Ask Your Appraiser

February 23rd, 2016 9:24 AM

If done correctly, the transition into retirement should be a smooth process. It’s a point of significant change not only for yourself, but for the entire family. So before you decide to let go of the job and resort to the sandy beaches for relaxation and tranquility, proper planning is in order. Follow this checklist so that you know what you’re in for.       

Prepare a budget and determine your expenses 
Consider your lifestyle and how it will drastically change over the next 20 to 30 years. Think about it: your money may begin being devoted more to travel, hobbies, and entertainment since you'll have more time on your hands. To add, insurance costs will rise and even the cost of living, if the plan is to relocate. It's wise to get a clear understanding about how much these things will affect your pockets. 

Get rid of debt
Try to head into retirement with the least amount of debt possible. Bankrate suggests that if retirement is on the horizon and you have debt, compensate those with the highest interest rate first. 

Prepare a balance sheet
Balance sheets portray your assets and liabilities, which determine your net worth. Assets include personal possessions of value, investments, and real estate. Liabilities are your debts and legal obligations. 

Estate Planning
Everyone needs an updated will. Be sure to seek out the expertise of an attorney and appraiser in order to properly assist in this process. Instruction to the executor detailing who should receive which personal heirloom is not binding, but a great help to a family in mourning.

Conduct a house check
Think about future needs when remodeling your home. recommends handles and doorknobs that are easy to maneuver and installing a shower with a low threshold and shower seat. 


Posted in:Tips and tagged: attorneyestateplanning
Posted by on February 23rd, 2016 9:24 AMLeave a Comment

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February 10th, 2016 12:24 PM

If you are looking to buy or sell a home for the very first time, seeking assistance from a realtor will be a relationship worth thoroughly developing. Face it, you’ll probably be spending a few weeks and countless hours with this individual to get results in your favor; so it’s important to develop an alliance that’s formulated down to the nitty-gritty. Real Estate experts suggest that it’s best to uncover all sorts of details about your prospective realtor prior to hiring them to be your right-hand man. After all, you don’t have to choose the first realtor you meet.

So in order to ensure a positive experience your first go round, here are 15 questions you should consider asking your realtor:

  1. Can you explain this process to me?
  2. What experience do you have?
  3. Do you work solo or as a part of a team?
  4. May I check your references?
  5. How do your realtor fees work?
  6. How will you market my home?
  7. How will you keep me informed?
  8. Is this area growing or declining?
  9. Can I have a copy of the data collected from the Comparative Marketing Analysis for the area?
  10. How many clients are you currently representing?
  11. How often will you communicate with me?
  12. At what price do you anticipate my house will sell in the current market?
  13. What will be my closing costs?
  14. What do you know about home loans?
  15. How many homes have you closed on in my neighborhood?

Posted in:Tips and tagged: AppraisalsReal Estate
Posted by Michael Anthony on February 10th, 2016 12:24 PMLeave a Comment

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