55+ Resources, Blog

SOLD! – Royal Harbor 55+ Community

 

Improved price of $197000.00 with $4000.00 concessions for appliances and/or flooring! NEW roof, new air conditioner with 10 year warranty! And only a block away from the lake!!  In Royal Harbor 55+ community!  Within walking distance of Little Lake Harris!!

6217 SAILBOAT AVENUE

Florida living has never looked better! This 3-bedroom, 2-bathroom home is located near the shores of Little Lake Harris within close proximity to the fishing pier in the 55+ Royal Harbor community. Featuring two walk-in closets and his and her sinks, the master suite provides a spacious place to start and end any day. Enjoy the Florida sunshine year-round thanks to large windows throughout and spacious lanai. This home also includes designer light fixtures, a large kitchen with expanded nook, tinted windows, solar sun shades, new air conditioner and more! Extensive landscaping provides a lush, serene oasis with plenty of privacy. Conveniently located in a highly sought after community, you’ll have access to a recreation center, heated swimming pool, walking trails, picnic pavilion, and so much more. There’s never a dull moment when you call Royal Harbor home!

 

 

 

55+ Resources, Blog

6217 Sailboat Avenue, Tavares, FL

SOLD! SOLD! SOLD!

ROYAL HARBOR 55+ COMMUNITY

Florida living has never looked better! This 3-bedroom, 2-bathroom home is located near the shores of Little Lake Harris within close proximity to the fishing pier in the 55+ Royal Harbor community. Featuring two walk-in closets and his and her sinks, the master suite provides a spacious place to start and end any day. Enjoy the Florida sunshine year-round thanks to large windows throughout and spacious lanai. This home also includes designer light fixtures, a large kitchen with expanded nook, tinted windows, solar sun shades, new air conditioner and more! Extensive landscaping provides a lush, serene oasis with plenty of privacy. Conveniently located in a highly sought after community, you’ll have access to a recreation center, heated swimming pool, walking trails, picnic pavilion, and so much more. There’s never a dull moment when you call Royal Harbor home!

Priced to sale at $199,999

 

55+ Resources

Home Equity Conversion Mortgage (HECM)

CMAAre You House-rich, Cash-poor?

Even with the recent challenges in the real estate market, some who have held on to a home for many years still find themselves with substantial equity, yet may feel house-rich and cash-poor. Those over the age of 62 often find balancing the costs of home maintenance, medical expenses and funding hobbies and vacations challenging.

You Can Convert Home Equity Into Cash

One option in tackling such financial hurdles is by taking out a reverse mortgage. A reverse mortgage is a vehicle that allows you to convert your home equity into dollars. Reverse mortgage money can fund home upgrades, pay for in-home assistance or medical care, pay bills or just ease the anxiety associated with tight monthly budgets.

Reverse Mortgage Sizes Vary

The size of a reverse mortgage depends on individual financial circumstance. Usually the older the borrowers are and the more their property is worth, the larger the loan can be. Payouts can be made in a variety of ways, including as a lump sum or as monthly income.

Is a Reverse Mortgage Best For You?

Before taking out a reverse mortgage, it’s important to understand all aspects of the loan product and whether it’s appropriate for your circumstances.

Your expert team, including your SRES® designee, a certified public accountant, a lawyer and close family members, can help you to explore your options and determine whether a reverse mortgage is the financing option that best meets both your short- and long-term needs. For a financial resource and more information on reverse mortgages, contact an SRES® designee.