Changes are taking place in the real estate market due to the Coronavirus pandemic. (Photo: Bigstock). The coronavirus pandemic has hit the global and national economy, but as stay-at-home orders have been gradually lifted, changes are taking place in the real estate market. To learn how COVID-19 has affected our local residential real estate […]
Coronavirus and Mortgage Relief: Forbearance Options
The coronavirus has led to an unprecedented spike in unemployment in across the nation. During the Great Recession from 2008 to 2012, the highest number of people without jobs reached 15.3 million. Now, over 26 million workers have filed jobless claims in a five-week period, according the U.S. Department of Labor. Combine that with the […]
Coronavirus Financial Relief with a Reverse Mortgage – Part 2
The COVID-19 pandemic has taken a global toll on the markets and the retirement accounts of many seniors. Seniors who are homeowners, however, can access to cash for living expenses through a reverse mortgage. The reverse mortgage is a financial tool that has helped many seniors who are over 62 years old. In my previous […]
Coronavirus Financial Relief With a Reverse Mortgage – Part 1
If you are over 62 years of age, you could be a candidate for a reverse mortgage. (Photo: Joe Hepburn, Unsplash). The economic effect of the coronavirus pandemic been global. Retirees have seen their retirement nest eggs shrink over the last couple of months. Yet, as we have seen in the past, markets usually […]
Coronavirus, Senior Housing and Accessory Dwelling Units
An Accessory Dwelling Unit (ADU) is an extra living space or secondary dwelling, which can help to house multi-generational families and enables seniors to “age-in-place” with their family. (Photo: Kara Eads, Unsplash). Across the nation, senior housing facilities, from independent living to memory care, have been hit hard by the coronavirus. As a result, many […]
Alternatives to Foreclosure in a Coronavirus World
Even in good markets, unexpected events or circumstances happen. People lose jobs, suffer health issues, and for a variety of reasons, are unable to make their mortgage payments. The coronavirus crisis has created a level of job loss never before seen in history. When a homeowner gets behind in their payments, they usually don’t know […]
Coronavirus and 1031 Exchanges
A 1031 Exchange is a tax-deferred real estate transaction that “swaps” one investment property with another investment property under very strict IRS rules for the timeline and deadlines that structure the transaction. Recently, stay-at-home orders suspended in-person showings of properties, making it tough to identify a replacement property in a timely manner. This adds pressure […]
Stay at home and plan your next or first-time home purchase
Shelter-in-place and stay-at-home orders have had an immense impact on our lives. Owning a home and having a place where you feel safe has never been so crucial in recent history. While we are all staying home, it is a great time to get organized to ensure your next home or first-time home purchase goes […]
Real Estate As a “Critical Business” During Coronavirus Stay-at-Home Order
With the coronavirus spreading, the world is changing very rapidly. In response, the real estate world is swiftly adapting to the needs of our communities. With the coronavirus spreading, the world is changing very rapidly. In response, the real estate world is swiftly adapting to the needs of our communities. On March 26, 2020, […]
At Home During the Coronavirus Crisis and What’s To Come When It’s Over
In time of crisis, the one place that people go to for their safe haven is their home. Now homes are places of business as well. (Photo: Paige Code, Unsplash). Everyone needs to do their part to stop the spread of the coronavirus. Right now, home is the safest place to be. Sheltering-in-place at home […]