Not sure where you want to live yet?  Need time to get familiar with the area and take your time finding the right home? Why not lease a place for the first year and see how you like it?

Pictured here is a great condo on the water in Millsboro, Delaware. A large 2 bedroom, 2 bath home with an oversized 2-car garage, it is available for rent immediately for only $1,100/month. Over 65? The rent is only $1,000/month. It is partially furnished and that can stay or go – it’s up to you.

You can have a boat right outside the back door or just relax on the large deck watch the boats float by. You can also walk into the town of Millsboro. No maintenance to worry about and the condo fee is included in the rent.

Interested? You can learn more by looking at the listing information – CLICK HERE

Take the tour of the fabulous clubhouse at Independence, one of Delaware’s most popular active adult communities. This is what you expect in a top-rated community, with an indoor pool and an outdoor pool, a state-of-the-art Fitness Center, entertaining space in the ballroom and cafe area, game rooms to rival the best resort. Why take a risk on a community that promises a clubhouse will be built some time in the future? Watch the tour and then go look at the to-be-built models – SEE MODELS HERE.

“Many baby boomers who once vowed they would never trust anyone older than 30 are now in their mid-60s — and don’t consider themselves old.” begins the article written by Adam Taylor in the Wilmington News Journal

As one of those Baby Boomers who is now in her 60s, I do not consider myself old! Look for my quote based on my experience working every day with retiring Baby Boomers who are extremely active adults

Read More!

What I’m trying to say is – get to know Delaware and then you can decide what kind of community is right for you. I finally understand why so many people from New Jersey are sure they want to live in a 55+ community. They don’t want to be outnumbered by families with lots of young children and they think the only way to accomplish that is to live in an age-restricted  community. What they don’t know yet is that here in Coastal Delaware at least, those of us 55+ are becoming the majority. This is a resort area and now it is also a desirable place to retire. It is not a place where an aspiring corporate executive moves the family to begin a career climbing the ladder. When they become successful enough, it certainly is a place they may purchase a second home at the beach, but that still isn’t the majority of our new home buyers. (more…)

How do you define active adult? Are you an avid golfer, a tennis fanatic, a runner or yogi? Do you get up every morning and take a brisk walk with or without your best friend? Are you more active if you live in an active adult community or not? Terminology doesn’t define us but it does attempt to lead us in certain directions. You’re an active adult so you should live in an active adult community, right? Hard to say. Why did I name this site ActiveAdultsDelaware.com? It’s a starting point because it is a term being promoted and advertised by the builders and developers with a vested interest in finding out what we Baby Boomers want. (more…)

I was working with a wonderful couple that was looking for a retirement home here in Coastal Delaware. They had just retired, their family home was for sale, and Kathy was working with them to find a new home. Well, they found the perfect home and applied for a mortgage. Everything had been planned out very carefully and they had no doubt their small loan would be approved. They had perfect credit, their credit scores were excellent but their loan was denied! What went wrong? Before they retired, they had co-signed for car loans for each of their three children. That made it impossible for them to obtain mortgage financing. The banks treated the guarantee of their childrens’ auto loans as if they were actual debt.

Don’t co-sign a loan if you will soon need to go out and borrow money for yourself. If your co-borrower misses payments or defaults, the loan will negatively impact your credit rating by showing up on your credit record as an unpaid debt just as you’re trying to negotiate your own loan. This according to Lending Tree.

But today, even though their children were not delinquent on payments, the banks still considered their retirement income insufficient to cover those debts and their new mortgage. So, plan ahead and consider the impact of any financial decisions on your own future.

You can buy a new home using an FHA Reverse Mortgage and there are so many potential advantages for those over the age of 62, especially for the self-employed. Let me explain -

Normally when you apply for a mortgage, your credit score and your income determine the amount of money you can borrow to purchase a home. Then, of course, the home itself must appraise for an amount that justifies the loan. If you are buying a home selling for $400,000, for example, and you are able to put $150,000 cash down, you must still qualify based on your current income and credit history to borrow $250,000. The home also needs to appraise for at least $400,000. What if your retirement income doesn’t qualify for this amount or what if you are self employed and can’t truly show “personal income”. The bank won’t lend you the money. (more…)

The tip of the baby boom iceberg has just started melting into retirement. As tends to be the case with this generation, they are not content to do retirement the old-fashioned way. Boomers are healthier and more active than retirees of the past, and they have a lot more in mind than just sitting on their front porches in rocking chairs.

This article in US News & World Report indicates that the unemployment rate for aging Boomers is actually lower than the national average. What are they doing? Boomers are starting businesses in “retirement”. Perhaps this is the perfect time to do what you always wanted to do.

It’s an interesting topic – Read More!

Boomers planning to relocate have some big decisions to make. What kind of community do they want to live in and where? There’s lots written about active adult communities and you get the idea that everyone has worked their entire life to move to one of these communities designed for the perfect retirement. But ask yourself what it is you really want and what you’re willing to pay for -

• Age restricted (55+) or not
• Clubhouse
• Fitness Center
• Pools
• Golf
• Game rooms and more

If you don’t belong to a Fitness Center now, will you really use it when you move? How about the indoor pool? Is golf your passion? How about tennis? What does active really mean to you?

In an age-restricted or 55+ active adult community, you’ll meet people in your own age group with similar backgrounds. With a ready group of new friends you’ll always have people to get together with, travel with and throw parties.

I’ve often thought that these communities look to reward us for working hard, giving us that chance to finally live that country club lifestyle we never had time for while we were raising families and working 24/7.

(more…)

Not ready to retire yet but you know where you want to live when you do? Do you want to buy a new home in Coastal Delaware with all the latest design features and conveniences for your retirement. Have you already started looking even though you still have a year or more to work until you can move?

Lease it back to the Builder!

Right now, we know of two opportunities to purchase the model home in very desirable communities in Lewes, Delaware. The builder is in the business of building homes, not owning them. When they sell the model they pay rent to continue to use it as a model for a period of time, generally one or two years. What are the benefits to you?

• Buy a home loaded with all the options at today’s “buyer market” price
• Take advantage of unbelievably low mortgage interest rates and lock in a fixed rate loan before rates rise
• Wait to list your home for sale until you’re ready to retire or prices recover in your market

Would you like to see some specific examples? (more…)