Recently a friend asked me to explain why a buyer should never pay more than appraised value on leveraged property. Since she had taken a few classes I began by explaining the opportunity costs associated with this strategy and I could see her eyes "glass-over" and I knew I had lost her. When I shifted gears and started showing her the economic costs in dollars and cents, she began to understand. Here are my examples. Example 1 Let's say you [...]
Laguna Woods Dynamic Red Head Moving to an age restricted community is not what I thought it would be, it's better. Part of what I find exciting are the people. Everyday since I moved to Laguna Woods, I meet interesting people and the first day I moved in was no exception. I remember distinctly meeting this little red head. In spite of being only about 5' tall, this little fireball Dolores walks over to greet me with a swagger. I knew [...]
When individuals and families decide to set a strategy for aging in place, they should address these important considerations. Everything on the list is straightforward and nothing is surprising.
Seniors Real Estate Specialist (SRES) Designation This week I successfully completed the Seniors Real Estate Specialist (SRES) designation course and was awarded the appropriate certification. I decided to complete the course to demonstrate a commitment to helping everyone, including people over the age of 50. As a seasoned financial planner and educator, I found the designation would be a perfect fit for my offerings in Laguna Woods. Why a Senior Specialist? Today's definition of senior typically includes people over the age of [...]