Rent or Buy in a 55+ Community? Here’s What to Consider

Thinking about moving to an active adult (55+) community? One of the first big decisions is whether to rent or buy. Both options have their perks—it all depends on your lifestyle, finances, and future plans.

Why Rent?

• Lower Upfront Costs: No big down payment or closing fees.
• Predictable Monthly Expenses: Rent often includes amenities and services.
• Flexibility: Easier to move if your needs change.
• Less Responsibility: No maintenance or property taxes to worry about.

Why Buy?

• Long-Term Stability: You’re not at the mercy of a landlord or rising rents.
• Tax Benefits: Homeowners may qualify for deductions.
• More Control: Want to renovate? You can.
• Stronger Community Ties: Owners tend to stay longer, creating a more stable neighborhood.

Things to Keep in Mind

• Rent Can Rise: Over time, rental costs may increase.
• Ownership Has Risks: Property values can fluctuate, and resale may be limited to the 55+ market.
• Freedom vs. Flexibility: Renting offers mobility; owning offers control.

Bottom Line:
There’s no one-size-fits-all answer. Renting offers flexibility and ease, while buying provides stability and control. The right choice depends on your goals and lifestyle.

If you would like to discuss your options, let’s connect.

Information from an article in The SRES Professional May/June 2025

“Prepping an Estate Property for Sale: What to Do First”

Losing a loved one is hard enough. Managing their home and belongings afterward can feel like a heavy responsibility—but you don’t have to go it alone.

Here’s a practical and compassionate checklist to help you get started:

1. Secure the property.

Make sure the home is locked, utilities are functioning (or safely shut off), and mail is forwarded. If needed, change the locks and notify the HOA or neighbors.

2. Locate important documents.

Gather the will or trust documents, property deed, mortgage info, insurance policies, and utility bills. Having everything organized early can save time and legal complications later.

3. Contact professionals.

You’ll likely need an attorney (especially if probate is involved), a real estate agent experienced in estate sales, and possibly a CPA. If personal belongings need to be sold, an estate sale company can help.

4. Assess the property’s condition.

A thorough walkthrough will reveal what repairs or updates may be necessary to prepare for sale. You don’t need to renovate—just get it clean, safe, and show-ready.

5. Start the cleanout process.

This is often the most emotional and time-consuming step. Take your time. Let family claim meaningful items first. Then, donate, sell, or discard what’s left.

Selling an estate property can be a healing process—but also a complex one. I specialize in this kind of work and can coordinate everything from cleanout to closing.

🏡 1. “Is It Time to Downsize? 5 Questions to Ask Yourself This Summer”

Summer is a natural time for reflection—and for many, it’s also when the idea of downsizing starts to feel right. Whether it’s the heat making yardwork harder or empty rooms gathering dust, the season can highlight whether your current home still fits your lifestyle.

Here are five smart questions to help you evaluate if downsizing makes sense:

1. Is your home becoming too much to maintain?

If regular upkeep, cleaning, or yardwork feels like a burden—or you’re paying others to handle what you used to do—it might be time to consider something more manageable.

2. Are you using all the space?

Unused bedrooms, dining rooms, or bonus spaces can be more work (and expense) than they’re worth. Downsizing to a space you truly live in can bring relief and simplicity.

3. Would a smaller home support your health and mobility?

Single-story homes, wide doorways, walk-in showers, and lower-maintenance features can make life easier now and in the years ahead.

4. Do you want more freedom?

Less space means less to clean and repair—which can mean more time and money for travel, hobbies, or simply enjoying life.

5. Is now the right time financially?

In many markets, home values remain strong and inventory is low. Selling now could allow you to cash out equity and lower your monthly expenses.

Downsizing doesn’t have to mean “giving up”—it can mean moving forward. If you’re thinking about it but unsure where to start, I’d be honored to help walk you through it.

🧮 Can You Trust Online Mortgage Calculators? Here’s What You Need to Know

Online mortgage calculators are everywhere—and for good reason. They’re quick, free, and easy to use. In just a few clicks, they can give you a rough idea of what your monthly payment might look like. But how accurate are they really?

If you’re relying on one to make a big decision, it’s important to understand what these tools do well—and where they often fall short.

✅ What Online Mortgage Calculators Get Right

Most basic calculators give a good ballpark estimate of your monthly mortgage payment based on:

• Loan amount
• Interest rate
• Loan term (15 or 30 years)

They can be helpful for initial planning—giving you a rough idea of whether you’re looking in the right price range. They’re also useful when comparing a few home prices or different down payment amounts.

⚠️ Where They Miss the Mark

While mortgage calculators can be a good starting point, here’s where they often fall short:

1. They may not include taxes and insurance.

Property taxes and homeowner’s insurance can add hundreds of dollars per month. Many calculators leave these out—or guess based on national averages, which may not reflect Texas or Arkansas rates.

2. They skip HOA dues and other fees.

If the home is in a community with HOA fees or has special assessments, those costs won’t be factored in.

3. They can’t predict your credit-based interest rate.

Online tools often assume a “typical” rate, but your actual rate will depend on your credit score, debt-to-income ratio, and loan type. That can make a big difference in monthly payments.

4. They don’t factor in mortgage insurance.

If your down payment is less than 20%, you’ll likely pay PMI (Private Mortgage Insurance)—and that’s another cost most calculators leave out.

5. They won’t tell you what you’re truly approved for.

Only a lender can provide a pre-approval that takes your full financial picture into account.

🏡 So, What’s the Best Way to Estimate Your Mortgage Payment?

Use an online calculator as a starting point, but don’t stop there. Talk to a local lender (or ask me for a referral). They’ll give you a far more accurate picture—based on your actual finances and real property costs in your area.

Plus, getting pre-approved puts you in a stronger position when you find the right home.

Final Thought:
Online mortgage calculators are a useful tool—but they’re just that: a tool. Think of them like a weather app—it gives you an idea, but you still might want to pack an umbrella.

If you’re beginning to explore home buying, I’d be happy to connect you with trusted local lenders who can give you solid numbers—and answer your questions every step of the way.

Summer Real Estate: Why June Is a Great Time to Sell

As the weather warms up, so does the housing market. If you’re thinking about selling a home—whether it’s your own or an estate property—June might be the perfect time to make a move.

Here’s why listing in early summer can work in your favor:

1. Motivated Buyers Are on the Move

Many buyers aim to settle into a new home before the next school year starts. Summer schedules are more flexible, and buyers are actively looking—often with a sense of urgency.

2. Homes Show Better in Summer

Longer days and bright natural light make homes feel warmer and more inviting. Plus, gardens are blooming, lawns are green, and outdoor spaces shine.

3. You May Get Top Dollar

Demand tends to peak in early summer. If your home is priced right and shows well, you may attract multiple offers—sometimes even above asking.

4. Faster Closings

Many buyers are pre-approved and ready to move quickly, especially if they’ve been shopping since spring. A June listing can mean a July closing—and everyone can enjoy the rest of summer.

5. Downsizing or Settling an Estate? Now’s the Time

If you’re helping a parent transition to senior living or managing the sale of a family member’s home, summer gives you time to prepare, list, and close before the end of the year. And I can help guide every step.

Final Thoughts
If you’re on the fence about selling, don’t wait for fall to roll around. June gives you time, options, and opportunity. Whether you’re downsizing, relocating, or handling an estate, I’m here to help you make smart, stress-free decisions.

Let’s talk about your summer selling strategy.