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February 25, 2013 — We are curious to find out and report on what our members are thinking about when it comes to retirement living preferences – what types of towns, homes, and communities you are thinking about choosing for retirement. NOTE: Thanks to the more than 750 people who…
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Category: Retirement Real Estate
November 20, 2012 -- If Hurricane Sandy had some tiny silver lining amidst the tragedy it wreaked in the Caribbean, New Jersey, New York, and elsewhere, it is its lessons on preparedness. Those lessons could be very relevant to you if you are considering buying a retirement home in the next few years.
Infrastructure experts have long warned state and local officials as well as home owners about serious problems that could come with coastal flooding. Yet electrical and communications equipment left at ground level flooded, along with subway and car tunnels. Homes in flood zones were destroyed, above ground power lines were downed, roads washed out. The resulting human suffering is beyond
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Category: Retirement Real Estate
January 24, 2012 -- One of the most frequent questions we get is on how to find a retirement rental. Usually it is a snowbird looking for a warm winter retreat, while other times it is a retiree looking to try out an active adult community before buying there. Whatever the reason, many people are interested in the rental option, which we always think is a good idea. Here are our top suggestions on how to find a seasonal rental apartment or home for your retirement.
1. Ask your friends. This is usually the surest fire method. If you have friends
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Category: Retirement Real Estate
November 11, 2011 - Here in Biloxi at the “Back from the Brink: Building Bridges to New Horizons” conference put on by the AARC, the mood is resilient, if not overly optimistic. Attendees at the conference were primarily developers of retirement communities and marketers from states/municipalities promoting their regions as retirement destinations. It has been a hard ride for these folks since the real estate market started its downhill ride in 2007. Construction in active communities has virtually stopped as short sales and foreclosed properties have made new properties uncompetitive. Half-finished communities have languished, gone into bankruptcy, or been sold to deeper
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Category: Retirement Real Estate
September 16, 2011 -- The good news is that you have been out looking at active adult or 55+ communities. Scoping out different communities, their homes, and the amenities is an important step in the process of finding your best place to retire. But the bad news is that unless you have a good system for evaluating what you are seeing and learning, or if you don't rate the communities when they are fresh in your mind, they are all going to blend together as time goes on. Which leads us to today's article, how to develop an easy-to-use and reliable system for evaluating active adult communities. Note that
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Category: Retirement Real Estate
July 15, 2011 -- Note: This is Part II in our series from Sandy, who has spent years researching how to find the perfect - and affordable - retirement spot. "Part I: What Sandy Learned in 8 Years of Visiting Dozens of Active Adult Communities" has attracted 49 comments so far.
For me and my husband the best way to a ‘perfect’ retirement is to enjoy wonderful Northern springs, summers and falls - and spend winters somewhere warm. In spite of what a lot of people think, it is possible for almost anyone, even those on a very small budget, to experience this dream. This article will tell about a successful strategy we used to get there.
A few years ago I was searching the Internet for a way to stay longer in Florida without the high cost of the Destin
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Category: Retirement Real Estate
June 1, 2011 -- The U.S. real estate market took a severe pummeling after the long holiday weekend with the release of the latest housing figures. The widely watched S & P/Case-Shiller Index reported that national housing prices index fell 4.2% in 2011's first quarter, on top of a 3.6% decline in the 4th quarter of 2010. Prices across the country have hit new lows since the housing crash, and represent, according to economist Mark Zandi of Moody's Analytics on the PBS Newshour, the most "unprecedented"...
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Category: Retirement Real Estate
October 18, 2010 -- If you have been considering snapping up a great home at a bargain price through a short or foreclosure sale - don't! The past few weeks have been filled with stories about banks who have stopped foreclosing on properties because of sloppy or incomplete paperwork. Bank of America has stopped foreclosure actions in all 50 states, and JP Morgan has stopped such actions in 41 states.The government is up in arms, bank stocks are being hammered, and many financial experts are worried that no one really understands the depth of the problem or how long it will take to solve. No one seems to have a solid grip on understanding the potential repercussions to buyers, sellers, and lending institutions.
The problem has gained so much attention that there is a growing groundswell to implement a national ban on foreclosures. Consider some recent headlines such as
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Category: Retirement Real Estate
Here’s a really good deal – at least for the developer of your new active adult community. A new fee being inserted deep into some convenants has this feature – when you sell your home someday, the developer will get 1% of the price. But wait – it gets better!…
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Category: Retirement Real Estate
July 6 — Results in the real estate market for 2010’s first quarter reflect a dismal picture for the most part. With $8000 tax credits a thing of the past (and which probably sucked up a lot of future demand), real estate sales hit the skids again. A report from…
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