Bruce shares his advise and experience on the Milwaukee-area Real Estate Market, Senior Living Real Estate options, families helping senior parents downsize and much more!
The definition of journey is a passage from one place to another. When I think about the transition from your long-time home to a condo, apartment or senior community, the definition of journey fits right in. I see this move as an expedition, like a voyage from the home you have loved for so many years to a place somewhat unknown. In any journey there is excitement, trepidation, curiosity and change.
Read MoreIn my long career selling homes I have made one observation that seems to hold true each year…patterns emerge BEFORE the public is aware, but the professionals see the signs in real time. You can talk to money managers, food producers, and bus drivers. Each will tell you that in their specific line of work, they could see the future long before those not attached to their industry. So what specific market condition am I witnessing as I write this article?
First and foremost, the real estate market is healthy and full of optimism I don’t see the floor dropping out any time soon. What I do see are more subtle changes which are pointing to a different market than we have seen over the last several years.
What is this season about? That’s the phrase that gave me pause. Just like the weather, our lives have seasons. Of course we don’t often think of that when young because, after all, we’re so busy living, exploring, imagining all the glorious things we’re going to do that we don’t have time or the inclination to be reflective.
Read MoreI live in a two-story home and my kids are gone. I have more space that I can use and am the owner of many items belonging to my children. There are stairs to the basement and to the second floor. The grass seems to keep growing and demands my presence behind the lawn mower. My wife and I have something in common with the home we have loved…we are both getting older and so is the home we love! Friends have been asking us when we will be downsizing and moving to another location. Our children and their kids love to come over and play with reckless abandon. This is the only home our grandchildren have ever known when visiting. Memories are everywhere as displayed by so many pictures on our wall. Does this sound familiar?
Read MoreWe had the privilege of joining the Mainstreet Organization of REALTORS® (MORe) Senior Services Committee last week to discuss our strategies for building a senior niche real estate business at the Mainstreet Senior Service Forum. I enjoyed meeting fellow Realtors and sharing the importance of education and sensitivity to seniors who are faced with a move from their long time home.
Read MoreWe are all witnessing a real estate market that is overheated. Will this last? Does it make sense to "time the market" so that you catch the very peak price for your home?
First, an explanation of why homes are selling so fast with prices moving up at a 5%-7% pace per the last two years.
Homeowners are holding off putting their home on the market because they either cannot find another property that meets their demands, or staying in the home they love waiting for the market to change direction.
Read MoreMany aging families struggle with the uncertain future of keeping elderly parents safe and comfortable. The realities to be faced about this frequently occur after a major loss — loss of a spouse, significant health decline, reduction in Activities of Daily Living (ADL), difficulty coping and adapting to changing circumstances, and financial setbacks. When these losses occur without any respite time for adjustment and coping, older parents may be faced with making choices that seem extreme and even unfair to them.
Read MoreRecently a dear friend of mine shared that she and her husband had numerous people in their life who have had a stroke or other brain related issue. Those individuals were weighing heavily on her husband’s mind, and eventually he decided he had to write his thoughts down.
Read MoreAlzheimer’s disease affects about 5.7 million Americans, and about 5.2 million of those affected are seniors aged 65 or older. As the illness progresses, sufferers eventually lose the ability to care for themselves and need full-time supervision. Many families decide the best way to provide this type of support to their loved ones is by inviting them into their homes.
Read MoreIn my long career selling homes in our 4-county area, I have learned so much from observing the habits of buyers as well as the art of hitting the “sweet spot” when pricing a home. The real estate market is always a moving target, tipping the balance from buyers to seller’s markets and vice-versa. The temptation today is to overprice your home because you have heard that properties are selling quickly and for over-asking in most cases. It is true that there is a shortage of inventory of homes on the market. It is also true that many homes are selling quickly for over-asking. But what you don’t hear is that an overpriced home will not only sit for a long period of time but will sell for much less than it should have if originally priced properly. So, let’s get started!
Read MoreSo often when faced with a challenge, especially that of moving from your long-time home, you are told to look at the bright side, the glass is half full, and where you are moving to will enhance your lifestyle. We’ve all been told to move forward and let the past go. We feel weak when we indulge in our sadness and feelings of loss. We can all agree that the only person who truly understands what we are feeling is you, the person going through the change!
Read MoreI have heard many terms for the next generation of older adults, such as 55+, seniors, active adults, and just plain baby boomers. Over 75 million strong, this generation born between 1946 and 1964 are changing the housing and economic landscape of our country. Now between the ages of 54-72, baby boomers are entering the next phase of their lives…retirement…or are they? Boomers pride themselves as active adults wanting quality in their remaining years verses quantity.
Read MoreBruce has been a full time Realtor for over 35 years in the Milwaukee-Metro area. He has helped over 3,000 families sell or buy a home. Bruce also specializes in helping seniors transition from their long time home to a senior community, apartment or condo. He is a featured speaker at several senior communities in the four county Milwaukee-Metro area. Bruce also writes an article for 50plus magazine.
Bruce & Jeanne Nemovitz
Copyright 2017 Bruce Nemovitz | Office: (262) 242-6177/ Fax: (414) 755-7512 | bruce@brucesteam.com | Serving the 4-County Milwaukee area
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