Trying to determine your next step can entail a complex set of decisions relating to finances, ideal over 50 housing locations and property types, as well as anticipating future needs as you or your loved one ages.
As an SRES® designees (Senior Real Estate Specialist). I can consult with you to review your current housing situation and outline the topics to weigh as you consider your next move. I’ll provide pertinent information on 50+ housing trends, financing, and market conditions. I can also develop a team of experts and advisors to help you with every step while you're exploring your options and determining the very best place to call home.
Active adult communities aim to service the interests of active adults over the age of 55. Housing types often include condos, townhouses, and single-family properties, and all are designed with an eye toward delivering a maintenance-free lifestyle for residents. Such communities offer a vast array of on-site activities, including exercise, social clubs, art instruction and lecture series.
Now, just because you’re 55+ doesn’t mean that you have to purchase your new home in an Active Adult community. We can search for homes where ever you want. It’s just that in doing so, with my SRES designation, I’ll be more aware of and be able to point out options that will best fit your future needs.
You can qualify for an H4P (HECM for Purchase) if you’re at least 62 years old and the new home will be your primary residence. Houses and most condos qualify. There are no monthly payments throughout the life of the loan. The loan is non-recourse, which means that you and your heirs are not responsible for any portion of the loan balance that exceeds the home’s value at the time it’s sold or the loan is repaid.
BASED ON YOUR AGE HERE IS A SAMPLE OF WHAT YOU CAN PAY FOR YOUR NEW HOME.
Purchase Price $250,000 $275,000 $300,000 $350,000 $400,000
AGE Cash Required Cash Required Cash Required
62 $128,486 $141,111 $153,736 $178,736 $203,986
65 $124,236 $136,386 $148,786 $173,086 $197,386
68 $118,736 $130,386 $142,036 $165,086 $188,386
70 $115,736 $127,036 $138,586 $161,186 $183,786
CONTACT ME FOR FURTHER DETAILS
Stephanie Boldon Realty
1426 Druid Valley Rd
Atlanta, Georgia 30329
Make your home more attractive to potential buyers. A sparkling clean appearance gives the impression that your home has been well-maintained and cared for over the years.