to sell your home or you want to age in place and enjoy your home for years to come, flowers can alter the perception of a home. Vibrant blooms will enhance your curb appeal and draw prospective buyers to your house, or the blooms can simply create lasting joy for the homeowner.

    Consider landscaping with plants that will bloom year-round — it just requires a little planning but delivers a big return.

    A recent AARP article provides practical tips on how to make the most of your outdoor space including:

    • Contact your local extension service to get a soil test.
    • Make needed adjustments to the soil and evaluate the planting area.
    • Choose plants that will work best in your environment.
    • Consult the U.S. Department of Agriculture’ ‘s plant hardiness zone map.
    • Consider native plants that are essential to pollinators.

    Click here to read the full article with more tips for planting and maintaining your flower garden.

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    Is it time to live like the Golden Girls?

    As a Senior Real Estate Specialist, I not only help people purchase and sell homes but also advise families as they search for the perfect senior living arrangement. That may be aging in place, moving to 55+ communities or senior living facilities. These days, I recommend families not be afraid to think creatively.

    We’re hearing about adult children building “Granny Pods” or tiny houses for their aging parents so they can be nearby. And increasingly, seniors are looking at shared living arrangements. Yes, roommates. Not only does it help alleviate the financial burden, but it also provides companionship and a support network.

    One option is co-housing, where a group of individuals of similar age and interests come together to share a home or a community. Each person or couple has their own private living space, but there are also shared areas such as kitchens, living rooms, and gardens. Co-housing offers the best of both worlds: privacy when you need it and a supportive community right at your doorstep.

    Another alternative is home-sharing, where two or more seniors with compatible lifestyles and preferences share a larger house. This arrangement allows you to split expenses, maintain your independence, and enjoy companionship with like-minded individuals. It’s a fantastic way to build lasting friendships while saving on living costs.

    Moreover, many retirement communities and senior living facilities have recognized the growing interest in roommate options and have started to incorporate shared living arrangements into their offerings. These communities often provide a range of amenities and services, including social activities, housekeeping, and dining options, making it even more enticing for seniors looking to share their living space.

    Kiplinger recently published an article about creative ways to save early in retirement which includes looking at roommates. Read the full article here and explore some of the ways they suggest retirees save or make a little extra money.

    If you have any other questions or concerns, please feel free to ask. I’m here to assist you every step of the way! Contact Hilary Walker.

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    Dreaming of a relaxing Florida retirement? Read this first.

    As a real estate agent dedicated to assisting senior citizens with relocation and often finding their ideal retirement havens, I understand the importance of finding a place that not only meets your unique needs but also fulfills your dreams of a fulfilling and vibrant retirement.

    Many of our Atlanta Seniors Real Estate clients are looking south to Florida which has long been revered as a premier retirement destination, and for excellent reasons. With its year-round pleasant weather, stunning natural landscapes, and an array of recreational opportunities, Florida offers an unparalleled retirement experience. Whether you envision yourself basking in the sun on a pristine beach, exploring cultural treasures, or indulging in an active and social lifestyle, Florida has it all.

    Wondering where some of the best Florida retirement communities are? Check out the Florida for Boomers webpage which highlights some of the state’s 55+ communities which may not be on your radar quite yet. The website is a great resource for people looking to relocate to senior communities in the sunshine state.

    The webpage has specs on communities in Ocala, Naples, Venice, Port St. Lucie, Boynton Beach, Port Charlotte, Punta Gorda and Ft. Myers, among others. It also has details on two of the states most well-known 55+ communities — The Villages and Margaritaville.

    If you plan to make that move in the coming days, weeks or months, just reach out to us at your convenience with any questions you may have.

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    When a realtor tells a senior NOT to relocate.

    As a Seniors Real Estate Specialist (SRES), many of my consultations with older adults who are thinking about downsizing and relocating, (a good 10-15% of them) will lead to a discussion about aging in place.

    Aging in place can also be about helping clients find a forever home to move to in a new location, which is conducive to the needs of the person and may even help them stretch their finances, depending on how they chose to finance the next place. In some cases though, I consult about staying put… Many wonder why I would do that instead of finding them another home to move to.

    Well, the answer is simple… because sometimes the home is already their forever home, IF, and only if, they consider a few changes to ensure the home is better suited to their current needs. My goal is never to move someone who doesn’t need (or want) to move.

    Here’s a case study as an example: I visited a lady who had a 2-story home with a guest bedroom and small bathroom on the main floor, and 3 bedrooms and 2 bathrooms upstairs, which included the owner’s suite. The space was open and spacious on the main level. She had recently become a widow and had paid off the mortgage as instructed by her late husband’s final wish. She loved the community she has lived in for 20+ years but thought it would be best to move to a smaller house. As we talked and did the research, we concluded that the equity in her house would not quite cover the purchase of a forever home and she was not willing to go back to having a mortgage payment of any amount.

    The plan of action I suggested was to:

    1. Get quotes to remodel the guest bathroom on the main floor allowing that to become a true main level owner’s suite, accessible for her to live in as opposed to having to go up and down stairs every day.
    2. Get quotes to update the entrances to the home adding accessible features including universal design touch-ups that would allow her to age in place in the current home and not have to experience moving from a place and location she loved and could afford to keep. 
    3. Revisit after getting quotes to discuss the options again and consider if she would need additional information to fund the renovations or if moving would be back on the table as an option and how to do that without costing her too much in monthly expenses.

      My role as an SRES Realtor was simply to advise and refer contractors or remodeling companies that would incorporate the ADA/universal design features, as well as staying in touch to provide additional information until the homeowner had made their decisions.

    We sometimes provide services without financial gain.

    We always say real estate is more than property, it’s about the people!

    We are available to answer questions you or someone you know has about aging in place or finding your next home. Contact us any time.

    Additional Resources: AARP article on stylish updates for aging in place.

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    Factors seniors consider when relocating.

    Today’s retirees are on the move. Crime, traffic and more and sending many of them away from the cities they’ve lived in for decades but how do they decide where to move next?

    A great article called “Politics and Pickleball” looks at some active seniors who searched for their next home but looked at much more than the real estate. The article says that while they consider proximity to family, recreational opportunities, cultural events, and climate, the surprising factor increasingly cited by retirees is — politics.

    Some want a state with politics more in line with their own perspectives while others were interested in the opportunities created by being in a place where their own politics may not be the majority.

    Read the full article on NextAvenue.org.