Annuity and Paying for Senior Living

How to pay for assisted living is a question that comes up often. Having a background in Real Estate and Financial Services, we recommend senior clients talk to a financial planner.  Often financial planners recommend rolling the money from the sale of a home into an annuity.  Read on to learn how an annuity works and if it is right for you. What is An Annuity? An annuity is a contract between you and an insurance company.  You invest in an annuity and the insurer guarantees to pay you.  The payments are made on a frequency you choose.  You can

Read More

How You Can Finance Your Home Renovation

Outdated kitchen. Overrun backyard. Unusable basement space. If you have a home renovation project on the mind, the first thing you have to consider is how you are going to finance it. Here are the most common options to make your dreams become a reality.     Cash. Paying in cash is the most straightforward financing option, just save until you have enough money to cover the expenses. This will help eliminate spending outside your budget; however, it can also extend your timeline. Mortgage Refinance. If you’ve been making payments on your home for a few years and your interest

Read More

NWI Seniors Newspaper June 2019 Edition

NWI Seniors Newspaper,  June 2019 Welcome to the NWI Seniors Newspaper, June 2019 edition!  NWI Seniors took a few months off but we’re back better than ever!  The June 2019 edition is awesome and full of great economic news for Seniors of Northwest Indiana.  We kept all the great regular sections including puzzles, recipes, health, and travel and expanded the Finance and House & Home sections.  We also added a Featured Article by the staff at Residences at Deer Creek, a wonder Independent and Assisted Living Facility in Schererville, Indiana.  Check out the back page for two great stories from

Read More

7 Tips to Declutter Mom and Dad’s House

Declutter projects are time consuming and often stressful!  But decluttering someone else’s home, like your parents’, is often emotionally and physically exhausting.  If you need to declutter a home, read on for 7 tips to make your project easier, efficient, and less stressful! When my parents passed away, I inherited their “stuff”.  Suddenly, my son and husband were moving in decades of pictures, dishes, furniture, old year books, and trinkets my parents held for years.  My basement and garage became a storage area for sentimental “stuff”. Several years later, I have my parents’ stuff under control.  Granted, there are more

Read More

Widow & Interstate Move (Video)

Transcript This is a case study of a downsizing and interstate move for Mary, a widow of 10 years.  Mary and her husband Brian were married for 60 years.  Brian was the love of Mary’s life and when he passed away at age 70 of a heart attack, Mary chose to stay in the 2500 square foot home they built when they first married. At 80, Mary realized the home was too big and the maintenance was too much.  She knew she needed to downsize and move and she didn’t want to stay in Northwest Indiana and face one more

Read More

Downsizing & Assisted Living Happiness! (Video)

Transcript This is Lisa and Joe.  Lisa and Joe have been married 65 years.  They met in high school and couldn’t take their eyes off each other!  Over the years, they raised children, worked, and shared good and bad times, all while living in a 3000 square foot house for nearly 50 years. Over the years, Lisa and Joe were too busy to update their home.  When their health stared to decline, they knew they had to move.  The maintenance was too much and Lisa stopped doing laundry because her knees were unstable going up and down the stairs to

Read More

Downsizing Can Bring Seniors Happiness (Video)!

Transcript This video is on how downsizing can bring you happiness and avoid family conflict. Meet Susan.  Susan is a 70 year old widow living in a 2200 square foot bi-level home.  Susan and her late husband, Bill, bought the home in 1980.  They remodeled the home with aging-in-place modifications for Bill in the last 2 years of his life.  Bill had advanced COPD and he wanted to die at home.  Susan was working and to help Bill stay independent, they installed a chair lift, grab bars, a walk-in shower, and pocket doors for Bill’s wheel chair. Susan retired the

Read More

REALTOR®, Agent, or Broker:

Seniors often ask, “what’s the difference between an agent and broker, aren’t they all Realtors©”?  Great question!  Not knowing the difference between a Realtor, Agent, or Broker can cost Seniors stress, thousands of dollars, and time. An agent is licensed by the state to help buy, sell, rent, or invest in real estate.  A broker is an agent who has taken advanced training and passed the broker exam.  In Indiana, all real estate agents are brokers. Brokers in Indiana take 90 hours of real estate education, pass a state exam, and complete 30 hours of post-licensing training to earn a license. 

Read More

3 Reasons Your House Isn’t Selling in a Hot Market

Selling your house is emotionally tolling.  But it’s even harder when homes on your block are selling fast and yours isn’t.  You may wonder if something is wrong with your house or you listing.  Read on to learn 3 reasons your house isn’t selling in a hot market. A hot market, or a seller’s market is great unless your house isn’t under contract.  There are many reasons homes don’t sell in a hot market with price and condition the top 2.  Here are 3 reasons your house isn’t selling in a hot market and how to fix them. TOO MUCH

Read More

Probate and Selling a Home after Death

A client recently asked about the best way to prepare a home for sale after his death to avoid family conflict in dividing the funds.  As seniors, we know we shouldn’t care what happens after we die.  But we like control.  It’s natural and healthy to want to control our life and our decisions for as long as possible.  This senior citizen tip is on probate, trusts, and selling a home after death. Many seniors believe a will prevents problems in the sale of their home.  But a will does not protect a home from problems including a low sale

Read More