Retirement Communties

Do You Know What Your Realtor Was Doing This Weekend?

July 7th, 2008 categories: Elk Grove, Home Buyer, Retirement Communties

Phone Ringing This weekend two different Home buyers found the house that they would like to buy while looking at homes for sale in Elk Grove, CA.

Yes, it was the July 4^th weekend but that happens to be a time when home buyers are available to look at houses. This is not a 9 to 5 job Monday through Friday.

I’m of the old school where I make myself available for my clients when they are not working. I find that it makes for a happy client.

Home buyer, Mr. & Mrs. X saw ten houses on July 4^th that were either Short Sale or Bank Owned homes for sale. Mr. & Mrs. X decided on a house that they would like to write an offer on that was Short Sale.

Mr. & Mrs. X are from out of town, staying in a hotel in order to find the house they will purchase as a second home right now, with the hope of making it their retirement home, later. These home buyers will be relocating to Elk Grove, CA to retire.

We are finding quite a few of Baby Boomers don’t want to move into a secluded retirement facility. Baby Boomers are opting to live closer to the grandchildren when they retire and want to live in a neighborhood that is not age restricted.

There are quite few homes for sale in Elk Grove, CA to chose from and both sets of home buyers were delighted to find just the right house this weekend in Elk Grove.

Now, the sad part about both Mr. & Mrs. X as well as the other home buyers, Mr. & Mrs. Y (wanted to submit an offer on a regular listing, not a short sale or foreclosure) is that none of the agents who had listed the houses that my buyers wanted to buy were available to answer any phone calls.

It is so sad to see agents take listings and not answer their phones or return phone calls. In fact, that is how Mr. & Mrs. X found me. They had been through two real estate agents who didn’t return phone calls or follow-up with them. I digress…

When an offer is to be written, both agents need to communicate for several reasons.

to see if there are any other offers
to verify if the house is still available to accept an offer
to verify the fax number or email of the listings agent in order to send the contract.

Depending on the listing, depends upon if any phone calls are warranted. However, it is only common courtesy to acknowledge when someone has called.

Needless, to say offers for both of these home buyers will not go out until this week after the listing agents return phone calls. People keep saying how bad real estate is but what I’m finding is that there are home buyers who are willing and able to buy if only agents would just pick up their phones or at least return phone calls.

Does your agent return phone calls? Are you waiting to get an offer on your house for sale?

I would love to send you an offer…just waiting for a return phone call.

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Authored by Gena Riede | Discussion: Comments »

Reverse Mortgage Helps You Stay in Your Home

April 22nd, 2008 categories: Mortgage, Real Estate, Retirement Communties

If you are at least 62 years young or older, reverse mortgage may be for you. Reverse Mortgages allow homeowners to convert the equity in their home to cash while retaining ownership and not making any house payments as long as you live in the house.

Property taxes and homeowner insurance are still the responsibility of the homeowner, to pay, though.

Hope you enjoy this little video that we can all relate to…

http://www.youtube.com/watch?v=waOMnQ_Ws90

In order to qualify for a reverse mortgage you must have paid off or have equity in your home. There are limits as to how much money can be drawn out of the equity. You can be paid in a lump sum, in monthly advances or through a line of credit. Maybe even all three.

The money you receive and agree upon can be used for daily living expenses, medical care, repairs on the house and much more.

You make no payments to a lender anymore. There is only one stipulation, you must reside in the house.

Its important to make sure that HUD backs the Reverse Mortgage. You will be referred for counseling to determine if you are eligible. Once you have completed the counseling, you will be issued a certificate as proof that you have completed counseling. This certificate must be presented to a HUD Direct Reverse Mortgage Lender.

You will be asked how or if you would like to receive payments and the Lender will provide you with the total cost of the loan, as required by the Federal Truth in Lending Act. An appraisal of your home must be done in order to determine the value and the physical condition of the property. If there are any significant repairs to be made, you will be required to have a contractor complete the repairs after the Reverse Mortgage closes.

It does cost money to sign and record all of the paperwork, which is what we call closing. However, you can opt to have those costs rolled into the reverse mortgage loan.

What happens is that your remaining loan is paid off and a new lien is placed on your property.

Each month you will receive a statement that shows what the current interest rate is and how your equity has been reduced. It is important to have a good understanding of how Reverse Mortgage works and see if its a good idea for you.

If you are interested in having a quote fill out the form at the link or speak with a HUD Direct Reverse Mortgage Specialists, by calling 1“866“326“2583.

There are plenty of Active Adult communities that are gated if that is of interest to you. Just give me a call and I can make sure to send you homes and condos for sale in retirement communities both in Sacramento, Elk Grove, Folsom, Roseville, Lincoln and El Dorado Hills.

If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.

Other Related Articles:

Tax Savings for Seniors

Retire in Elk Grove California

Retire in Roseville

Baby Boomers in Real Estate

Active Adult Communities Around Sacramento

Authored by Gena Riede | Discussion: 2 Comments »

Retire in Elk Grove California

June 4th, 2007 categories: Elk Grove, Home Buyer, Homes For Sale, Real Estate, Relocating, Retirement Communties, Sacramento

Baby Boomers are starting to look for Active Senior Communities and thinking about where to retire near Sacramento, CA. Are you looking for an Active Adult Community or Retirement Community for the 55+ and over group? Is a retirement community with age restrictions a place where you would like live?…here are my top two active adult communities to consider calling home in Elk Grove, CA. This new Del Webb retirement community is currently under construction. There is no golf course associated with this particular community but there are golf courses near by. Let me know when you plan on relocating and I will be more than happy to let you know where all of the Adult Communities are located. When you are ready, it would be my pleasure to help you with the purchase of your home in an active adult community. The selected retirement areas have age restrictions where one of you must be at least 55 years young. Be sure to read this great little article that I found on How to Retire Rich…are you prepared?

Elk Grove - Lakeside Heritage located near Highway 5 just minutes from Downtown Sacramento in a gated community.

New Active Adult Community

Del Webb is building a mini (no golf course) Del Webb in Elk Grove at Glenbrooke, just west of Hwy 99 and minutes from Downtown Sacramento, Sacramento International Airport for all those trips you will take, an 1 hr & 45 minutes to San Francisco and 1 hr 30 minutes to the Sierra mountains for those ski trips. Great central location with 130 days of sunshine! What more could you ask for? Glenbrooke amenities are:

Recreational center
Fitness center
Outdoor swimming pool
Multi-purpose room
Tennis
Bocce Ball
Whirlpool
Walking Trails
Putting Green
Club House
Hobby Room

Del Webb in Elk Grove at Glenbrooke This project will house 631 homes Priced from $280,990 - $410,990 Square Feet from 1,257 to 2,252

These are just a few of the great places for active seniors who would like a place to store their luggage while traveling and enjoying life…give me call and let’s talk about where you would like your next closet to be. DelWebbModel This is one of the many models in the construction stage at Glenbrooke in Elk Grove, CA. As always if you have questions that I can help you with, please feel free to leave a comment, below, email me or call me directly at 916.417.2699. And if an Active Adult Community is not what you are looking but instead would like to live in a home that has at least 1300 square feet with 3 Bedrooms, 2 baths and was built no later than 2000 and costs between $300,000 to $$400,000 click on the arrow and take a peak of the Homes for Sale in Elk Grove, CA.

Other Related Articles:

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Baby Boomers in Real Estate

Active Adult Communities Around Sacramento

Authored by | Discussion: Comments »

Retire in Roseville California

May 28th, 2007 categories: Home Buyer, Real Estate, Relocating, Retirement Communties, Roseville

Are you a Baby Boomer starting to look for an Active Adult Community and thinking about where to retire near Sacramento, CA?

Placer County which is right next door to Sacramento is a great location to relocate.

It is close to the Sacramento International Airport for all your traveling, close to the Roseville Galleria for shopping and quite a luscious assortment of restaurants to choose from, skiing in the Sierras or simply gathering for a round of golf in your own retirement community. If one of you is 55+ then you qualify to move-in these retirement communities.

When you are ready, it would be my pleasure to help you with the purchase of your retirement home in an active adult community. Be sure to read this great little article that I found onHow to Retire Rich…are you prepared? In Placer County

Lincoln - Sun City Lincoln Hills

Roseville- Sun City Roseville

Rocklin - Springfield @ Whitney Oaks

* New Active Adult Community Del Webb, The Club at WestPark in Roseville (Golf Course pictured above) Project has 700 homes Priced from $428,990 - $606,990 Square Feet from 1,645 to 2,815

As always if you have questions that I can help you with, please feel free to leave a comment, below.

Related Articles:

Active Adult Communities Around Sacramento (also Placer County, Elk Dorado County and Yolo County)

Baby Boomer in Real Estate

Authored by | Discussion: 4 Comments »

Baby Boomers in Real Estate

October 21st, 2006 categories: Real Estate, Retirement Communties

Baby Boomers are those people born between 1946-1964.

There are approximately 78-79 million. Baby Boomers make up the largest population. The National Association of Realtors studied the Baby Boomer generation to see what differences there were with the next retirement group in terms of their Real Estate needs. They found that the Baby Boomers are significantly different than past generations in that they typically married later, had families later and plan to continue working till age 70.

Read the rest of this entry »

Authored by | Discussion: 3 Comments »