Relocating closer to family is a significant and heartfelt decision for many seniors. It brings them closer to their loved ones. It opens up opportunities to live in senior-friendly communities that cater to their evolving needs. This article is dedicated to helping seniors navigate relocating to be near their children and grandchildren, ensuring a smooth and fulfilling transition.
A reverse mortgage is such a powerful tool because it allows you the ultimate flexibility of not being forced to make mortgage payments of principal and interest.
According to a recent study conducted by SmartAsset, Boulder boasts the second-highest rate of newly arrived millennials and Denver is the fifth-ranked city nationwide for move-ins of these young adults.
Selecting the right property as a senior is about balancing present needs with future possibilities. It’s about finding a place where you can live comfortably, safely, and happily, regardless of the phase of aging you’re in.
If you think the value of your home has gone up enough in the last two years that its current value places the loan at 80% loan-to-value or less, you can request the PMI be removed.
The average rate on 30-year fixed mortgages retreated to 7.41% this week, down from 7.55% the previous week, according to Bankrate’s weekly national survey of large lenders.
To monitor and maintain your health, you schedule a physical exam with your doctor each year. To ensure your financial well-being, it is essential to schedule an annual real estate checkup.
Here are 3 top reasons to include your family and/or heirs in your reverse mortgage conversations:
RE/MAX Alliance’s BoulderHomeSource Marks 25 Years of Real Estate Excellence, Expanding Reach Beyond Boulder
In 2023 the real estate market presented a unique set of challenges for sellers, buyers and real estate brokers. However, thanks to the unwavering dedication and teamwork of the BoulderHomeSource team at RE/MAX Alliance in Boulder, the team positively navigated these challenges and was able to assist over 200 families with their real estate needs during the past year.
The world of real estate has been so utterly transformed by technology that those who thrive in the field today are those who most effectively employ the many interfaces of tech, both for the good of their clients and for the success of their business. “The more willing an agent is to adapt technology to the needs and style of the customer, the more successful they will be,” said Nancy Umbreit, broker and owner of Equity Colorado-Front Range.
One of the largest challenges that I have found for homeowners who want to rightsize (upgrading, downsizing or making a strategic move in real estate), is coming up with the down payment for the new home.
For many older adults, the idea of downsizing from a large home that once buzzed with the energy of growing children can evoke a myriad of emotions. Deciding when it’s the right time to shift to a new place, possibly a smaller space, can be daunting. Yet, with the right guidance, it can also mark the start of an invigorating new chapter.
Despite a challenging marketplace for homebuyers – think high mortgage rates, low inventory in some areas, and declining home prices in some cities – Boulder and Fort Collins rank in the top five housing markets for growth and stability, according to the 2023 SmartAsset report.
Hard money is short-term financing, not your 30-year home mortgage. So why would you want to use hard money?
Whether buying or selling, retirees stand to gain a great deal from the services of an experienced real estate agent. From understanding the local real estate market nuances to advocating for their client’s best interests, professional realtors offer many advantages.
What I love about the Home Equity Conversion Mortgage (HECM) is that the ways to utilize the program are endless and it can be used by virtually anyone age 62 and over with a significant amount of equity in their home.
Colorado is the third-best state in the nation to retire, according to the 2023 analysis by WalletHub.com. The state received the same ranking in 2022.
With its picturesque landscapes, charming atmosphere, and tight-knit community, it’s no surprise that more and more people are choosing to escape the chaos of the city and settle down in more tranquil surroundings.
If you’re looking to increase your living space and improve the value of your home, one option to consider is “popping the top” on your house.
During the last 10 years, new and higher bridges have been built, new roads with flood-resistant construction completed, and floodways reconstructed, all with the intent of surviving the next flood of the same proportion. The question remains, will it be enough to prevent the same level of devastation? We will never know until it actually happens. However, one thing you can do to be better prepared for the next time it happens is to check your insurance coverag
Three of Colorado’s largest cities ranked in the top of the largest U.S. cities on recreational activities, with Denver ranking No. 16 in the nation, Colorado Springs at No. 48, and Aurora achieving No. 92, according to the WalletHub analysis.
As you approach retirement, it’s essential not just to find a house but also to build a home that reflects your envisioned lifestyle. Defining this lifestyle can simplify the search for your dream home.
Despite record-high interest rates, home prices continue to rise in some regions. The current average interest rate for a 30-year fixed mortgage is more than 7.5%, actually down eight basis points since last week, according to BankRate.com.
Knowing exactly what can be done with a property in the future will often bring added value to the sale.