Thursday, June 14, 2018

The latest trend in Senior Living - Seniors Want the Urban Social Experience

Seniors Want the Urban Social Experience

According to the 2017 Aging in Cities Survey commissioned by Welltower, seniors are no longer content to retire quietly to the suburbs to live out their twilight years. In fact, 78 percent of baby boomers reported a desire to stay in their current city beyond age 80.
Why the city?
Today's senior wants the urban social experience with walkable downtown areas and shopping centers in addition to quality health care and public transportation. They want access to cultural activities and diverse populations that allow for the opportunity to meet new people. Eight out of 10 survey respondents reported wanting to make new friends in their 80s, and 60 percent believe it's easier to meet new people in a city environment compared to a suburb.
How do they plan to live?
One in five baby boomers said their first choice would be to live in an urban senior living community with full amenities and access to the city's offerings, with another 76 percent stating they would be very open or somewhat open to this idea.
Why is this significant?
According to the report, urban areas with a high quality of life are experiencing double-digit growth of the aging population, often six times faster than the city's total population growth. With the oldest baby boomers entering their 70s, agents need to be ready to find properties suitable for this demographic.
What's the takeaway?
What home features and community amenities should you be aware of for this group? Easy access to public transportation and a parking garage topped the list of desired amenities. For home features, look for well-designed kitchens, elevator access and communities that allow pets in the home. On-site community features should include full-service laundry, gyms, pools and outdoor areas.
Get in touch with me today if you are thinking of moving--whether or not you are a senior,  if you'd like to discuss this or other trends happening in our industry. And if you know anyone, whether senior or not. who is thinking of moving, I always have time for and appreciate your referrals.

Call:  (301)921-4500

Life is good!

Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed

Thursday, June 7, 2018

The interesting real estate history of a local home.

Front of the house which didn't originally exist when house was built!

House of the day with some interesting history.
A spacious 5 bedroom and 3 bath rambler in a cul de sac near Georgia Ave and Layhill Rd.
Originally the back of the house used to be the front of the house, I believe before the cul de sac and neighboring houses existed. Below is "the original front" and what is now the back of the house.

Original front of the house (now the back of the house)

So you left the house on a different street than the street is currently on.  The home's original address may be different than the home's current address!
The owner put an addition on the house, converting the front of the house into the back of the house while the other houses on the street were being developed. That makes a lot of sense because the other houses on the street look different in style and in build.
Perhaps because of the way the lots in the cul de sac were subdivided,
 the owners of the home didn't think they could gracefully create a full driveway and/or garage.
My client and I were looking at possibilities to extend the driveway and/or add a garage

I love coming across unique homes with history behind them.

Doesn't HGTV have or used to have a show called What's up with this house?

Call:  (301)943-4370

Anytime you or someone you know is thinking about making a move in the Maryland or DC area, has a question about their local market...even a question about a specific house, please refer people to me and reach out to me yourselves.  Call/Text/WhatsApp:  (301)943-4370 or  I always have time and appreciate your referrals.  

Life is good!

Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed

Thursday, May 10, 2018

Listed and sold in White Oak, part of Silver Spring, MD in 3 days, beating a foreclosure notice!

Cell:  (301)943-4370

I listed and sold 10702 Meadowhill Road, a 4 level split in White Oak, a part of Silver Spring, MD.
The house is in Northwest Branch Estates, boasts 4 bedrooms and 2 baths upstairs, a 5th bedroom with bath one level down.  The main level has a kitchen, of course :-), dining room and living room plus access to the deck in the backyard.  Down one level, on the same level as the 5th bedroom is a family room with a side entrance to the driveway.  The lowest basement is a recreation/office area plus workshop.  
We listed the house on a Sunday morning and 3 days later we were under contract with a strong as is offer from the buyer.

Unfortunately it was a tight situation financially and the buyers worked with us in moving up the settlement date to beat a foreclosure notice, so it could be a clean sale, the seller could get some proceeds from the sale of the house.  With the quick and sudden settlement, the buyer allowed the seller to do a 45 day rent back  With a great team effort from surrounding friends and kind people, we were able to help the seller pack what she needed to take, get rid of items she didn't need and get the house empty and clean for the buyer.

Special kudos to the settlement company for going above and beyond in not just regular communications but working to keep everyone calm and focused, during a particularly intense sales process.  It's never easy for someone to move after living in a house, being part of a community for over 20 years.

Best wishes to the seller and buyer on their next steps.

If you or anyone you know is thinking about moving or has a real estate question, I would love to talk even if you aren't ready to buy or sell.  Call: (301)943-4370 or email:
I always have time for and appreciate referrals. 

Life is good!

Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guarateed

Wednesday, April 11, 2018

Owning an investment property continues to be one of the best decisions I ever made.

Cell: (301)943-4370

Awesome day already.

Big personal real estate news and success.

Right before Easter I sent my renters a happy holiday note and let them know I was going to be out of communication a few days.

My renters responded saying thank you, we wish you a happy Passover and they plan to send me some happy news.

They emailed me last Wednesday. Opens up with 1 of them recently getting a great new job and them recently getting engaged, how much they love my condo and it has been a special place.

I am waiting for the next paragraph about moving but...

They continue that with the new job they will be in DC at least a few more years, would love to stay and even extend with a multi year lease, as I had present to them when they considered the condo last summer.

I'm thinking, "HECK YEAH", and after a short time period of analyzing the situation and the market, replied saying let's extend the currently lease by 2 years through and including the the end of July 2020 with proposed rent of $X that will be kept in place during that time.

And....this morning we are fully signed off on the lease extension!!!

This is so fabulous. Our lease was set to end July 30 and they had to give me 60 days notice of their intentions (the end of May) and now a lease is extended roughly a month and a half ahead of the game. I can now relax on Memorial Day Weekend, lol.

If it had been signed off yesterday, then it would have literally been de ja vu all over again! A few years ago on April 10, my previous tenant and I also agreed to a 2 year lease extension.

Two of the best moves I have ever made were buying a condo, even while a single guy and keeping the condo as an investment property when I got married. It has really paid off and I burned the mortgage a little back. I treat the condo like a business and have been mostly blessed with good renters and income.

Have you ever thought about buying an investment property? We should talk.

Top of the morning to you!

Have your colleagues, family or friends ever talked about buying an investment property, whether as a place they would first live in and keep as a rental when they move or buy a place to rent out right away?
I would be happy to meet and discuss the topic with them. Even if they aren't in the market to buy or sell but have a real estate question and want to talk about the market, have them contact me: (301)943-4370, for high service and low pressure. I always gave time for and appreciate your referrals.

Life is good!

Cell/Direct: (301)943-4370
Office: (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed