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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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Make Space for a Healthier, Happier You

Whether you’re thinking of relocating or you want to age in place, one thing I always recommend at the end of the year is decluttering. It does make it easier to downsize but there are so many other benefits.

Decluttering creates a more organized environment but also promotes mental clarity and a sense of accomplishment. Plus, donating or gifting unwanted items can bring joy to others and help those in need.

Here’s how to approach year-end decluttering in five simple steps:

1. Set a Goal and Create a Plan

  • Decide what you want to achieve: a clean closet, an organized kitchen, or a clutter-free garage.
  • Break your space into manageable sections and tackle one at a time.
  • Dedicate a few hours each day or set aside a weekend to focus solely on decluttering.

2. Sort Items Into Categories

  • Use the “Four-Box Method” for every room:
    • Keep: Items you use regularly or truly cherish.
    • Donate: Items in good condition that someone else could use.
    • Sell: Things of value you no longer need.
    • Trash: Broken or unusable items.
  • Be honest with yourself about what you actually use versus what you’re holding onto “just in case.”

3. Donate and Gift Thoughtfully

  • Donations: Drop off gently used clothing, toys, and household items at local shelters or charity organizations.
  • Gifts: Pass along books, home goods, or other items to friends or family who would enjoy them.
  • Make donating a family activity by involving kids in choosing toys or clothes they’ve outgrown to give away.

4. Organize What You Keep

  • Use storage bins, baskets, and drawer dividers to organize items.
  • Label storage containers so you can easily find what you need.
  • Arrange items by frequency of use: Keep everyday essentials accessible and store seasonal items out of the way.

5. Adopt Minimalist Habits for the New Year

  • Commit to a “one-in, one-out” rule: For every new item you bring into your home, remove an old one.
  • Regularly evaluate your belongings to prevent future clutter buildup.
  • Embrace the mantra: If it doesn’t bring joy or serve a purpose, let it go.

Decluttering isn’t just about tidying up—it’s about creating a home environment that feels open, welcoming, and stress-free. By donating or gifting unused items, you’re contributing to a cycle of sustainability and kindness.

Start small, stay consistent, and finish the year on a high note with a home—and mind—that feels lighter and brighter!

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What will the election mean for the housing market?

It’s the million-dollar question everyone is talking about – how will the recent election affect real estate?

Realtor.com has posted an article with its take on the election and how the real estate industry may change as a result. Some anticipate that Trump’s re-election could have a dramatic impact on housing policies.

The article explains that amid an ongoing housing crisis, his administration’s proposed measures include deportations, reduced housing regulations, and increased access to federal land for new developments. While Trump’s promises to lower housing costs appeal to many, experts say his policies are unlikely to address the root issues in the housing market.

>For example, deportations are intended to reduce housing demand, yet they could also disrupt the construction labor force, a vital component in home building.

>On regulation cuts, the president elect believes scaling back could cut home prices by 30%, though data shows regulatory costs only make up a fraction of housing prices.

>Although opening federal land could slightly ease shortages, much of this land isn’t near urban areas where demand is highest.

At the end of the day, only time will tell but the good news is that many are optimistic that homes may be more affordable, young people might be able to get into the housing market, and that seniors will be able to sell their homes with a profit they can use to enjoy the retirement years.

Have questions about the outlook for your area? Atlanta Seniors Real Estate is here to help.

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

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How Georgia is Attracting Seniors & Retirees

Seniors and retirees have long sought retirement destinations in the south largely because of the milder weather but there are so many other great benefits for seniors. Grace Zhu from TheStreet.com recently looked at some of the local and state tax benefits that are luring seniors to the Peach State.

  • Flat Tax Rate:
    Georgia moved to a flat tax rate of 5.39% as of April 2024. Potential annual reductions could bring it down to 4.99% by 2028.
  • Social Security and Medicare Benefits:
    Exempt from Georgia state income tax, allowing retirees to retain more of their benefits.
  • Pension Income Deductions:
    • Retirees aged 62-64 can deduct up to $35,000.
    • Retirees aged 65 and older can deduct up to $65,000 from pension income.
  • Increased Exemptions:
    • Personal exemption raised to $12,000 for singles and $18,500 for married couples.
    • Dependent allowance increased to $4,000 per child.
  • Investment Income:
    No special tax treatment; interest, dividends, and capital gains are taxed at 5.39%.
  • Capital Gains Exclusion on Primary Residence:
    • Up to $250,000 for singles.
    • Up to $500,000 for married filers.
  • 529 College Savings Plan:
    • Contributions are tax-deductible up to $4,000 for singles and $8,000 for joint filers.
    • Contributions can be made until the tax filing deadline in April.
  • Retirement Account Distributions:
    401(k), 403(b), and IRA distributions are taxed at the state level but enjoy deductions similar to pensions.
  • Military Retirement Exemption:
    • Military retirees aged 62+ can adjust their state tax returns.
    • Those under 62 can exclude $17,500 of military retirement income, plus another $17,500 if they have over $17,500 in earned income.
  • Property Tax Relief:
    • Property assessed at 40% of fair market value, with possible local homestead exemptions.
    • Exemptions available for seniors, including a school tax exemption at age 62 and additional $4,000 exemptions at age 65.
  • No State Estate or Gift Tax:
    Georgia has no estate, inheritance, or gift tax, aiding in estate planning.

For a smooth transition into retirement in Georgia, consider these tax benefits and exemptions that could help maximize your income and savings.

>>Click here to read the full article on TheStreet.com or contact us at Atlanta Seniors Real Estate if you have any questions.

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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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Seniors are Redefining Life Transitions

Working with seniors today is more fun than ever before. My clients, whether in their 80s, 90s or even 100, lead lives of passion and purpose. They take care of themselves, volunteer or are involved in clubs and church, and when it comes to their living arrangement, they simply want to be where life is easier, less complicated, and loved ones are nearby or accessible.

A recent blog I read from senior relocation specialist firm Caring Transitions had some interesting stats about seniors. For example, the US Census Bureau finds that people over 85 are now more likely to move homes than younger seniors.

  • 85+ years: 8.4% moved
  • 75-84 years: 6% moved
  • 65-74 years: 5.9% moved

    Note, research found that nearly 60% of older adults who moved to a new state relocated to a completely different region.

Why are seniors relocating? Top reasons include desire to be in a warmer climate, closer to family, they want homes tailored to their healthcare needs and places providing economic advantages.

The downside? 83% of people report that moving is stressful – not a shocking statistic but certainly one that gives people pause when considering a relocation. Luckily there are businesses, like Caring Transitions, that specialize in reducing the stress associated with relocation. Contact us for a list of other senior-related resources if you need them.

>>Read more from Caring Transitions of Northeast Atlanta.

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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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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.

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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.

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Changing Real Estate Commission Rules

You may have heard about a National Association of Realtors settlement recently. It includes changes in how real estate commissions are disclosed and negotiated with a goal of increasing transparency and fairness for homebuyers and sellers.

What’s it all about? Well, back in 2019, Missouri home sellers filed a class-action lawsuit against the National Association of Realtors (NAR), accusing it of antitrust violations that inflated commissions. A jury sided with the plaintiffs, awarding a $1.8 billion verdict against NAR.

To settle this and other similar lawsuits, NAR agreed to two key rule changes:

  1. When listing homes on Multiple Listing Services (MLS), agents can no longer include the buyer agent’s compensation.
  2. Buyers will now be able to negotiate and formalize their agent’s pay through a signed contract.

The settlement doesn’t do away with the traditional 5-6% commission split between listing and buyer agents, and NAR emphasizes that commissions were always negotiable. But the changes are expected to make commissions more transparent and competitive, as buyers will now be more directly involved in negotiating agent fees.

If you have questions, you can contact us here at Atlanta Seniors Real Estate and we’ll follow up with you. You can also read more from the National Association of Realtors by clicking here.

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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.

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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.

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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.

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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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Georgia Real Estate Scam Warning

Stealing your property without your knowledge.

Georgia counties are warning property owners of real estate fraud. People are using forged documents and signatures to transfer the title of a home or other property without the owner’s approval. Worst of all, many property owners may have no idea their property has been stolen.

Gwinnett County warns of an incident where a resident had issues paying property taxes because the property had, without her knowledge, been transferred to another person. (Read more about the case here)

The fraudsters are using quitclaim deeds which were designed to be a way to transfer ownership between trusted individuals such as family members.

So, how do you check your own property? I recommend you first conduct a title search. You can also enroll in the Georgia Superior Court Clerks Filing Activity Information System. That will notify you if there is activity on your property such as a change to the deed, mortgage, or a lien is filed on the property.

A Georgia state legislator has filed a bill (House Bill 888 – the Georgia Not On My Deed Act) which would authorize Superior Court Clerks to require ID for anyone recording property deeds.

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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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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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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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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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The Kitchen Updates Everyone Should Make Today

By far, the most popular blog we’ve had recently is about Universal Design – the process of making your home accessible for people of all ages and abilities. It creates an easier and safer environment for everyone and has the added benefit of allowing individuals to remain in their homes longer as they age.

I recommend everyone, regardless of age, consider incorporating Universal Design into your home. It’s helpful for your entire family and is a unique and highly desirable selling feature if/when you decide to sell your home. As a Senior Real Estate Specialist, it’s also something I look for when searching for homes for my clients to consider.

A recent AARP article recommends nine changes everyone should consider for the kitchen including:

  • Incorporate smart technology
  • Make it easier to hydrate
  • Making inaccessible cabinet space more accessible
  • A more hygienic trashcan
  • Consider an easier dish washer
  • Induction cooktops
  • Reconfiguring counter space
  • Improve lighting
  • Think about zones

>>Click here to read the full article from AARP and more about each of their recommendations above.