We recently came across this great article on Realtor.com by Chrystal Caruthers. Bruce is a Senior Real Estate Specialist and has years of experience serving the real estate needs of seniors. Take a peek at this article to learn more about the “Senior Real Estate Specialist” designation and the benefits of workin with one.Read More
Bruce's Team Blog:
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 real estate market is always moving in one direction or another. In real time, the market heavily favors the seller. This is because the inventory of homes is at an all-time low, giving anyone selling your property a distinct advantage over the would-be purchaser. That is great news for you, the homeowner. However, a caveat; the real estate market is always changing, and when it moves in one direction or another it usually is quick and decisive.Read 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 More
This post discusses fears most people have when faced with changes, moving and selling their home. Bruce discusses the best steps overwhelmed homeowners should take when thinking about listing their home or moving in the future. The most important thing a senior who is looking to move can do is education themselves and talk with trusted advisors in the field.Read More
In this blog post, Bruce explores how the seasons change effect the real estate market and winter months are the perfect time to educate yourself as to what your home is worth, what improvements to make and start a game-plan for a spring move! The best months to sell your home are March-May, so have a plan ready. Research senior apartments, condos and senior communities at the same time.Read More
I Can't Sell My House!! "I can't sell my house." I have heard this from so many seniors in the last two years. The majority of folks who truly believe that a successful sale cannot be achieved have never actually put their home on the market! I have always said it is not what people do but why they do it. It is the "why" behind the action that must be examined.
No matter what the market conditions, homes will sell. They sold in the 80's when interest rates were up to 17% and they sold last year after the economic tsunami. The only factor that changes with each market is the price of the home. Prices have fallen, but only 10% in some areas, and 15-20% in other areas. The right way to look at your home investment is to remember what you paid when you purchased your home and what it is worth today. Those homeowners who have lived in their homes for thirty to fifty years have seen their properties increase, in many cases, by ten times. So, why then are so many people focused on the 10-20% drop in prices over the last five years, and why are they ignoring the ten-fold increase from purchase to current prices?
I believe it is because we dislike change. We will find any reason we can to avoid new surroundings, even if our new home will offer comfort, safety, and interaction with others. For many of us, a familiar bad situation trumps a new unfamiliar one. So, the statement "I can't sell my home" fits right into that avoidance syndrome. This excuse will pacify our children who want us to move. It will keep us in our familiar setting for a few more years until a health change may dictate a very quick and untimely move.
Homes are selling! They always have and always will. A successful sale and move will happen if you truly want to better your situation. Once you decide that a move to a senior community, condo, or apartment is the right choice, all will fall into place. A Senior Real Estate Specialist will guide you all the way from preparing your home for market to coordinating your closing and move to your new home. Interest rates are at historic lows, there is an $8,000 tax credit for first time buyers, a $6,500 tax credit for owners of homes (they must have lived in the home for five of the last eight years) and prices are affordable. With these factors favoring buyers, we are starting to see multiple offers on well-prepared and well-priced homes.
Therefore, "my home won't sell" is an excuse that may keep you from moving but, in many cases, may also keep you where you shouldn't be. If your home is no longer working for you and not matching your health situation, have the courage and conviction to make your move and enjoy the rest of your years in safety, comfort, and in an environment that allows you to connect with others. There is an old joke I'm reminded of. I think Jack Benny is famous for this one:
A robber approached an older adult and says, "Your money or your life!" The senior retorts, "Take my life, I'm saving for old age!"
Enjoy your life to its fullest. Only you can change your attitude and be proactive to advocate for a very important person ... you!