Market Conditions in 33060>Question Details

Kimberly, Other/Just Looking in Maryland

How can one assist a senior who want to move out of their home into a retirement community but are worried about how much their home will sell for?

Asked by Kimberly, Maryland Fri Nov 4, 2011

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Get a price opinion from at least 3 realtors. They will show you all costs involved in selling and what you will end up with at closing. Where are you wanting to move?
0 votes Thank Flag Link Thu Nov 17, 2011
Hi Kimberly,
Please give me a call so we can go over details how I would be willing to help you with your needs.
0 votes Thank Flag Link Mon Nov 7, 2011
The most important is to see how much the last sold houses went for in the last six months them try to find a nice place to move in . Then list your house to the right price and start a new chapter in your live . call me if you wna tme to help you my are Broward county my number is 954-854-0629
0 votes Thank Flag Link Sun Nov 6, 2011
Hi, Kimberly.

As others have stated, a Comparative Market Analysis is the best place to start, The longer anyone has been in their home, the less likely they are to need a short sale. No doubt other considerations may be the large amounts some communities require up front to buy in them.

There are communities that require much less money to be able to buy in them and others who rent units as well as sell life estates in units. The rentals require little more than first, last and security and an application process that shows sufficient monthly income to meet expenses.

I am helping someone look at these places now and she is quite impressed with John Knox Village. Past clients and friends have raved about Wynmoor, a bit further West in Broward County than John Knox Village near interstate 95.

I'd be happy to help you with what can be a difficult transition.
0 votes Thank Flag Link Fri Nov 4, 2011
Hi Kimberly: I have exactly that situation with one of my clients right now. The client had a condo in a retirement community but moved to an assisted living. The market value of her condominium had decreased so we arranged for a short sale for her. Her limited income combined with the event of having to move to assisted living was justification for the bank to approve the short sale.

However, every situation is different.

Feel free to contact me as this may be a good option. It could be that the senior has lived in the property for so long and can just sell with a regular style sale. I'd be happy to help and advise and get them a fair market value of the current property.

Please don't hesitate to call or contact me if you need additional information or if I can help in any further way.

Best of luck,

Villa G Realty, Inc.
Tel: 954-816-7996
Web Reference:
0 votes Thank Flag Link Fri Nov 4, 2011
In order to make a proper determination it would be best to have your property address and for us to see your home. I would be glad to put together some information based on compartivess sales in the neighborhood. Please feel free to give me a call at 954-913-0823 (cell phone)and we can set up an appointment and i can get some addition information when we speak. Thank you and look forward to hearing from you.

Carolyn Russell
Vice President/REO Director
Florida Professional Real Estate Inc.
2737 East Oakland Park Blvd. #203
Fort Lauderdale, FL 33306
954-772-7607 Fax
Visit our Web Site:
0 votes Thank Flag Link Fri Nov 4, 2011
Dear Kimberly, You might look for agents in your area that have a Senior Designation that they received by taking classes to specialize in that area of real estate. But any agent will be able to show you comparable listings and sales in your local to explain what they think your house should list for. As for, how much your house will actually sell for is determined by the buyers! Agents can't predict the future, but only show you want the market is doing in general. I suggest that you take your time and interview a few agents. If you feel too pressured, that's not the agent for you! Get someone with patience and your are comfortable with, that takes the time to explain all the process to you. Before you get something to move in to, you should at least have your house in escrow first. Best, Terry Bell, Realtor, Santa Rosa, CA
0 votes Thank Flag Link Fri Nov 4, 2011
I would be willing to assist you with your needs. When would be the best time for us to meet to go over how I may assist you.
Best regards,
Call or Email for Appointment
William (Bill) Cerino
Xcellence Realty
954-733-6868 Email Web Site
0 votes Thank Flag Link Fri Nov 4, 2011
I would be willing a do a Comparative Market Analysis of your home. Then stop by and go over everything and tell you a reasonable price that you should expect. Please call me to set up an appointment 561-251-5296.

Paul Saperstein
Re/Max Advantage Plus
Real Estate Broker-Associate
Direct Line 561-251-5296
Toll Free 1-888-363-5910
Fax 561-455-9884

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0 votes Thank Flag Link Fri Nov 4, 2011
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