Senior Fraud: “Incorrigible Leech” Almost Struck Again in Victoria

 

aroundtown-pro-am-jpgI just discovered that this man has been preying on new clients of Act Together Moving Services. He developed a “friendship” and gained their trust by helping them with odd jobs and hauling. Luckily his history of defrauding seniors was discovered

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The Golden Years…Because They Cost So Much?

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When David Bowie sang “Nothing’s gonna touch you in these golden years,” I have a pretty good hunch that he wasn’t referring to the period of life between the ages of 65 and 80+.

For most of us, the “golden years” refer to that period of retirement, when the kids have moved out, debts are paid off and careers have wound down. If you are in good shape financially, physically and mentally, your years past age 65 can indeed be golden.

These years can, however, can be far from golden for some. People can be at their most vulnerable in the following areas:
1. Health Concerns
senior-man-gym.jpgThese are the years when chronic illness, weight gain, reduced muscle mass, changes in hearing and eyesight, memory disorders and other health concerns rear their ugly heads. At the same time our body’s ability to self-repair becomes reduced as we age.
2. Money Matters
Most people rely on a fixed income after retirement, usually a combination of government pension (OAS/GIS, CPP), workplace pensions and RRSPs, and investment income.
The financial risks people face during the golden years include:
  • Will the value of their pensions and investments change?
  • As they age, will their income be able to cover the changing costs of housing, health care, and assistance required for the daily acts of living?
  • Will their financial reserves last long enough, or will they outlive their expected lifespan?
  • Will the death of a partner or spouse alter their financial situation?
  • Will they be able to leave behind something for the kids?
3. Housing Woes
Vulnerabilities in housing can overturn the apple cart of the golden years. Worries include:
Can I afford rising property taxes, maintenance and adaptations?

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I commonly hear of “house-poor” seniors who are just barely holding on to ownership of their house. Although rising property values will benefit them when it comes time to sell, if they want to remain living in their house they have to pay the rising taxes, keep up with repairs and pay for costly upgrades and adaptations to “age in place”.
Can I sell my condo? I hear the market is terrible.

In reality, condos can receive multiple offers if priced correctly and marketed well. The wise move is to get advice on real estate from experts before spiralling into worry based on rumours.
Rumours abound and everyone has a friend who says it’s impossible to sell in this market. What will happen if an individual needs to move into more appropriate housing due to health, but finds that their home sits on the market for months or years?
If I sell, can I find a nice place to rent?
If someone has owned their own house for many years the thought of renting can be off-putting. Sharing close quarters with neighbours, dealing with landlords and the many uncertainties of tenancy can be a real turn-off. And in many urban centres the amount of rental inventory in nice neighbourhoods is low.
The Golden Years come with some heavy stuff…and perhaps they’re not as golden as we’ve been led to believe.

Selling Your Home? Don’t Waste Your Money

Decluttering and depersonalizing your home are universal ways to attract potential buyers. Beyond that point, what home improvements actually provide good return on investment when it comes time to sell?

Here are some great tips from a Victoria Realtor about renovations that will make the home more attractive to buyers and increase the value of your home.
Home Renovations That Pay Off

By Terry Calveley, REALTOR®

Pemberton Holmes-Victoria, BC

There are two main reasons why homeowners invest in a home renovation or major redecorating project: They want to enjoy the results of the new kitchen, bathroom, flooring or other improvement they’ve made; and/or they hope that the money they spend will come back to them ~ at least in part ~ when they sell their home.

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So which projects are most likely to increase the resale value of a home?  Here are 5 Renovation Projects that give you the most bang for your renovation buck.

1. FLOORS. Old, scuffed or dated flooring tends to get noticed by home buyers, regardless of how well the rest of the room is decorated. New flooring – especially good quality tile or hardwood – can make any room look larger and more inviting.warm-furnished-kitchen.jpg

2. KITCHEN. When it comes to selling your home, the kitchen is one of the most important rooms. The more modern, new and spacious it looks, the faster your home will tend to sell.
That’s why you can expect a payback of up to 80%…Read the rest of Terry’s valuable tips on her blog

Downsizing Tips for Seniors

patI love talking about downsizing. Luckily, it’s a topic that seniors area really interested in so I usually have a captive audience. This week I was interviewed by “This Week in Real Estate” and it was all about downsizing.

The radio interview is posted on their blog:

“If you’re interested in taking the stress out of downsizing, then invest 20 minutes to listen to This Week in Real Estate where host Nick Jaworski interviews guest Patrick Fagan from Act Together Moving about moving services available for seniors in the Greater Vancouver area.” Click here to listen

Moving Mom and Dad Workshop

We’re giving a workshop on Saturday, February 15 at The Wellesley in Victoria. It’s purpose: to help people with elderly parents to prepare for their future move. Patrick and I are looking forward to delivering a fun and helpful workshop, class size will be kept quite small so we can be hands-on with individual situations going on with people in the workshop.bld4

Get Ready to Move

By guest blogger Tony Joe, Realtor at RE/MAX Camosun Victoria
Selling the family home is a big decision and has the potential to be an overwhelming process.  A good place to start is preparing the house for sale.
Like any other product, a house needs to be in its best presentation condition in order to attract buyers and to guarantee maximum dollar value.  You will need to look at your home through the eyes of potential buyers, identifying troublesome areas before they can hinder a sale.
Here is a list of items that have helped Sellers achieve successful sales and top dollar, arranged from high priority to low.  Continue reading

Deciding Where to Move

Anney-smallBy Anney Ardiel
Move Manager, Act Together Moving Services

We’d all prefer to make major life decisions when in a calm and objective frame of mind rather than making them when reacting to unexpected hurdles. If you know you’ll move in the next year, or know someone who will, follow this #1 rule when deciding to move.  Continue reading