We're interviewing Sandy Rosenholz of Senior Resources Inc. regarding the real estate needs of the elderly. We ask him who usually reaches out to him (is it the person that needs to move, or a relative/freind). We then talk about different forms of senior housing (+55 communities, independent living, assisted living, and finally, memory care) and how they used to be considered as inhumane places to now - "cruise ships without water." We also discuss the process of selling the real estate of the elderly.
We're talking with Dina Newman of Organizing Concepts And Designs about how to prepare for selling your home by decluttering prior to your move. Also, we cover how many people don't understand that a good percentage of "staging" is about removing things from the house and not adding furniture. Dina then talks about the emotional issues people sometimes have giving up possessions during periods of transition. We also talk about how moving the elderly has it's own challenges and how to work with them.
We're talking with Richard Hayes of G & G Granite about home remodeling and just how far homeowners should take their projects. We discuss a recent study that showed that most full kitchen remodels are less likely to get their value returned than "facelifts" where only minor changes are made. We also discuss the current climate of the kitchen remodeling industry and how the companies advertising on HGTV are dictating the tastes of and potentially spreading disinformation to the general public.
We're speaking with Richard Hershey of WeReduceTaxes(dot)com, an expert in 1031 exchanges and their alternatives. We discuss 1031 exchanges in an easy-to-understand way -- and how they help sellers defer the payment of capital gains taxes. However, because of the lack of inventory in today's market, there is a lack of viable properties to exchange. Instead, his company has another alternative -- a "Deferred Sales Trust." He let's us know in detail how the trust works and how it can be another option.
We start off talking about how inflation could create four interest rate hikes over the next year, making buying a home even more expensive. Then, you won't believe the latest fad in real estate development -- sleeping! Developers are studying sleep patterns to create better environments for their purchasers to get their rest. We finish by discussing something new in real estate - LetGo. Until now, it's an app that's sold junk you don't want, like Craigslist. Now, they want to start selling houses!