Bruce shares his advise and experience on the Milwaukee-area Real Estate Market, Senior Living Real Estate options, families helping senior parents downsize and much more!
With our 24/7 news cycle, we are inundated with stories that just keep repeating causing nightmares and constant worry. How many times have you heard the word “inflation” in the last 6 months? Inflation is a loaded word with many implications. This article is focusing on the relationship between inflation and the home you own.
Read MoreHolidays can bring cheer, generosity, and fellowship, but it can also stir up emotions that have lingered beneath the surface. My articles are bent toward real estate and how we can make better decisions when the situation calls for action. The same is true for what feelings lie beneath the surface as we begin to ponder our lives and well-being.
Read MoreWell, now you have reached that age…you know, that number that says it can’t be you, must be your parents! It is you and now you have some very important decisions to make. Like all of us, with longevity comes issues which are financial, physical changes and financial challenges. We all want our money to last. None of us want to rely on others for our well-being. Staying independent for as long as possible is the goal.
Read MoreIn life, you’ll face a variety of challenges depending on your age, location, background, and an effectively endless list of other variables. Few things remain constant as you grow older, however, and one of these things is moving house – from buying your first home to moving into your place of retirement, it’s a situation you’ll likely have at one point in your life.
Read MoreYes, the real estate market has finally peaked. Since 2016, we have seen 30% increases in property values on average in most areas. That is truly unprecedented in such a relatively short period of time. Record low interest rates (still hovering around 3% for a 30-year fixed rate mortgage) as well as a mountain sized group of millennial purchasers have contributed to this real estate owner’s bonanza. Warning: all that goes up…you know the rest. Thankfully we have stability right now in our financial markets. However, buyers are beginning to move to the side lines for two main reasons: first they grew tired of competing with other rabid purchasers and losing out on a home purchase, and second the price points have increased to where the current sticker price is turning young families away from submitting an offer. They want to wait for prices and inventory to trend to their benefit.
Read MoreMoving to a new environment can be tough for seniors because it means they will have to adjust to being in a different place. Many seniors are hesitant to move, not just because it would mean adjusting to a new environment, but also because it will increase their responsibility in caring for themselves. However, this could be a good opportunity for the senior to change his or her way of life in order to live healthier and longer.
Read MoreWhen a family with an elder(s) or an elder him or her self begins to think about and have conversations with their family about moving to a retirement or independent living community with life long services, these conversations may become uncomfortable and anxiety provoking because they consist of making major changes in home, relationships, and even in family dynamics. We already know that everyone seems to have a slightly different opinion, for those involved directly the stakes are very high, and previous attempts to have such conversations may have not turned out very well. People can feel unsure of themselves and elders may experience that their own wishes may appear disregarded by their children who push for changes to insure a more safe and healthy environment.
Read MoreI keep close contact with senior communities and for the most part they are experiencing record numbers of ‘tours’ in their respective senior living communities. I expected this to happen as so many boomers and their parents have waited out the pandemic and now are taking action on their desire to downsize and move to a new lifestyle. I am not just talking about the ‘silent generation’ (born 1925-1945), but ‘baby boomers’ (born 1946-1964). Both of these groups constitute a whopping 67 million homeowners ready to make their move in the next few years. Yes, many of you will stay. But the future is now, and we are starting to see the effects of this movement in real time.
Read MoreEveryone hates to think about it, but there’s a chance many of us will require some sort of long-term care, whether it’s in-home from a skilled provider, in an assisted-living facility, or in a nursing home. We dislike the thought of not being able to take care of ourselves the way we want. And even though we’re living longer, many of us are one major heart attack, stroke, disease, or accident away from needing long-term care.
Read MoreSupply and demand. That has always been the driving force in real estate. If too much supply and too few buyers, prices will fall, and properties will take much longer to sell and sell at a discounted price. This was displayed in the recession of 2008. Fast forward to 2021, and supply is at an all-time low with the buyer population at an all-time high. To add to today’s frenzied market, interest rates are at an all-time low. These are more “all-times” never seen in the long history of this country’s housing market.
Read MoreClick below to view a great article provided by RetireGuide.com about the moving and downsizing process for seniors. It includes steps you can take to start the downsizing process, as well as some things to consider when you’re making the big move!
Read MoreThere comes a time when your parents start needing more supervision. At that point, it would be a good idea to have your aging parents move, either to downsize or to be closer to family. But don't expect that this will be a welcome change, at least not right away. Older people struggle with the idea of change to the point of fearing it. Because of fear of change, the brain seeks predictability and avoids uncertainty. For older people, uprooting their lives can be a source of the unknown.
Read MoreBruce has been a full time Realtor for over 35 years in the Milwaukee-Metro area. He has helped over 3,000 families sell or buy a home. Bruce also specializes in helping seniors transition from their long time home to a senior community, apartment or condo. He is a featured speaker at several senior communities in the four county Milwaukee-Metro area. Bruce also writes an article for 50plus magazine.
Bruce & Jeanne Nemovitz
With 6 offices in the greater Milwaukee area, Bruce’s Team serves the Ozaukee, Milwaukee, Waukesha, Washington, and Racine counties real estate market.
Copyright 2019 Bruce Nemovitz | Office: (262) 242-6177/ Fax: (414) 755-7512 | bruce@brucesteam.com | Serving the 4-County Milwaukee area
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