Last year 4.1 million Americans 62 or older sold or bought a home or both. Every day nearly 11,000 of us reach our 65th birthday. What a market! This week you get a look at a hidden jewel. Awareness is increasing but those who utilize it now are way ahead of the competition. It’s not even close.
If you are a Realtor this is a way to sell a home at ½ price or less and double your clients’ buying power.
Financial advisors will see a way to preserve assets under management when their clients buy a home for ½ or less rather than using all cash or liquidating existing assets. The program not only prevents dissipating assets under management but it often avoids taxes.
Buyers who use this program are never required to make a monthly mortgage payment. They are only responsible for the property taxes, homeowners insurance, association or condo dues and general maintenance. The title is in the owner’s name/s only…..just like any other mortgage.
Bet you didn’t know that. Find out more here.