Stock Market Plunge: Is Real Estate Safe?

Stock Market Plunge: Is Real Estate Safe?
Is the stock market crashing? The short answer: no—the Dow is just a little bumpy right now. Monday’s Wall Street frenzy had people from all over the world fearing that a U.S. real estate bubble might be the culprit after the stock market suddenly took a nearly 1,600-point (4.6 percent) plunge. According to CNN Money, it was the biggest point decline in history during a trading day. However, experts say there’s no reason to worry. While homeownership ra

Steps to Downsizing Your Home

Steps to Downsizing Your Home
Downsizing Tips for Sorting and Getting Rid of Stuff If you're experiencing the empty-nest syndrome or you have an older relative who is moving from a family home into a care facility, you'll need to look at downsizing the current household contents to determine what is needed and what will fit into the new home. Whether you're doing this for yourself or for someone else, downsizing is never easy. We tend to "downsize" each time we move, and I always d

Buying a House on Disability Benefits or SSI

Buying a House on Disability Benefits or SSI
Know how to navigate the system so you can find the home you’re looking for. The complexities of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits leave many people wondering not only if they can buy a home, but if buying a home will, in turn, affect their benefits in the future. The short answer is many people who receive SSDI and SSI benefits can and do qualify to buy a home, but will also likely face some addit

Senior Living: A Comprehensive Guide in Choosing Your Retirement Home

Senior Living: A Comprehensive Guide in Choosing Your Retirement Home
An increasing number of aging Baby Boomers and empty nesters are relocating and moving into properties that they expect to live out their retirement in. Many people acquire various properties throughout their lifetime and end up with quite a collection of real estate as they enter retirement.  Other retirees finally pay off their home mortgage and begin looking for other properties to invest in.  Most seniors believe there are more valuable ways to spend t

How to Tell Whether Your Aging Parents Can Live on Their Own

How to Tell Whether Your Aging Parents Can Live on Their Own
It is difficult assuming the parental role with your parents and making decisions about "what is right" for the people who raised you. There is also a lot of emotion tied up in switching roles and the loss of independence for everyone involved. Sometimes, however, it becomes necessary for a son, daughter or grandchild to not only be their parents' loved one, but also their advocate. You may need to figure out if it is safe for your aging parents to continu...

How to Get Ready for a Home Inspection

How to Get Ready for a Home Inspection
Home sellers will have an easier time by preparing for a home inspection in advance. Getting ready for a home inspection will help to prevent future problems. Prevention can stop surprises. The last thing a seller needs is for a home inspector to break a fixture or cause damage because the seller was ill-prepared. Some local governments require that the seller provides the buyer with a detailed home inspection while giving the buyer the option to ob...

How Owning a Home Can Help (or Hinder) Your Retirement

How Owning a Home Can Help (or Hinder) Your Retirement
Is it possible that most Americans are getting a major part of their retirement wrong? According to Census Bureau data, nearly 80 percent of those age 65 or older owned a home in 2017. But it may not be the right living arrangement for everyone. Not only could renting be a better option for some retirees, it could allow younger workers the opportunity to save additional money for their retirement. "From a psychological standpoint, homeo...

14 Million Households Plan to Give Their Homes to Family

14 Million Households Plan to Give Their Homes to Family
Americans are moving less than ever, according to Zillow’s analysis of the U.S. Census Bureau’s Current Population Survey. Just 4.2 percent of American homeowners moved between 2015 and 2016 — which is almost half the 7.7 percent rate reported in 1990. According to the Zillow Group Consumer Housing Trends Report 2017, 86 percent of all American homeowners — defined as those who have owned their home for more than a year — have no plans to move in the ne

Top 10 Tips for Selling Your Home During the Holidays

Top 10 Tips for Selling Your Home During the Holidays
The holiday season from November through January is often considered the worst time to put a home on the market. While the thought of selling your home during the winter months may dampen your holiday spirit, the season does have its advantages: holiday buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed. First, decide if you really need to sell. Really. Once you've committed to the challenge, don your gay

Forget ‘Location, Location, Location’ When Making Retirement Housing Decisions

Forget ‘Location, Location, Location’ When Making Retirement Housing Decisions
When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district. The right location may also mean the most potential for capital appreciation, an important consideration when the...