Realty Vision


Posted by Realty Vision on 6/11/2015

There comes a time when families start to think about senior members moving. Factors such as retirement, finances, lifestyle, health or the distance between family members are just a few of the reasons why seniors may decide to relocate. Moving is a big decision especially when a senior has lived in one place for a very long time. Many things must be considered, including access to health care, recreation, social activities and practical concerns, such as grocery stores, libraries, climate, etc. Access to Quality Care For many seniors access to health care or options for health care assistance is the primary reason for moving. When considering options it is important look at the short-term solutions, but also consider long term scenarios. Options may include drop-in help, moving closer to a family member that can assist when needed or retirement communities that offer fully independent living to supportive assistance as required. Community Services It is also important to research the area community services. You will want to make note of services such as homecare, cleaning services, snow removal, transportation and home repair. Some individuals may want access to volunteer organizations or senior centers where they can be involved in the community. Support As an older adult, moving is an especially difficult transition. Finding the support the senior needs in the new community is imperative. Groups that seniors can connect with will help the transition go smoother. Connect with church groups, home visit solutions or perhaps meetings that would be conducted in a home setting. Here are some websites that may help you in your transition: •Eldercare LocatorAARPElder Web: Online Eldercare SourcebookAmerican Society on Aging (ASA)Senior Resource Housing: Information on Housing Options





Posted by Realty Vision on 1/8/2015

There is a lot to know when it comes to senior housing. Thinking about future housing arrangements can be a stressful topic for both you and your family. There are so many options, types of housing and so much to know. In order to find the best fit you will have to learn about the different types of senior housing available, which choices may be best for you, and how to navigate the terminology. A great resource SeniorHousingNet has created a glossary of commonly used terms and the different senior housing and care choices available. You can find it here.  





Posted by Realty Vision on 12/25/2014

Have you noticed the number of new construction homes going up lately? A recent report by The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) showed single-family home building permits up almost 5%. The process of building a new home can be stressful; there are lots of decisions to be made and obstacles to overcome. Here are some useful tips to keep stress at bay when building a new home. 1. Get pre-approved for a loan. Make sure that you do all the steps necessary to put the proper loan in place. You will need to fill out a mortgage application and provide the necessary documentation to check your financial background and credit rating. This process will let you know exactly how much you can afford to spend. You will also need to make sure your lender knows you are planning on purchasing new construction. 2. Do your homework. Check the reputation of your builder. You can search for information online, contact the better business bureau or ask your friends for recommendations. If you are building in a subdivision you may want to ask some neighbors who have already moved in about their experience. 3. Watch you budget. The advertised price of a new home is rarely the final price. The price can escalate quickly when you start upgrading the standard flooring, cabinetry or lighting. Plan on how much you can afford to spend before you start upgrading and budget accordingly. 4. Don't forget about resale. You may love the upgraded plumbing and light fixtures but know that those things rarely bring in a good return. You will not be the last owner of your home. Be mindful not to add so many upgrades that you overprice your home for the neighborhood. 5. Keep the lines of communication open. Communicate with your builder, ask questions and make sure you know where your money is going. You may want to keep a running list of quotes for extras and upgrades. Be comfortable asking even the simplest questions. 6. Be prepared for delays. Building a home can be a long process. Depending on the size of your home it can take anywhere from three months to a year or more. Get an estimate of when the building of your new home will be completed and plan accordingly.





Posted by Realty Vision on 9/25/2014

Trying to navigate your way through a short sale can be tough. Knowing how short sales work and how to make the sale happen is important in surviving the short sale process. Along the way there will be a lot of myths to dispel about short sales.  Here are just a few short sale myths: Sellers think that a short sale is worse for their credit score than a foreclosure. When determining your FICO, the Fair Isaac Corporation treats a short sale and a foreclosure the same. Buyers think a short sale is a deal. In fact, short sales tend to sell for more than foreclosed homes. A short sale is difficult. If you use an experienced agent you should be able to survive a short sale. Most short sales are denied because of a misunderstanding of the process. If the short sale process is not followed correctly, there is a good chance of getting denied. If I short sale my house I won't be able to buy another home. This will depend on your credit, restrictions can vary from 2-3 years.  Some FHA programs allow for a purchase sooner than that, however the guidelines are fairly strict. A house that is already in foreclosure cannot be sold as a short sale. Not true, a foreclosure notice or notice of default does not mean that you do not have time to perform a short sale. Banks will sometimes even postpone a foreclosure for the short sale option. These are just a few of the common myths surrounding short sales. As always, use a professional real estate agent to help you navigate your way through a short sale.





Posted by Realty Vision on 9/5/2013

The recent drop in homes prices, affordable mortgage rates and the popularity of television shows showing investors turning over homes has many people wondering if they can make money flipping homes. Flipping a house simply means buying and then selling a home quickly for profit. There are different ways to do this, but if you are interested in buying and selling houses, or just want to find a good deal to invest your money in. You will want to follow some tips on how to make sure you make money and not end up busting the budget. 1. KNOW THE AREA It is not just about the house you want to buy but also the area. Focus on buying homes in an area that holds value and where homes sell quickly. The golden rule of a home, location, location, location, applies here as you will want the home to be able to be sold quickly. Get to know the average costs and days on market for homes in that area. The more information you have about the market you have chosen, the better decisions you can usually make when it comes time to buy. 2. DO NOT GET EMOTIONAL This is a business venture; your goal is to make money. Emotions and money rarely mix well. Do not get emotional about house flipping. When choosing colors, fixtures and carpets go neutral, you will not be living in the home. Be careful of becoming too attached to the flip. Choose a price to sell the home, do not overprice the home. Overpricing typically leads to you holding the flip longer thus reducing your profit. 3. KNOW YOUR LIMITS If you are new to flipping homes, it is important to know your financial and work limits. The budget will always be more than you anticipate, plan for unexpected problems. Start with homes that mainly have cosmetic problems. Look for houses that need new, modern paint or updated fixtures. Homes where the outside yard and landscaping are unappealing are usually a great buy and can yield more profit. Curb appeal is usually a problem that can be fixed very easily and relatively inexpensively while greatly increasing the value of the home. 4. HAVE AN EXIT STRATEGY The point of flipping is to get in and out as quick as possible. Every day that you own the homes costs you money. Have a plan and know exactly what you're going to do with the home before you buy. Make a schedule of when work will get done and drop dead date of the house going back on the market. If you don't know if you can sell it quickly, don't buy it.







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