Southfield, MI, December 04, 2011 --(PR.com
)-- As the housing market continues to recover from the great real estate bubble burst, aging seniors are among the many thousands of homeowners stuck with housing assets they no longer wish to own.
We see seniors every day who say they’re ready to begin enjoying a carefree rental retirement lifestyle but feel they can’t because they think they’re shackled to a home they can’t afford to sell, said Cathy Lubanski, executive director of The Fountains at Franklin.
According to Karen Walls, Realtor and Senior transitional move advisor with Century 21 Today: The current inventory and selections of homes are down, there is shadow bank inventory out there, slowly being released. However, not to be dismayed, buyers are still looking for traditional sales and private owned homes, not necessarily "money pits." Short sales are moving along a bit more expeditiously and not as overwhelming as in the past. Banks are considering true hardships which often effect the senior population. Lenders are stepping forth their efforts to help the distressed elderly. Interest rates are great and still it is a strong buyers market.
Seniors today have so many options for living well in a community setting and we want to help more of them overcome home-selling obstacles so they can move on with their lives and thrive, Lubanski added.
The Fountains at Franklin will offer a free workshop called “Selling Your Home in This Economy” on Tuesday, December 6th at 2:00pm. The workshop will be presented by Realtor Karen Walls and Rhonda Johnson of Century 21 and Isaac Bryant of Flagstar Bank. To attend, call 248-353-2810.