Posted on

The election’s impact on real estate.

Now that we’re immersed in election season, many people ask me how the race and ultimate outcome could impact the housing market. Many of my baby boomer clients are reluctant to take action until they have a better feel for how their personal finances will be affected by this year’s presidential election.

Ultimately, I tell them that if they need to relocate or downsize, they should proceed. While finding space in a local senior living community may be fairly easy, finding a home could be challenging if inventory is low as people adopt a “wait and see” approach to selling.

Regardless of whether you’re looking to buy or sell a home, it’s important to understand how political changes can affect everything from mortgage rates to housing inventory.

1. Potential Changes to Mortgage Rates

The election can influence mortgage rates, as candidates’ policies on the economy, inflation, and the Federal Reserve play a role in shaping interest rates. If policies favor economic growth and stability, mortgage rates may remain low or stable, which benefits both buyers and sellers. Conversely, if uncertainty or inflation concerns arise, mortgage rates could increase, making it more expensive for buyers to finance homes.

2. Housing Market Regulations and Policies

New regulations or policies introduced by elected officials can impact the housing market. For example, changes in tax laws, incentives for first-time homebuyers, or new affordable housing initiatives could alter the demand for homes. These changes could benefit buyers by providing more options or financial incentives, while sellers might see shifts in market activity depending on how the policies influence buyer behavior.

3. Economic Confidence and Market Activity

The housing market thrives on economic confidence. A stable political environment can boost consumer confidence, encouraging more people to buy or sell homes. In contrast, uncertainty or economic concerns following an election could lead to a slowdown in the housing market as buyers and sellers wait to see how the economy will be impacted.

4. Local vs. National Elections

Local elections can also play a crucial role in the housing market. Local policies on property taxes, zoning, and infrastructure development directly impact home values and desirability. Buyers and sellers should keep an eye on local elections to understand how they might affect their specific market.

Want to know more?

While the impact of an election on the housing market can vary, being informed and prepared is key. Whether you’re buying or selling, staying updated on election outcomes and policy changes will help you make the best decisions for your real estate goals. If you’d like to discuss options, feel free to contact Atlanta Seniors Real Estate.

If you want to read more about how people see the election impacting the real estate market, click here for an article from MarketWatch.

Posted on

Why baby boomers are house poor.

There are more than 72 million baby boomers in the United States. Many of these boomers find themselves in a challenging financial position — they are “house poor.”

House poor means they spend so much on their home that they struggle to afford other essentials, such as daily expenses, healthcare, and leisure activities. The general rule of thumb is that housing costs shouldn’t exceed 30% of one’s income. However, for those who are house poor, these costs are often much higher.

So, why are baby boomers specifically becoming house poor? A recent article on GoBankingRates.com explains some of the key reasons.

1. Resisting Downsizing

Many baby boomers have seen their homes appreciate significantly over the years and have developed a strong emotional attachment to them. In my experience, that along with the daunting task of cleaning out to downsize prevents many from making a move when it might be the best option.

2. Refinancing Instead of Paying Off the Mortgage

Another trend affecting baby boomers is their choice to refinance rather than pay off their mortgages. While refinancing can offer short-term financial relief or extra cash, it often leads to more debt over time and fewer resources to help one enjoy late life.

3. Reluctance to Rent Out Part of Their Home

Renting out a portion of a home can be an excellent way to offset costs. However, many baby boomers are reluctant to consider this option. For those struggling with home-related expenses, it can help make the home more affordable.

4. Dipping Into Savings to Keep the House

Many baby boomers dip into their savings to cover home-related expenses, which can be risky. I advise clients to consult with their financial advisor to determine whether the home is “affordable.” Seniors can also explore a reverse mortgage.

Finding a Solution: Assessing Your Options

To avoid becoming house poor, assess your financial situation and consider all available options. Ultimately, it’s about making sure the home works for retirement—not the other way around.

Consulting with a financial advisor can provide valuable guidance tailored to individual circumstances, ensuring a stable and enjoyable retirement. And, if you’re considering a move, contact us to help you get started.

>>Click here to read the GoBankingRates.com article in its entirety.

Posted on

What the Fed Rate Cut Means for Homebuyers

The Federal Reserve’s half-point rate cut has many people wondering how they’ll be affected. What does it mean for mortgage rates and for homebuyers in general?

Lawrence Yun is the Chief Economist for the National Association of Realtors, and he weighed in on the rate cut. Yun says it is just the beginning of a series of adjustments expected to continue into 2025, with the next cut likely coming after the Presidential election. This move is driven by cooling inflation and slower job growth in recent months.

Mortgage rates, which aren’t directly controlled by the Fed but are influenced by its decisions, have already dropped by 150 basis this year. However, any further declines are expected to be minimal. The high federal budget deficit means large borrowing will limit the available capital for mortgage lending, reducing the impact of future rate cuts.

For homebuyers, the drop in mortgage rates has significantly boosted purchasing power. A buyer with a $2,000 monthly mortgage budget now has about $50,000 more to spend on a home compared to earlier in the year. Those who were previously priced out due to high rates might find themselves back in the market.

It’s a promising shift for buyers, but future Fed cuts may not have as strong an impact due to broader economic factors.

>>More information is available in this Marketwatch wrap up on the Federal Reserve rate hike.

Posted on

Helping Seniors Afford Independent Living

Many of the seniors I work with are at a point in life where they’re exploring whether to age in place, move in with family, or transition to a senior living environment where additional services are available.

The main concern with senior living facilities is the cost — it is sticker shock for many seniors and their families who see prices starting at $4K a month with many communities charging significantly more.

Families then begin to explore what assistance is available to help them afford it.

I recently read an article from the Council on Aging about whether Medicaid can help seniors with the expense of independent living. The short answer is no, though Medicaid may cover other services that are needed as part of the independent living arrangement. Specifically, seniors should understand when and how to apply for  Home and Community-Based Services (HCBS) Medicaid waivers, or 1915(c) waivers. They can help seniors with disabilities remain independent by covering things like home health aides, personal care, housekeeping assistance, adult day programs, respite care, and case management.

You’ll want to check with your state to better understand how the waiver program work where you live.

>>Click here to read the full article from The Council on Aging.

Posted on

The Future of Social Security

As Social Security celebrates its 89th birthday, there’s growing concern about its future. According to the latest report, the reserves that fund benefits for 70 million Americans could be depleted by 2035. If that happens, benefits might be cut by 17% and that has many retirees worried about their financial security.

Should You Take Social Security Early?

According to a Rodney Brooks article on SeniorPlanet.org, many people are choosing to start their Social Security benefits as early as 62, fearing the money won’t be there later. Remember that taking benefits early permanently reduces them by about 30%. For those who wait until full retirement age (66 or 67, depending on when you were born), or even until 70, benefits can increase significantly.

Unfortunately, the fear of losing out is driving some to claim early, even when it’s not in their best interest. If you’re in good health and you can afford to wait, delaying benefits could lead to a higher monthly check for the rest of your life.

What’s Congress Doing About It?

So far, Congress has not taken decisive action to address Social Security’s looming shortfall. Some proposed solutions include:

  1. Raising the income cap on Social Security taxes, which currently applies to income up to $168,600.
  2. Increasing the retirement age beyond the current 66 to 67 years.
  3. Means testing benefits, reducing them for individuals with higher incomes or assets.

So far, there hasn’t been action on these proposals which means the future of Social Security is uncertain.

What Can You Do?

Stay informed. Educate yourself about your benefits and plan accordingly. Read the Social Security Trustees Report, visit the Social Security Administration (SSA) website, and consider speaking with a financial professional to determine the best time for you to file for benefits.

As it stands, most Americans still take Social Security before reaching full retirement age. However, with the potential for future benefit cuts, it’s essential to plan carefully. If you’re under 50, it might be wise to consider other sources of retirement income, as the future of Social Security remains unclear.

>>Click here to read the full Senior Planet article.

Posted on

How to Weather a Turbulent Market

Finance professionals will tell you that some the most volatile stock market days are those from September to Election Day (November 5th) so investors are buckling up for the ride. For American seniors, who may have a fixed or reduced income than in prior years, it can be particularly tough to watch investments and retirement accounts bounce around.

So, what’s the best way for seniors to ride out a bear market?

AARP offers some practical advice.

  • If you’re 50 and eyeing retirement in 15 years, stick to your 401(k) or IRA contributions. Bear markets average three-and-a-half years to recover, so keep investing regularly — you’re buying stocks at lower prices now to sell them high later.
  • For retirees, avoid withdrawing from stock funds during a bear market unless absolutely necessary. Withdrawing when your stock fund is down only compounds your losses.
  • Adopt a “bucket plan” approach. Put investments in three buckets – ultra safe (bank CDs & money market funds), moderate risk (bond funds) and high risk (stock funds). This strategy helps you weather the storm without locking in losses, keeping you prepared for the market’s upswing.
  • Use cash investments for withdrawals. You can replenish the cash or bond accounts when the stock funds recover.

If you’re concerned or have questions, consult a professional financial advisor who can help guide you the turbulent times.

>>Click here to read more from AARP.

Posted on

The connection between pets and senior brain health.

A recent study published in JAMA Open Network reveals a fascinating link between pet ownership and senior cognitive health. Researchers found that having a pet can offer protective brain benefits for those living alone.

An article posted by Consumer Affairs reveals the study compared cognitive skills of older adults who lived with others versus those who lived alone with a pet. The results show that pet owners living alone did not experience faster rates of decline in verbal memory or verbal fluency compared to those living with others.

In addition to the wonderful companionship pets provide, the research suggests that pets might also help slow cognitive decline in seniors living alone.

How the research worked:
-Data from 7,945 adults over the age of 50
-All were enrolled in the English Longitudinal Study of Aging
-Over 20 years, they reported their living status including pet ownership
-They also completed cognitive tests
-35% owned pets and 36%+ lived alone

Pet owners living alone scored higher on cognitive tests than those without pets and that’s research that gives us all an additional strategy to improve the quality of life for yourself or a senior loved one.

>>Read the full article here.

Posted on

The cost of aging in place.

Although my work involves helping seniors downsize and relocate, I do receive a lot of questions from seniors who are exploring whether to “age in place” rather than endure the inevitable stress of a move.

Aging in place simply means you’ve chosen to remain in your family home – perhaps making some changes to accommodate physical limitation. People feel comfortable with familiarity, and it provides a sense of independence.

According to AARP, 77% of adults aged 50 and older prefer to stay in their homes.

Samara Scheckler from Harvard’s Joint Center for Housing Studies points out that while many seniors want to remain at home for independence, 70% will need some form of assistance to do it. This assistance ranges from daily activities to more advanced care, often requiring economic resources that may be out of reach.

A recent article looked at how much money seniors really need to age in place.

The cost of in-home care is a significant factor. MarketWatch reports that the average cost of a home-care aide is $27 an hour, and Genworth’s Cost of Care report shows that these costs are on the rise. A home health aide now costs a median of $61,776 annually, while homemaker services cost about $59,488 per year.

Additional Home Modifications

Beyond direct care costs, seniors may need to make modifications to their homes to ensure safety and accessibility. This could include installing ramps, grab bars, or other mobility-enhancing updates, adding to the financial burden.

Financial Reality

Given these expenses, only 14% of single individuals aged 75 and older can afford a daily visit from a caregiver, according to MarketWatch. While the desire to age in place is strong, it’s crucial for seniors and their families to plan and consider all associated costs and necessary modifications.

Aging in place offers comfort and familiarity but requires careful planning and resources to ensure safety and well-being. As this trend grows, it’s essential to address these challenges to help more seniors live independently at home.

>>Read the full article on how much it costs to age in place.

>>Discover how technology is helping more seniors age in place.

Posted on

The Best Life Insurance Options for Seniors

As we age, the importance of insurance increases. Life insurance can be tricky especially for older Americans.

Yes, the cost increases with age, but many insurance companies today are accommodating of seniors. So, where do you begin to search for a good life insurance company?

NerdWallet, a company that helps people make smarter financial decisions based on reviews and analysis, is just out with top picks of companies offering term or whole life policies for seniors. They looked at numerous factors such as communication, website transparency, rates, consumer reviews, complaint index scores and more then revealed which companies landed at the top.

As with any list of “top picks”, it may provide a starting point, but do your own research to make an informed decision about your future of that of a loved one.

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

Posted on

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.

Posted on

Navigating Senior Transportation Solutions

With the senior citizen population exploding, communities are stepping up to make life easier for older residents — especially when it comes to getting where they need to go safely and with less stress. These programs are particularly helpful for seniors who may have relocated to a new community and are unfamiliar with the area.

At least two Georgia counties have adopted new Uber/Lyft programs giving seniors discounted on-demand rides.

  1. In Fulton, Starline allows members 60+ to pay $1/ride. They can get 16 rides (each up to 15 miles) per month — one round trip per day. There is a $15 sign-up fee.
  2. In Cobb, seniors 55+ pay $2 for the first 15 miles then 85 cents per mile.

New senior transportation programs are popping up every week. Below are a few that we’ve heard about. Just clink on the links to learn more about them.

Also, check with your county’s Senior Services department which will have more localized information to assist you and, if you’re a veteran, be sure to ask about special veteran transportation services.

>Visit our Resource Page for some senior focused programs which have worked with Atlanta Seniors Real Estate.

Posted on

Age-Tech Company Naborforce expands in Georgia

Naborforce, renowned for its on-demand assistance to seniors, is expanding in Georgia in response to the growing elderly population. The Georgia Department of Human Services says the state’s demographic shift mirrors national trends with thousands turning 80 every day starting next year.

Older adults access Naborforce’s network of vetted and trustworthy helpers, known as “Nabors,” for various everyday tasks. From companionship to errands, Nabors offer crucial support, allowing seniors to maintain independence and families to find peace of mind.

Founder and CEO Paige Wilson emphasizes Naborforce’s mission to bring joy and practical assistance to seniors, dubbing their service as “backup sons and daughters on demand.” Setting up assistance takes minutes, with Nabors available for tasks like walks, errands, tech help, and more.

Residents interested in becoming Nabors or seeking assistance can visit naborforce.com. Naborforce’s innovative approach combines technology with community strength, benefiting older adults and their families in Savannah and beyond.

>>Read more about Naborforce here.

For more senior resources, visit our Resource Page.

Posted on

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.

Posted on

How Voice Command Technology Helps Seniors

Whether our clients are downsizing, have decided to age in place, or are moving to a senior living community, one thing is consistent – an increasing number of seniors are finding life is easier and they feel safer with new technologies.

One of the new favorites are voice command devices. They’re easy to use and can do so much to help make life easier.

Voice command devices are exactly what they sound like—devices you control with your voice. Whether it’s your phone or a speaker, simply ask a question or give a command.

Popular options:

  1. Cell Phones: Smartphones like iPhones and Samsungs come equipped with voice-controlled personal assistants like Siri and Google Assistant. They can answer questions, add items to a calendar, send a text, and more.
  2. Speakers: Apple’s Home Pod, Google Home, and Amazon Echo (powered by Alexa) are leading the pack, offering seamless voice control for a myriad of tasks from turning on lights, answering questions, setting timers and making calls. Many clients we work with appreciate the ability to use these speakers to easily call 911 or a family member in the event of an emergency at their home.

Why use them?

  1. Simplify Your Life: Let technology do the heavy lifting. Control smart devices, set reminders, or even place orders—all with just your voice.
  2. Peace of Mind: Stay worry-free with calendar reminders, home automation, and easy note-taking, all at your command.
  3. Never Stop Learning: Get instant answers to questions, play games, or stay connected with family—all with a simple voice command.

>>Read more about voice command technology in the article “3 Reasons Seniors Need Voice Command Devices” from SeniorLiving.com.

>>Feel like you need assistance with incorporating technology into your home? Contact your county’s senior services department or visit a senior center near you. They often have resources or volunteers who are able to help.

Posted on

Track Scams Reported Near You

We’re constantly being reminded to not fall for scams but it’s difficult. Those scams become more sophisticated every day — especially with AI now in play. It’s increasingly hard to distinguish between what’s real and what’s not.

AARP has a new tool that can help you stay ahead of the scams. It’s a Fraud Watch Network Scam-Tracking Map — you can enter your zip code and see scams that have been reported in your area. You can also select to see what scams law enforcement has reported or you can report a scam if you’ve been a victim.

It’s another tool in your toolbox to stay safe and protect yourself and your property. Click here to access the map and get started.

Learn more about AARP features to protect seniors by visiting their website – www.aarp.org.

Posted on

Should you have a will or create a trust?

Many seniors have completed their estate planning which commonly includes a will to manage asset distribution upon their death? But more people are looking at creating a trust instead because of some benefits.

A recent article from Kiplinger recently outlined six reasons to consider a trust:

  1. Distribution Control: Trusts provide a flexible mechanism for directing how and when your assets will be distributed to beneficiaries, even in situations where they may not be capable of making responsible decisions, such as minors or individuals requiring special care.
  2. Avoid Probate: By placing assets in a trust, you can bypass the probate process, which can be time-consuming, costly, and public. This not only preserves more of your estate for your beneficiaries but also maintains privacy and expedites the transfer of assets.
  3. Maintaining Decision-Making Authority: Trusts empower you to maintain control over your assets, ensuring that your wishes are followed in the event of your incapacity or passing. This autonomy can be crucial for a tax-efficient and effective handling of your affairs.
  4. Estate Tax Minimization and Asset Protection: Trusts offer opportunities to minimize estate taxes and shield assets from recovery for governmental benefits paid during your lifetime. Additionally, they provide a layer of asset protection and enable the continuation of family values into future generations.
  5. Ease for Beneficiaries: Establishing a trust can alleviate the burden on your heirs by potentially avoiding lengthy and expensive probate proceedings. It also facilitates the smooth transfer of assets according to your wishes, offering your beneficiaries clarity and security during an emotionally challenging time.
  6. Peace of Mind: Trusts offer invaluable peace of mind by safeguarding privacy, protecting assets, and streamlining the asset transfer process. By mitigating the uncertainties and complexities associated with estate planning, trusts provide reassurance for you and your loved ones.

As always, consult with your financial advisor to determine the most suitable approach for managing your assets and securing your legacy.

>>Read more on this topic from Kiplinger.

Posted on

Why seniors need an SRES to buy or sell real estate.

Navigating the real estate market can be overwhelming. It’s even more daunting when you’re a senior with entirely different factors to consider from when you were younger.

A designated Senior Real Estate Specialist (SRES®) is trained to manage the needs of older adults and guide them through every step of the real estate process.

Here’s why working with an SRES® like us here at Atlanta Seniors Real Estate makes a significant difference.

  1. Specialized Expertise: SRES® designees undergo special training to address the unique needs and challenges seniors face in real estate transactions.
  2. Customized Solutions: From creating a personalized marketing plan to ensuring your new home meets your current and, importantly, your future needs. A SRES® will tailor the approach to fit your situation and needs.
  3. Financial Guidance: SRES® designees are well-versed in the financial aspects of real estate transactions for seniors, including reverse mortgages, retirement accounts, and more. We’re able to help you make informed decisions that align with your financial goals.
  4. Extensive Network: An SRES® can connect you with trusted professionals in their network, including movers, attorneys, and home inspectors, to provide support throughout the process.

We’re pleased that here In Georgia, SRES Hilary Walker is widely recognized for her expertise and compassion in assisting seniors and their families with real estate transitions. Contact her to ask questions or take the next step towards a smooth and stress-free move.

Posted on

How FANS Keeps Georgians Informed About Property Records

Are you a homeowner in Georgia?  Have you heard about scams where fake deeds are used to take over a property?

If so, check out the Filing Activity Notification System (FANS). Developed by the Georgia Superior Court Clerks’ Cooperative Authority (GSCCCA), FANS is a valuable tool that helps residents keep track of important real estate and personal property records.

The GSCCCA was created in 1993 by an act of the Georgia General Assembly. Its focus is on acquiring, developing and distributing record management systems, information, services, supplies and materials that benefit both Superior Court Clerks and the citizens of Georgia. 

How can it help you?

  • FANS allows you to monitor any filings related to your property within the state of Georgia.
  • It’s a free, voluntary program that provides electronic notifications about filing activity.
  • By opting in, you’ll receive alerts whenever something is filed in your name or property address.

Why FANS Matters: Combatting Scams

  • Beware of companies that charge fees to monitor your property—they maybe a scam.
  • FANS empowers citizens to monitor their assets independently, without any cost.
  • It’s one way to stay ahead. If something did happen, you will know before it is too late!

User-Friendly and Flexible

  • FANS accommodates various ways people sign their names or are referred to.
  • You can input multiple names to cover all possibilities.
  • It’s designed to ensure ease of use. When we tested it with our own information, it took approximately 10 minutes (which included reading through their policy information).

Get Started with FANS:

  1. Visit FANS website: https://fans.gsccca.org/
  2. Follow the simple prompts to set up your notifications.

Questions or Concerns about FANS?

  • Reach out to the Georgia Superior Court Clerks’ Cooperative Authority customer support:

Stay informed, protect your property, and enjoy the peace of mind that FANS brings! 🌟🏡

Questions about Atlanta Seniors Real Estate? Contact us here.

Posted on

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.

    Posted on

    Why should you freeze your credit?

    Safeguarding your identity and finances is paramount but it can be confusing.

    Renowned consumer advocate and money expert Clark Howard has been a steadfast advocate for empowering individuals with practical advice to save more and spend less. One of his steadfast recommendations for protecting yourself financially is to freeze your credit.

    Credit Lock vs. Credit Freeze: Understanding the Difference

    Both credit locks and credit freezes serve the purpose of restricting access to your credit information. However, they differ significantly in their execution and implications.

    • Credit Lock: Typically offered by private companies, credit locking services often come with a price tag, usually through a subscription model. Companies like LifeLock, Credit Karma, and TransUnion offer credit locking services with varying degrees of coverage and cost.
    • Credit Freeze: In contrast, a credit freeze is initiated directly with major credit reporting bureaus—Equifax, TransUnion, and Experian. Governed by U.S. law, a credit freeze prohibits access to your credit file, effectively blocking new loan applications until you “thaw” your credit.

    Clark’s Recommendation: Why Choose a Credit Freeze?

    Clark Howard advocates for the simplicity and security of a credit freeze. Unlike credit locks, credit freezes are free and federally regulated, offering a robust layer of protection against fraud and identity theft.

    By taking advantage of free financial products such as Credit Karma or Credit Sesame for credit monitoring and freezing your credit with all three major credit bureaus, you can effectively lock your credit for free—a practice Clark strongly endorses.

    Clark Howard’s advice is clear: opt for the free and federally regulated option—a credit freeze—to fortify your defenses against financial fraud and identity theft. By following these simple steps to freeze your credit, you can enhance your financial security without breaking the bank.

    >>Also check out Clark Howard’s tips for reaching a human at the credit bureaus.

    Posted on

    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
    Posted on

    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.

    Posted on

    What your house says about cognitive health.

    In a recent Irish Times article, John O’Sullivan writes, “According to experts, one potential telltale sign of dementia-induced memory loss is the layout of a person’s home.”

    It caught me by surprise — we’re all concerned about the increases in Alzheimer’s and dementia but I never considered how a house can be an early indicator of cognitive loss. I’ve seen issues while in someone’s home that could have been a red flag but I simply didn’t look at it that way.

    So, what about the home can indicate age-related cognitive issues? The article mentions things like household items that are out of place — a tea kettle in the freezer, for example. It’s fairly obvious, but what else?

    1. Clutter and Disorganization: A cluttered and disorganized home may indicate difficulties in executive functioning – the ability to plan, organize, and complete tasks. Difficulty in maintaining orderliness may also be linked to memory problems and attention issues.
    2. Navigation Challenges: Can the individual easily navigate through the home? Difficulty in spatial orientation and wayfinding may point to changes in brain function, particularly in areas responsible for spatial awareness and memory.
    3. Safety Hazards: Take note of safety hazards or potential risks in the home. Forgetting to turn off appliances, leaving doors and windows unlocked, or neglecting to address tripping hazards can indicate lapses in judgment and decision-making – cognitive abilities that are crucial for maintaining independence and well-being as you age.
    4. Decline in Home Maintenance: Is the person neglecting routine household tasks that they once managed effortlessly? A decline in home maintenance, such as neglecting repairs, failing to pay bills on time, or letting essential services lapse, may signal cognitive impairment.
    5. Changes in Home Environment: Pay attention to any significant changes such as excessive hoarding, unconventional use of household items, or alterations to familiar spaces. These changes may reflect shifts in thinking, perception, or behavior associated with cognitive decline or neurological conditions.

    It’s important to remember that occasional lapses in memory or organization are normal, especially as we age. However, if you notice persistent or significant changes in the layout and organization of the home, it’s essential to seek medical evaluation.

    Early detection and intervention can help address cognitive issues and potentially slow the progression of cognitive decline.

    Posted on

    The importance of retirees braintaining?


    As we age, one of the most vital things we can do is to keep our minds active and engaged. Just as physical exercise is essential for our bodies, mental exercise is crucial for our brains.

    Enter “braintaining” – a concept that emphasizes actively maintaining and enhancing cognitive abilities as we age.

    What exactly is braintaining? It’s an approach to mental fitness involving activities and practices that stimulate the brain, improve memory, enhance problem-solving skills, and promote overall cognitive health.

    So, how can seniors and retirees incorporate braintaining into their daily lives?

    1. Challenge Yourself: Engage in activities that push your cognitive limits. Solve puzzles, play strategy games like chess or Sudoku, or learn a new skill or hobby. The key is to choose activities that require mental effort and provide a sense of accomplishment.
    2. Stay Socially Connected: Social interaction is vital for brain health. Join clubs, attend community events, or simply spend time with friends and family. Engaging in conversations, sharing stories, and participating in group activities can help keep your mind sharp.
    3. Exercise Regularly: Physical activity isn’t just good for your body – it’s also great for your brain. Regular exercise improves blood flow to the brain, promotes the growth of new brain cells, and enhances cognitive function. Aim for a mix of cardiovascular exercise, strength training, and flexibility exercises.
    4. Eat a Brain-Healthy Diet: What you eat can have a significant impact on your brain health. Incorporate plenty of fruits, vegetables, whole grains, lean proteins, and healthy fats into your diet. Foods rich in antioxidants, omega-3 fatty acids, and vitamins B and E are particularly beneficial for brain function.
    5. Practice Mindfulness: Mindfulness meditation and relaxation techniques can help reduce stress, improve concentration, and enhance cognitive function. Take a few minutes each day to sit quietly, focus on your breath, and let go of any distracting thoughts.
    6. Get Plenty of Sleep: Adequate sleep is essential for cognitive function and memory consolidation. Aim for 7-9 hours of quality sleep each night and establish a relaxing bedtime routine to help you unwind and prepare for sleep.

    Braintaining is not about perfection – it’s about making a commitment to mental well-being. By incorporating these practices into your daily routine, you can help keep your mind sharp, agile, and resilient as you age.

    >>Click here to learn more about “braintaining” in an article from Deseret News.