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Posts Tagged Existing Home

• Buyers offering more than the list price for an existing home?

  By Dan Dolan Dan Dolan Homes The discussions were particularly animated at a recent real estate meeting that I attended. For those of us old enough to remember the vintage, “Can you top this?” radio program, someone would mention an event, and another would “top it” with an even more ex...

• How a one-time down payment lets you live “payment free” for as long as you remain in your home. What’s not to like?

  By Dan Dolan Dan Dolan Homes Many of you who read my commentaries in this publication know we have supported the mortgage program approved by Congress a couple years ago. The Reverse Mortgage for Purchase lets seniors age 62 and over purchase a new Dan Dolan home with a moderate one-time down pa...

• Is this a good time to sell my current home and look for new senior housing?

  By Dan Dolan Dan Dolan Homes In my weekend open house visits with seniors who are thinking about moving into new housing, the issue of “when is it a good time to sell my existing home,” is of paramount interest. With good reason. Most of us look to the equity in our existing home to provi...

• Act now to avoid increased home prices and possibly higher mortgage rates

  By Dan Dolan Dan Dolan Homes We knew it had to come sooner or later. Well, it’s here. Suppliers have been bombarding me with price increases over the last two weeks. First the roofing systems. An increase of $1,000 per home. Next: Plywood costs. We use a lot of plywood in each home, and the i...

• What a home buyer taught me about a Reverse Mortgage for Purchase

  By Dan Dolan Dan Dolan Homes What a home buyer taught me about a Reverse Mortgage for Purchase and saving $70,000 a year in assisted living costs Once again, I learned a lot from a home buyer. Those of you, who read my column in this publication, may recall that my weekend open houses are a ...

• Is this a good time to put my home on the market, or should I wait for a better time?

  By Dan Dolan Dan Dolan Homes The questions that I get from potential home buyers at my weekend open houses are an outstanding barometer of what’s on the mind of consumers relative to their home buying outlook and intentions. Sometimes the questions relate to financing. Or to construction tren...

• Seniors who lock-in their next-stage housing reduce costs and help preserve their wealth

  By Dan Dolan Dan Dolan Homes Talk about a rollercoaster ride! When last we visited in this space, congress and the president were negotiating a debt ceiling; the U.S. enjoyed a AAA credit rating, and gold was selling at about $1,608 per ounce. In just that intervening month, we have established...

• Elderly couple at open house told me they were serious…but could I help?

  By Dan Dolan Dan Dolan Homes The woman greeted me first and indicated they wanted to downsize their living space with everything on one floor to eliminate stairs. They also now wanted to find housing that would not require a monthly outlay of cash except for the usual taxes, utilities, insuran...