Being Social and your Mental Health

Today there was a great piece done on the Today Show about how to prevent Alzheimers. Surprisingly it may not be just your genetics but other environmental factors.  The food you eat, your activity level, the stress you experience, and how social you are.

The modern lifestyle may make you miss something else that keeps the brain sharp: Enjoying the company of other people. Your ancestors never had to try to be social, it just came with the territory — they’d just bump into others all the time in the village and talk, he pointed out. So one of the most powerful things people can do is to move to an area with sidewalks, bike lanes and nearby shops so they’re more likely to meet their neighbors and make friends.

Location, Location, Location

Still the most important thing about real estate.  When it comes to your mental well being, have a community where you can easily make and see your friends daily.  Like an Active Adult Community!

Contact me to assist you in finding the right community for you!

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Does Solar Add Value To Your Home?

Does Solar Add Value To Your Home?

Yes, No, Maybe

My favorite answer. Frustrating at times but it is true.

Let’s dig down…

Leasing Solar- No

If you are leasing a solar system you don’t own it so it is not adding value to the home.  Even if the solar lease has been pre-paid. The savings you may see on utilities is a bonus to the resident.  But the solar panels when leased do not add value.

Purchased Solar – Yes and Maybe

If you own the solar, it does add value to the home.  You own it and it conveys with the property.  YEAH!

If you purchase Solar and pay the solar off up front, most definitely the solar adds value to your home.  If you paid $30,000 for your solar, don’t expect to get $30,000 back in value.  Remember you also got about 10% back in tax credits, reducing what your out of pocket really was to around $20,000.  Depending on the age of the system, and the KW production of the system the value added will be something around or more likely below the $20,000.

If you purchased Solar with a loan, and you are still paying on that loan, the value added is different.  Like above, you still received your tax credits and may have used them to reduce the loan balance, also reducing your payment.  That is delightful on your wallet, especially over time.  Until you have paid down the loan, and have more equity in the system, the value it gives your home is significantly less.  And as the system ages your equity increases… you are not likely to reach the same value given to the homeowner who pays for the system up front until the loan has been paid off.

See, Yes, No, Maybe

If you are considering Solar, give me a call I am happy to share my knowledge with you.

Irene 480-788-0171

Smile, You’re on Candid Camera

Do you remember that show?  The funny things people did when they didn’t know a camera was aimed their direction.

Today, there are cameras everywhere!  Even in homes you are looking at to purchase.

Home security systems are so reasonably priced, and the wifi cameras you can watch live on your smartphone.  It makes it very tempting for sellers to watch you as you peruse their home.

What does this mean for you, the buyer?

Fist – Be aware! You could be being recorded at any moment.

Second – Pay attention to what you say while you are in the home.  Saying too much could give negotiating power over to the seller. Saying you love it and must have it at any cost…. you could reveal more than you think.

Third – Avoid being too animated. Even if you whisper what you love about the home, your body language can give away how you truly feel as well.

So hold your cards close to your vest! This is a bit of a Poker Game.

With the world watching every moment camera in hand, why should home buying be different?

 

Living in an Active Adult Community could qualify you for Insurance discounts

Talking with a Farmers Insurance Agent, I discovered there are discounts for most of the Active Adult Communities in the Greater Phoenix Valley. Call your agent, or Barb for more information on getting your discounts.

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How fast will I use up my equity with a Home Equity Conversion Mortgage(HECM)?

This is a question I had to know the answer.  If your not making a mortgage payment and every month a little of your equity is getting used up… how long does that take? And what happens if the loan becomes upside down?  Do I have to pay it back?

Listen and find out – your gonna love what you discover with me.

Why should I consider a Reverse Mortgage?

A reverse mortgage, also called a Home Equity Conversion Mortgage (HECM), uses the equity you already have in your home to re-finance and eliminate your mortgage payment; for as long as you (and your spouse) live in your home.  It also lets you purchase a home by letting you access some of the homes value to never have a mortgage payment again.  This loan requires one person to be a min of 62 years of age.  It can create financial comfort and ease by eliminating the worry of home mortgage payments.

What is a Home Equity Conversion Mortgage? Is it right for me?

The Home Equity Conversion Mortgage (HECM) program offers people who are a min of 62 years of age (actually only one of you needs to be 62) the opportunity to purchase your home with as little as 40% cash down payment and never make a mortgage payment again.

This can make getting your dream retirement home a reality.  You won’t need to put all your cash into the purchase of your home.  Leaving you with more for living.

I sit down with Jacqui Hamilton a specialist in HECM loans to discuss what they are and the benefits.

 

Jacqui Hamilton
Concord Mortgage
Jacqui.Hamilton@concordmg.com
623-900-1935

What do Harvey and Irma mean for your new home construction?

As Irma heads to Florida, Houston is in the early stages of picking up the wet pieces and trying to look forward to sunshine filled and dry days.  

One area that is affected nationwide after a disaster like major Hurricanes is building supplies.

Building time frames will get longer in Arizona, and other states not affected by Harvey and Irma.   

Suppliers prioritize their materials to those locations hit hardest. (and it is mandated by the government that they do)  Builders in other areas and states have delays in their construction due to lack of materials.  This also means that the builders don’t require as many employees to just hang around and wait to swing their hammer.  The combination of lack of materials and fewer on hand workers result in delayed construction build times.  

If you are already contracted with a builder for your new home, plan on your closing date being pushed out.  If you are about to have a builder start your home, and they previously informed you of a 5-7 month build time.  That just got extended to 7-9 months.  

The builder purchase contract has a clause to allow them up to 2 years to get your home built.  Now they don’t want to take that long, but they have the right to.  That clause exists for times like these.

Many of the construction workers will leave states where they have resided and move temporarily to the areas that have been ravaged by nature.  Creating another challenge of not enough construction workers available when the supplies are once again readily available.  

Our prayers and donations are directed to helping so many recover from unimaginable loss.

Real Estate, Real World – Irene Hammond, Making a Niche Work For You

This week on  Real Estate, Real World podcast Marguerite Crespillo interviews Author Irene Hammond.

We discuss specializing in the Active Adult Communities market as a Realtor niche and the new book Retirement Isn’t Boring, When you live in an Active Adult Community.

Here is the podcast link.  Be sure to subscribe for more great information on real estate, marketing and business.

 

 

It was so fun having long time realtor and author of the book, “Retirement Isn’t Boring When You Live in an Active Adult Community,” Irene Hammond on the show! She shared some fantastic insight into her real estate specialty, the over 55 communities, and why it has been proven so profitable for her.

Finding a niche can be so beneficial within the real estate industry. It not only sets you apart, but makes you recognizable for buyers and referrals. When you have a specialty that you have truly dug your heels into, learned everything you can about it, and made it known that you are the expert it makes marketing to your desired cliental that much simpler. Irene found her niche within active adult communities during a time that they were only beginning to take form and no one had really dove into this specialty. 15 years later, she has accumulated so much knowledge and experience within her niche that she was able to write a book!

I think for most of us the common misperception of retirement communities is the idea that it would be boring, when in reality they are probably more active socially than we are! From travel, activities, and constant interaction with friends and neighbors within your same walk of life, these seniors find themselves busier than ever before!  Ultimately, this purchase not only means a new home, but signifies a new lifestyle. This type of relocation comes at a time in your life when you are no longer moving with your family in mind…you are LIVING with yourself and your own interests in mind! That’s the dream!

In her book, Irene answers all the questions she typically receives from buyers and also gives all the basic information an agent would need in order to better serve their 55+ clients. It is the perfect resource! I highly recommend you give her book a read and this podcast a listen so you too can find out how to better serve your clients and possibly yourself one day!

Show Features

Here are some of the key takeaways from this episode.

  • The Value of Finding Your Niche
  • Why 55+ Communities Have Easy Transactions
  • How to Make Clients Come to You
  • The Importance of Catering Your Business to Your Strengths

 

Why do you care if your home inspector is an ASHI Member?

ASHI home inspector logo

ASHI is the American Society of Home Inspectors.  Even though the state of Arizona has based the standards for home inspectors on the ASHI standards, an ASHI Home Inspector has a higher level of experience. 

The Arizona State Licensing requires 30 inspections with  an experienced licensed inspector.  ASHI requires the Home Inspectors to have 250 inspections “under their belt” before they can become ASHI Certified. 

So an ASHI Certified Home Inspector is guaranteed to have more experience than a newly licensed inspector. 

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