Be prepared for a tough grind if there’s a need for selling mom’s house. Because her age already demands that she move to a nursing home or live with you. Realistically speaking, the best options for siblings selling parents’ homes would primarily revolve around patience, lots of it. Thinking of ways to sell house fast…
If you’re a senior bound to stay in an assisted living community or nursing home, be sure to be prepared moving onto an entirely new chapter in their life. This transition, could be stressful and challenging especially on the disposition of your real estate properties. There are instances that you may need to sell house…
10 Warning Signs that Aging Parents Need Assistance For all of us, there is no escaping the rigors of aging, and everybody knows that. What escapes many of those in their winter years (or won’t admit it) is that they already need help from their adult children. It’s an imperative though that seniors…
Selling a vacant house poses challenges for folks relocating because of a job change and who’d typically want to sell house fast. To the dismay of these homeowners, chances are slim that prospective buyers will prefer including in their short list an empty dwelling over a furnished residence. The reason for this is pretty…
Properties inherited from elderly parents present a potential powder keg for the siblings settling their share of the inheritance. Selling sure is one practical way to deal with this situation if part of the bequeathal is real estate or mom and dad’s house. Such a sale, however, poses several challenges, especially if to sell house…
A reverse mortgage is a financial product which could be advantageous for home-owning seniors who need to increase their cash flow if their income or assets are insufficient to cover their cost of living. Also called home equity conversion mortgage (HCEM), this financial instrument is accessible to homeowners aged 62 and over. An HCEM is…
Foreclosure activity has declined dramatically across the U.S. Here in Missouri, in fact, the Federal Reserve Bank of St. Louis declared recently that the Show-Me State exited the foreclosure crisis auspiciously at the end of 2016. Nonetheless, the foreseen regime of higher interest rates in the years ahead could still bring foreclosure issues to…
We all want to get top dollar when we sell our house, don’t we? Setting off a bidding war on a property to get the most from a House Sale, however, is easier said than done. Even drawing a serious buyer alone would take some well-thought steps starting from planning to actual implementation. Consider…
Many senior homeowners 62 or older find a reverse mortgage attractive, and why not? This financial tool is a loan program insured by the Federal Housing Administration (FHA) wherein you could convert your home equity into cold cash. Also called home equity conversion mortgage (HCEM), this loan allows you to choose on a fixed monthly…
We will pay for you to move. Proceeds from the sale of your house could be significantly trimmed by closing fees plus other miscellaneous costs including the expenses in moving to your new home. Although many closing fees are the responsibility of the home buyer, many of the other expenses in closing a home…