Many homeowners have one big asset in their pocket: real property. They can use that asset to help them financially. Options for tapping home equity are HELOCs, home equity loans, refinances, and reverse mortgages. HELOCs With a home equity line of credit (HELOC), homeowners can borrow money against the equity in their home. Opening a line of […]
Decluttering is the first step in getting the home ready for buyers. Seniors, particularly those who’ve lived in their home for years, have a lot of stuff. And much of it is precious to them; it’s certainly not “clutter”! But buyers will likely see it as such. To gain a different perspective, it’s helpful to […]
Retirement and Active Adult Communities Retirement communities are typically for older adults who are still fully capable of living alone. Some cater to “active adults,” age 55 years old and older. Types include single-family, semi-detached, condos, and townhomes. Active adult communities don’t typically offer group dining facilities or healthcare services. Whether rentals or owned properties, common features include: […]
Information provided by Claddagh Capital LLC What is a Cap Rate and why its important? A Capitalization Rate or cap rate is a metric used in commercial real estate to assess the return and risk of a property, purchased on an all-cash basis or unleveled (no mortgage). The cap rate is used on an unleveled […]
Quite a few of our clients are considering selling their Queens’ houses, and if you’re in that same boat, now is a great time to do a little prep work. Here are a few home-improvement tips we recommend to get your house ready now, and sell later: 1. Embrace Spring Cleaning Now is that special […]
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