44 The Queens Courier • REAL ESTATE • march 19, 2015 FOR BREAKING NEWS VISIT www.queenscourier.com Grand opening of Beaudoin Realty Group’s new Long Island City office, last Thursday, March 5 Sheila Lewandowski of LIC Business Women assists as Michele Beaudoin of Beaudoin Realty Group (http://beaudoinrealtor.com/) cuts the ribbon to officially open her new Long Island City branch office last Thursday, March 5. A group of friends and business associates braved the snow to wish her well. Beaudoin’s Jackson Heights office opened in 2001. Photos: Alan Barnett Design and Photography Real Estate, the Family Home and the 70/40 Conversation The Keit Team - A Top Producing Team at Keller Williams Realty Landmark Call Us Now! 917-887-4924 Office: 718-475-2877 By Helen Keit The financial crisis showed many that even “the best laid plans” may not work out. Retirement nest eggs had been decimated and equity in the family home had been reduced drastically as many reaching retirement age had counted on this component to help fund a comfortable retirement. The real estate market, however, has definitely come back here in the NY Metro market. With tight inventories of homes for sale and buyers looking to buy before interest rates rise, your home, in fact, might be worth more than you think! It is still important to plan for your retirement future. Gathering information on the real estate market and knowing your options going forward is crucial. Often family planning discussions are helpful and popular thinking is that the 70/40 rule has become an important beginning marker - when the parents are 70 and can voice their wishes and desires on how they would like to spend their senior years with their grown children (40 yrs old) - before health situations etc. have reached a point of urgency. There are options for homeowners who need access to funds to pay expenses and remain independent: • Reverse mortgages (homeowner must be 62 years old. Check with financial advisers) • Home equity line of credit • Single-purpose loan (check local Area Agency on Aging as these loans are excellent alternatives for home repair offered by state and local governments) • Sale of the home • Sale-leaseback plan (family member or friend buys the home from seniors who don’t want to move and then they become a renter with a life-time tenancy). • Property tax relief program As with all plans, goals change and adaptation is necessary. It’s important to keep up with the latest information and know your options. Helen Keit Licensed Real Estate Broker Certified Senior Advisor, Certified Relocation Professional Queens & NY Metro Real Estate and Relocation Experts The Keit Team @ Keller Williams Realty Landmark www.KeitTeam.com • 718-475-2877 MOVING ACROSS TOWN, ACROSS THE COUNTRY OR AROUND THE WORLD – WE MAKE MOVING EASY!™ Call us now for details about Our 50+ Lifestyle Moves Program! 917-887-4924 ADVERTORIAL KELLER WILLIAMS REALTY LANDMARK 32-55 Francis Lewis Blvd, Flushing NY
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